You are here: Home » Specials » Aviation » News
Business Standard

Bombardier sees revival of biz jet orders from '15

Bombardier showcasing its wide-body Challenger 605 business jet at India Aviation 2014 being held in Hyderabad

K Rajani Kanth  |  Hyderabad 

Bombardier, the Canadian manufacturer of commercial aircraft and business jets, expects the business aircraft market in India, which has been on the decline since the last four years, to revive after the 2014 elections, according to Nilesh Pattanayak, regional vice-president (Asia-Pacific, business aircraft), Bombardier.

“Business aircraft is directly related to the economic growth in a company, GDP growth as well as proper profits. India had some challenges since the last few years. The business outlook had not been that positive and companies held back their decisions. We believe that there will be a revival at the end of the 2014 elections and 2015 is going to be a very strong year for business aircraft in India,” he told Business Standard.

Stating that Bombardier saw tremendous opportunity in India, Pattanayak said the company was expecting close to 5,000 business jet deliveries across the Asia-Pacific region, including 1,300-1,400 in India, over the next 17 years.

“The demand will be driven by economic growth, globalisation and the increase in the number of billionaires in these markets,” he said.

Bombardier is showcasing its wide-body Challenger 605 business jet, and its customer services and integrated after-market portfolio at India Aviation 2014 being held in Hyderabad.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 12 2014. 20:23 IST