Boeing on Wednesday had announced the signing of a $4.4-bn contract for selling 42 Super Max jets to SpiceJet.
On India’s sluggish macroeconomic environment as well as issues such as customs duty on imports affecting the business aviation sector, Poncins expressed hope after the 2014 elections, the new government would look into these issues and bring about a flexible taxation regime. “While the US has about 6,000 business jets, India has only 200. Countries such as China and Russia have flexible tax systems. We believe India will follow that trend.”
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