Lobby group Business Aircraft Operators Association (BAOA) on Monday called for multiple government interventions to ensure the sector’s rapid growth.
The association unveiled its first industry report authored by Dubai-based consulting firm Martin Consulting in New Delhi. The report found that business aviation has grown by a meagre 2% over the last five years, and provided with the right kind of government support India could be looking at a best case growth scenario anywhere between 2% and 12%.
The report rued that the new civil aviation policy clearly left out business aviation, despite projections of the sector’s direct contribution to the gross domestic product to the tune of Rs.1,762 crore by 2030. Byron Buxton Jersey