Air taxis operated with small aircraft called very light jets or VLJs — a phenomenon that has captured the imagination of the North American market — will soon make an entry into India.
Invision Air, a Mumbai-based telecom antenna company getting into the general aviation business beginning next year, is planning to launch an air taxi by 2010. The company has recently ordered 20 such aircraft, worth about $70 million, from the Brazilian aircraft manufacturer Embraer.
Seeding the market before the arrival of the Phenom VLJs, the company plans to start charter aircraft operation early next year with Cessna Citation CJ-1 aircraft. Speaking to ET, the company’s promoter Vinit Phatak said, “There is a huge gap in the market between the club/first class passenger and the executive jet owner.”
Chartering or renting out an aircraft offers much more flexibility in terms of timings as well as the ability to fly anywhere, than a scheduled flight on a commercial airline. Invision Air plans to charge the charter industry market rate of Rs 1.1 lakh per hour for the aircraft.
The first phase of operations will be with leased Cessna planes for charter flights. Invision Air will invest close to $15 million in the operations in the initial phase, Mr Phatak said. The company will subsequently scale up to air taxi operations, offering flights on demand at airports across the country.
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