city New Delhi India pandemic sanitizer travelers city New Delhi India

Private jets, flying lessons in demand as pandemic wanes

Reading now: 652
www.livemint.com

NEW DELHI : The super rich, including corporate executives are travelling by private jets and taking flying lessons for both leisure and business, aviation insiders said, putting down the trend to a post-pandemic travel pivot.“Present demand is about 25-30% above pre-covid level," Rajesh Bali, Managing Director of Business Aircraft Operators Association said. “HNIs (high net-worth individuals) are looking at long-range and ultra-long-range business jets and others are looking at medium-range aircraft so there is renewed interest in this segment from people who may not be HNIs but who have business requirement to travel by air." There is also high interest among salaried employees in private helicopters for pilgrimage and related purposes where they are ready to pay up to ₹1.5 lakh each for a 2-3 day tour in a five-seater helicopter, Bali said.

The fleet size of non-scheduled jets is estimated to be around 550 in India with the potential to grow at 10% per year. Demand shot up in the last three years as the wealthy looked to travel exclusively in a sanitised environment without covid-related restrictions.

As of 2015, the Business Aircraft Operators Association estimated, the total fleet size of business jets in India stood at around 487, which would mean a 13% growth over the last eight years. “Covid brought a lot of change in private aviation, where traffic increased by around 200%.

Secondly, everyone wanted to buy an aircraft, and the prices shot up by 30%. As on date, the inventory worldwide for a pre-owned aircraft is basically zero.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Cabinet proposes Electricity Price Formula; says no option but to increase the tariff - newsfirst.lk - Sri Lanka
newsfirst.lk
72%
562
Cabinet proposes Electricity Price Formula; says no option but to increase the tariff
COLOMBO (News 1st) – Sri Lanka's Cabinet of Ministers decided to intruct the Minister of Power and Energy to introduce a price formula for electricity tariff, similar to the fuel price formula.The Government Information Department in a statement said that the Cabinet of Ministers considered the proposal submitted by the President in his capacity as the Minister of Finance, Economic Stability and National Policies and the Minister of Power and Energy regarding the revision of electricity tariffs. It was further observed by the Cabinet that the Treasury is not able to provide the necessary funds for the Sri Lanka Electricity Board within the existing financial space and therefore there is no other option but to revise the existing electricity tariffs to ensure a continuous electricity supply in the country while minimizing the impact on electricity consumers as much as possible. Accordingly, approval was given to proceed as follows:– The Public Utilities Commission of Sri Lanka will further study the proposed revision of electricity charges submitted by the Electricity Board and if any revision is required, to submit the same on or before 15.02.2023.– Until then, the Ceylon Electricity Board and the Public Utilities Commission of Sri Lanka will jointly take necessary measures to implement the electricity tariff revision proposed by the Ceylon Electricity Board with effect from 01.01.2023 as an interim measure in accordance with the amendments to the Public Policy Guidelines currently in force regarding the Power Industry– If the Sri Lanka Public Utilities Commission submits any amendments, the Ceylon Electricity Board will take steps to implement those amendments and make the necessary adjustments to future monthly
Jair Bolsonaro - Ranil Wickremesinghe - Luiz Inácio - Lula Da-Silva - Sri Lankan President concerned over violence in Brazil, says democracy must be respected by all - newsfirst.lk - Sri Lanka - Brazil - city Brasilia
newsfirst.lk
80%
459
Sri Lankan President concerned over violence in Brazil, says democracy must be respected by all
COLOMBO (News 1st) – Sri Lankan President Ranil Wickremesinghe said that he was deeply concerned about the recent violence that erupted in Brasilia. In a statement he said that Sri Lanka not so long ago also experienced similar attempts by groups to overthrow democratic structures through unconstitutional means. While noting that such hostilities are condemned, the President said the Sri Lankan stands in solidarity with the President, Government and people of Brazil in this hour of confrontation.President Wickremesinghe said that it is imperative that democracy and its institutions are universally respected by all citizens.For several days, supporters of former Brazilian President Jair Bolsonaro have been protesting as they refuse to accept that the populist autocrat lost his bid for reelection, claiming the election was stolen.Hundreds called for military intervention to overthrow President Luiz Inacio Lula da Silva, who was inaugurated one week ago.    Hundreds of supporters of Brazil's former president stormed the Planalto presidential palace, National Congress and the Supreme Court headquarters.After hours of chaos, Brazilian police have retaken control of the premises occupied by the protesters.Lula has declared federal security intervention in Brasilia and vowed to punish ‘neo-fascists’ with ‘full force of law’Bolsonaro denied any involvement in the attack, calling any suggestion otherwise a “baseless” accusation.While Lula has served two presidential terms, he has also served a prison term and some Brazilian say it is "shameful" he should have returned to the presidential palace after his time in jail.Lula spent 580 days in jail after being convicted of corruption in 2017 and was banned from running in the 2018
Experts say only debt cancellation offers Sri Lanka a chance of recovery - newsfirst.lk - India - Sri Lanka
newsfirst.lk
57%
111
Experts say only debt cancellation offers Sri Lanka a chance of recovery
Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s $51bn (£42bn) default last year, according to 182 economists and development experts from around the world.Instead of geopolitical manoeuvring, all of Sri Lanka’s creditors must ensure debt cancellation sufficient to provide a way out of the current crisis, said a statment from the economists and experts on Monday (9).In a statement the group that said that extensive debt cancellation was needed to give the economy a chance of recovery and that Sri Lanka would be a test case of the willingness of the international community to tackle a looming global debt crisis.The group – including the Indian economist Jayati Ghosh, Thomas Piketty, the author of the bestselling book Capital, and Greece’s former finance minister Yannis Varoufakis – said private sector creditors such as investment companies and hedge funds were preventing a deal.Private creditors own almost 40% of Sri Lanka’s external debt stock, mostly in the form of international sovereign bonds, although the higher interest rates levied on the bonds mean they receive more than 50% of external debt payments.Such lenders charged a premium to lend to Sri Lanka to cover their risks, which accrued them massive profits and contributed to Sri Lanka’s first ever default in April 2022, said the statement."Lenders who benefited from higher returns because of the “risk premium” must be willing to take the consequences of that risk. Indeed, ISBs are now trading at significantly lower prices in the secondary market.
Jeremy Renner - Lake Tahoe - Jeremy Renner shares new health update on Instagram as he thanks ICU medical team - express.co.uk - county Washoe
express.co.uk
65%
905
Jeremy Renner shares new health update on Instagram as he thanks ICU medical team
On Friday, Jeremy appeared to be feeling better as he received a head massage from Kym in a video shared on Instagram.In the clip, the actor showed off his bruised and swollen face while his sister massaged his head in a shower cap.The Hawkeye star slurred his words in the video while explaining that this was his first shower while confirming he was "definitely weak of something".He captioned the video: "ICU SPA MOMENT TO LIFT MY SPIRITS.“Thank you mama Thank you, sister.Thank you all for your love."Jeremy was run over by a seven-tonne snow plough on New Year's Day as he worked to free a trapped family member from the snow covering his Lake Tahoe home.He was left in critical condition and has been reported to have undergone two surgeries to help his recovery.Authorities have said Jeremy tried to use his 14.330-pound snow plough to help free a family member with a personal vehicle that was stuck in the snow.The actor got out of the vehicle to speak with the family member, during which time, Washoe County Sheriff Darin Balaam said: "It was observed that the PistenBully [snow plough] was starting to roll."In an effort to stop the rolling PistenBully, Mr Renner attempts to get back into the driver seat of the PistenBully."Based on our investigation, it’s at this point that Mr Renner is run over by the PistenBully."A 911 call made in the aftermath indicates that the right side of the actor's chest collapsed and his upper torso was crushed.The actor, who owns his own fire truck, plough and other heavy machinery took a snowcat to help clear the way for some of the snow early hours of New Year's Day.A publicist for Jeremy said in a statement Monday that he had "returned from surgery and remains in the intensive care unit in
DMCA