NetJets, a private jet firm, on Wednesday announced that it has engaged Ashish Chordia, CEO of Shreyans, to act as the company’s strategic partner. This is the company’s first foray into the Indian market.
Strong economic growth and growing demand for private jet travel in India, coupled with a 400 per cent increase in the number of NetJets business jet flights, to and from India in the past four years, has led the company to direct focus on its long term strategy in the country.
NetJets is a well known player in fractional aircraft ownership and currently has operations in the US, Europe and the Middle East. Fractional aircraft ownership allows individuals and companies to enjoy all the benefits and more of owning their own jet at a fraction of the cost.
The company is by far the largest operator of private jets in the world with a combined fleet worldwide of over 735 aircraft under management – the second largest fleet of aircraft in the world after American Airlines.
Combined the company flew over 390,000 flights to over 170 countries in 2007. NetJets is owned by Berkshire Hathaway, the investment vehicle of the legendary investor Warren Buffett.
NetJets is considering its options in the domestic market, including working with additional local partners.
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