Subscription-based aviation startup IndiaJet has announced the launch of its operations in India with an aircraft subscription program. Based on the timeshare model, the platform has been created for business owners and senior management professionals, offering them the benefits of a private jet, IndiaJet said in a statement.
IndiaJets is a brand owned and operated by Prive Avion Alliances Pvt Ltd. Prive Avion was founded by John Kuruvilla along with TGS Gupta and Rajesh Rajan in October last year.
Read also: MiG-29 fighter jet’s fuel tank deplanes in mid-air, falls in Kolkata’s forest area
As per the platform, customers will be required to purchase a stock size appropriate to the annual flight requirement for a fixed amount per month and per hour to attend to hiring personnel, paying hangar rent, or various other details contained in the entire Have to fly. Aircraft ownership, including variable costs, it said.
The company said it has raised US$5 million in seed funding internally and currently operates a 6-seater business jet. There are plans to induct another 32 aircraft, including medium to large jets, over the next few years.
In India, there are many challenges in air travel for businessmen in India. IndiaJet co-founder and CEO John Kuruvilla said the high cost of aircraft ownership and monthly operation and maintenance are strong entry barriers.
“Private flying is the only solution, and business leaders around the world are now doing so through fractional ownership, which offers the flexibility, convenience, privacy, tax and time saving benefits of aircraft ownership, without the attendant capital expenditure or management responsibilities.” provides,” he said. According to him, members can customize their travel itinerary, set their own schedule, save and maximize the value of their time among others.