A new company is all set to start its operations in India and the company is the famous private jet firm, named the NetJets. The company is starting its operations through a strategic partnership with a local partner in the country and while announcing the partnership, the officials of the company have informed that the operations will be started very soon. The CEO of Shreyans, Mr. Ashish Chordia has been engaged by the company for the purpose and the industry sources informed that Shreyans is currently representing the luxury brands like Porsche and Fendi in India.
According to the sources from the industry, the NetJets usually sells the fractional ownership in the private jets to both the individuals and companies and it is operating in more than 750 aircrafts at the moment. The sources added that the company is actually a unit of the Berkshire Hathaway Inc, being promoted by the billionaire investor Warren Buffett. The officials of the company have informed that they have decided to start their operations in India, as they feel that the demand for private aviation will grow in these regions soon. They mentioned the ongoing strong economic growth and rising incomes in Asia, West Asia and Latin America, as the main reasons behind their such thinking.
While talking about the companys decision to enter the Indian market, the Executive Vice-President of NetJets, Mr. John Colucci said, "In India, wealth creation is taking place at a phenomenal pace". He added that the number of the companys business flights to and from India has been increased by about 400 per cent in the last four years. He further informed that the company is also planning to target the high net worth individuals and also the businesses in India, for their operations.
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| Posted : 3/21/2008 |
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