Club One Air eyes Rs 200cr revenue; to add more planes to

City-based luxury jet operator Club One Air is eyeing an over two-fold increase in its topline to Rs 200 crore by March 2021.
The company, which recently inducted a Falcon 2000 in its fleet, has also set up F&B and ground-handling services under the brand name Club One Class and Club One Concierge.
It also expects its aircraft utilisation to touch up to 55 hours per month going forward, Club One Chief Executive Officer Bhupesh Joshi said.
"In the fiscal starting April, we hope to clock Rs 100 crore revenue. But we are eyeing a combined turnover of over Rs 200 crore by 2021 as we will not only be adding new aircraft in the fleet but also have a higher aircraft utilisation," Joshi said.

Club One currently has 10 aircraft in its fleet comprising Falcon, CRJ, Gulfstream and Cessna planes. Three of these are the 8-10-seater Falcon 2000s.
Joshi said Club One Air has been growing at a healthy 20 per cent over the last 2-3 years and is "envisaging growth of 25-55 per cent in aircraft utilisation as we add more aircraft going ahead."
He said the company plans to induct 10 more planes by March 2021, which would take its fleet strength to 20 aircraft.
"We are hoping to generate Rs 5-7 crore from our recently launched F&B and ground-handling business in the next financial year. We, however, expect this to grow by 25 per cent over a period of time. In all, of the Rs 200 crore revenue we are eyeing, as much as Rs 175 crore will come from the charter flying while the rest from other verticals," he added.