Private jet industry offers luxury and industry fueling growth

India is on track to become the third largest private jet market globally by 2026, overtaking the UK. The number of monthly private jet flights in India has tripled, reaching over 2,400, which is higher than anywhere else in Asia. The country now ranks third in the area, behind only China and Australia

The Indian private jet industry is experiencing significant growth, becoming the fastest-growing market globally, with strong demand driven by a desire for efficient, private, and hassle-free travel. The user base has expanded beyond ultra-wealthy individuals and celebrities to include startup founders, tech professionals, and families, with a significant portion being first-time users.

Factors like urban congestion, increased corporate activity, and government initiatives to build new airports are fueling this boom, while market value is projected to reach $26.08 billion by 2030.

The Indian government's plan to build 100 new airports by 2030 is expected to create more opportunities for private jet operations and accessibility. The industry is expected to grow from its current valuation of $13.89 billion to $26.08 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 11.08%.

India is on track to become the third largest private jet market globally by 2026, overtaking the UK. The number of monthly private jet flights in India has tripled, reaching over 2,400, which is higher than anywhere else in Asia. The country now ranks third in the area, behind only China and Australia.

Popular private jets in India include various Bombardier models like the Challenger and Global series, Cessna Citation models such as the Sovereign and XLS, Dassault Falcon jets including the 7X and 8X, and Gulfstream models like the G550 and G650ER. Other frequently cited models are the Hawker 800XP and Embraer Praetor 600. India's private aviation sector is growing, with companies like Dassault Reliance Aerospace Limited (DRAL) building Falcon jets in India, as reported in June 2025.

Another factor is the rise of business hubs in Tier 2 and Tier 3 cities, where operating costs are lower than those in metropolitan areas. Government initiatives like UDAN have improved air connectivity to these cities.

The ultra-high-net-worth population is also expected to grow by 50 per cent by 2028, likely boosting private jet use for business, family events, celebrations, and leisure travel.

India currently has four dedicated private terminals in Delhi, Mumbai, Kochi, and Hyderabad, with several other airports accommodating charter flights. However, more business aviation terminals and ramp space are needed to support growth.

The sector also requires easier airport access, greater flexibility for Visual Flight Rules (VFR) operations in certain conditions, and improved domestic facilities for critical services such as engine overhauls.

While business travel is a major driver, private jets are increasingly used for personal reasons, including destination weddings, religious pilgrimages, and luxury travel to wellness retreats.

Unlike in the West where ownership is common, India's market leans heavily on charter services, with a surge in demand from first-time flyers and businesses seeking efficient travel solutions.

Growth in Tier-2 and Tier-3 Cities: Demand is rising from non-metro cities as the government plans to build more airports, improving connectivity for businesses and individuals in smaller urban centers.

A growing desire to avoid the congestion and unpredictability of commercial air travel is fueling demand for private aviation as a strategic and time-saving business solution.

Private jets offer personalised wellness packages, curated cuisine, and seamless access to luxury destinations, catering to the evolving desires of high-net-worth individuals. With increasing demand, many private jet journeys are now planned with short notice, underscoring the dynamic and flexible nature of the market.

The cost of acquiring a private jet varies on various factors, such as its type and configuration. Light jets like the Cirrus Vision can start at around Rs 16 crores, whereas long-range premium jets like the Gulfstream G650 can easily exceed Rs 550 crores.

In addition to this, you have to pay delivery fees, airport landing charges, and parking and housing charges. Private jet ownership involves various fees and taxes such as aircraft registration fees, customs duties and Goods and Services Tax (GST).

The basic customs duty for private jets ranges from 2.5-3%, and the Social Welfare Surcharge is about 10% of the customs duty. While the Integrated Goods and Service Tax (IGST) for jets for personal use is 28%, the IGST for commercial private jets is only 5%.

The coming years represent a pivotal phase for India’s business travel sector. Advances in eco-friendly practices, modern technologies, and traveller-focused strategies are reshaping the industry.

Both individuals and corporations are adopting innovative solutions that improve efficiency, ensure comfort, and align with international standards. With a strong focus on customised and responsible travel, the future of business travel in India looks highly promising.