India market soars for business jet makers
NEW DELHI: With the number of billionaires and high net worth individuals in India growing, business jet makers are intensifying efforts to sell their aircraft in India which industry sources say will need over 250 aircraft in the next 10 years.
"We are very optimistic about India. We have good business here as India is an expanding market," said Roger Sperry, vice president, sales, of the US-based Gulfstream.
"Earlier most of our sales were in th US, but now at least 60 percent of our sales are outside. We have built new facilities for the production of our latest offerings," Jerry said.
Gulfstream Aerospace Corp is a wholly owned subsidiary of General Dynamics. It had a record sale of 250 business jets in 2008 when recession spread worldwide. It is looking to increase its presence in the Asian market.
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