US-based NetJet to cater private jet services to Indian HNIs

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Mumbai, Mar 19 (UNI) US-based private jet service provider, NetJet today said it has engaged Indian luxury service provider Ashish Chordia, CEO of Shreyans, for marketing its services under fractional aircraft ownership of private international flights.

NetJet, which has its base offices in US, Europe and West Asia with 750 private jet aircraft under management, plans to cater to High Networth Individuals (HNIs) in India as well as in China, Company's Executive Vice President and Director of Sales, Graeme Weston told mediapersons.

The aviation group is the first to introduce such an offer in South Asia. The fractional aircraft ownership will allow individuals and corporate groups to get the flight service on demand as well as on a fractional share ownership in the existing fleet, Mr Weston said.

The entry fee for 25 hours flight in twelve months will be 1,31,000 Euro and for a 50 hour block, the owner will get 1/16 share holding by paying 4,00,000 Euro, which could be sold to others or renewed after five years, Mr Weston added.

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