BOMBARDIER’S OUTLOOK FOR THE REGION

a penalty. So an operator has to park the plane in Ahmedabad or some other neighbouring airport. This burns extra fuel and makes business unviable,” he said. In its 2015-24 business aircraft outlook, Bombardier has pegged the numbers at 310 aircraft for South Asia valued at $12 billion. It said that the region continues to develop its regional business aviation market and that there was slow improvement in infrastructure and regulatory environment. The average annual economic growth in India is seven per cent and the fleet compound annual growth rate is 12 per cent. The region is forecast to receive large category aircraft, accounting for over 50 per cent of total deliveries. The outlook pointed out that delivery of aircraft would be 80 in the light category, 70 in the medium category and 160 in the large category.