Crew shortage: AI to reduce size weekly US nonstops for 2-3 months.Gold rises above Rs 60,000 an ounce for first time in a year.Sensex sheds 360 points, Nifty closes below 17k amid global rout in equities.The demand for charters has seen a huge spike during Covid with HNIs who used to travel first class in commercial airlines earlier now preferring to travel in business jets with friends and family or even solo,” Tekriwal said. “These aircraft are used for charter purpose and also evacuations that includes mainly flying patients to some city for treatment. JetSetGo’s fleet ranges from the 18-seater Global 6000 to the six-seater Cessna Citation CJ2 with list price ranging from $50 million to $3 million. After the collapse of some big airlines in India over the last decade, reposing planes had become a big issue with foreign lessors. She says the biggest comfort for Gift City lessors is the ease of getting their planes back in the event the company defaults in payment of rentals. We also plan to get our clients in the Middle East to lease planes from Gift City,” Tekriwal says, adding JetSetGo was the first company to lease an aircraft from Gift City. Two of our 10 planes have been leased from there and we plan to get 10-20 more via that route. Thanks to the tax holiday in Gift City, it makes sense for us to lease planes from there. Leasing from Ireland has its own expenses. “Leasing aircraft from anywhere abroad, except Ireland, involves paying a withholding tax of 10%. The Modi government’s vision to bring aircraft leasing to India through the Gift City has come as a major opportunity for both non-scheduled and scheduled operators in India.
While the HNI clients in Middle East are mainly mega infra developers, those from India are biggies from the pharma, infra and renewable energy space. We have converted these planes into revenue generators for the owners by leasing them in the time when it is not required for use by them,” JetSetGo founder Kanika Tekriwal told TOI. “We are now managing 28 aircraft for HNIs in India and the Middle East where our company takes care of everything from providing crew to maintenance, getting flight despatches, route clearances, overflying permissions and inflight amenities. The company, that currently owns 10 business jets and has been managing aircraft for HNIs in India, is looking big time at Ahmedabad’s Gift City to lease more planes for both its own business here as well as for its customers in the Gulf. These terms & conditions are in addition to your statutory rights as a consumer which remain unaffected.NEW DELHI: Leading Indian charter player JetSetGo has now diversified into managing aircraft owned by high net worth individuals in the Middle East. Please note that delivery charges are non refundable (unless the order is cancelled before it is shipped). Should a parcel be unclaimed and subsequently returned to Hopskotch Limited, we will only re-ship the goods on receipt of an additional p&p charge. However Hopskotch Ltd cannot be held responsible for lost, stolen or unclaimed parcels once they are shipped. Should a parcel not arrive please contact us with all relevant information and we will try to help.
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