TIWN

New Delhi, May 5 (IANS) High-flying netas have reversed the trend in general aviation sector with more and more politicians taking charter flights for election campaigns. The negative growth has turned positive in March with the total charter flight movement rising 11.2 per cent from a year-ago period this election season.
As per the latest data by Airports Authority of India (AAI), the total aircraft movement in the general aviation sector in March, 2019 was 26,964 compared to 24,229 in the same month last financial year. Besides reversing negative trends, the March growth was highest in the last six months.
Most key non-scheduled operators have seen their fleet utilization soaring to 100 per cent and profit margins touching all time high in the last two months.
"All our aircraft have been flying through March and April. In fact, the last two months have been the best months in the last several years. It was expected because election requirement is so much this time that almost all the operators had their aircraft busy," said Rajan Mehra, a veteran aviation professional and Chief Executive Officer of Club One Air.
- GST Council Meeting Today!! Swiggy, Zomato Delivery Charges May Become Cheaper
- 18% GST on Services Provided by Finance Companies to Banks
- India’s Diesel Exports Hit One-Year High in September
- RBI Raises Interest Rate After Nearly Four Years, Loans Could Become Costlier
- Gold Gets Costlier, Silver Demand Rises in this Festiva Season : Report


