Global Aviation upbeat about India market

Show: India Aviation 2014 - Day 3

US-based Global Aviation announced at India Aviation that it would open an office in India in 2014 to facilitate aircraft transactions, ferry services, aircraft spares and evaluations.

Talking to SP’s ShowNews, Mike Higgins, Director of Sales and Karan Sidhu, President Global Aviation, said the market for such new and preowned aircraft transactions was growing considerably and the company provided expertise to customers to benefit from global transactions.

In 2013-14, Global Aviation closed seven transactions from India. “As of now, we are geared up to buy more aircraft from India,” said Karan, indicating that some of the sales was happening due to the dollar appreciation and customers who had bought the aircraft sometime back were raking in good appreciation. As per a report of the Business Aviation Operators Association, 19 aircraft were sold out of India in the last one year, reflecting the trend. This accounts for about 36 per cent of the global aviation share in the market.

Karan, an NRI said: “There is a huge potential in the Indian aviation Industry, So far the industry has grown on baby steps, big leaps are yet come for new and pre-owned aircraft and we are motivated to close maximum aircraft transactions in my home country India.”

When asked about company’s impressive aircraft transactions success rate, Karan said “providing the highest level of performance, integrity and transparency is the way we do Business. We have earned our impressive records by extending beneficial long term customer relationships.”

Karan also confirmed that Global Aviation has plans for partnerships with all major maintenance companies in India for their pre-purchase formal aircraft inspections. He said the team of Global Aviation is to stay in India longer to visit aircraft owners (sellers) in India as scheduled in advance for aircraft inspections and negotiations.

The company has a Representative in India, providing necessary sales support. Before leaving for India, the Company successfully closed on a portfolio of six Helicopters to Iraq.