The Ministry of Civil Aviation (MoCA) is toying with the idea of adopting a globally prevalent ‘different owners and operators’ and ‘fractional ownership’ concept of aircraft operations in India. Despite being not illegal, the concept has not been able to take-off due to several issues, including taxation complexities.
Industry experts claim that the issue is of utmost importance, as India is all set to become the world’s second-biggest aviation market by 2038 with over 1 billion passengers expected to fly per year.
As per the concept paper being studied globally, the largest aircraft operators in general & business aviation follow the models of aircraft management and fractional ownership services. “These two are the most popular and high-growth models. Read More