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Friday, 6 December 2019

Slowdown grounds business jets as the rich tighten purse strings

The cost of ownership is steep and includes pilots, crew and other support staff apart from parking and servicing. It’s cheaper to rent a private jet or a helicopter at about Rs 2.5 lakh per hour, depending on the size of the aircraft, experts said. Indiabulls-promoted Airmid Aviation, which once had three business jets and one helicopter, now just has the latter.

from Transportation-Industry-Economic Times https://ift.tt/2RpEabK

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