India is poised to experience a rapid upswing in the business aviation sector due to its strategic geographic location, favourable demographics and robust economic growth. Located strategically between the Middle East and Europe on one side and the East Asian economies on the other, India’s geography offers a lucrative opportunity for growth of general and non-scheduled aviation training schools due to the rising demand from the ever-growing volume of high net-worth individuals and business houses in the country.
Given the vital importance of the helicopter industry, we are happy to be knowledge partners to the Ravanan Aviation SriLanka. This report is AeroSoft Corp’s contribution to the event and we hope that it will provide new insights to the forthcoming discussions.
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FEASIBILITY REPORT ON THE INDIAN MARKET FOR HELICOPTER TRAINING SCHOOL
India's diverse terrain and varied weather conditions meant helicopters were ideally suited for a wide number of uses, but the country lacks efficient, trained and quality helicopter pilots. Thus we could tap the tremendous potential market for helicopter flying training schools in India.
FUTURE PROSPECTS – UNFOLDING HORIZONS
By 2017, the Indian aviation market is projected to be among the three largest markets globally. The General Aviation (GA) market, which includes helicopters, is expected to grow at 10% per annum to cross 16 billion INR as nearly 300 business jets, 300 small aircraft and 250 helicopters are expected to be added to the present fleet by then. For this the country requires well trained non-scheduled Aviators.
The civil aviation industry is strongly dependent on the general economy. Hence, the past and projected future growth of general business aviation in India has been driven by the strong economic growth the country has witnessed in the last five years.Air travel was once considered a luxury for both business and private needs. This perception has now changed as savings in travel time, comfort and convenience and higher reliability compared to other modes of travel have outweighed the cost differential. The poor connectivity between the metros and smaller cities is why more and more companies and individuals are realising the benefits of using private jets and helicopters, thus increasing the demand for trained helicopter pilots.
Finally, the surge of tourist traffic into India has been a key driver of the growth of the general aviation sector in the country.
POTENTIAL MARKET OPPORTUNITY
Talking about the potential of helicopter training institute in India, It can be said that due to growing heli-tourism segment, there is a huge demand for trained helicopter pilots in the market. With negligible number of quality helicopter training institutes in India, most aspiring helicopter pilots from the country go to US for professional training. It is a similar story in other South East Asian countries. So the institute can offer training at a lower cost (between INR 20 lakhs – 25 lakhs) compared to US (more than Rs 30 lakhs). This way the Institute can bring international expertise to India at low and competitive cost. And aslo attract students from neighbouring and South East Asian countries for training at the Institute.
Thus we could tap the tremendous potential market for helicopter flying training schools in India and avail lucrative growth opportunities.
Projection of Market
We Could recruite Minimum number of student
for Helicopter 30 - 100 Students
Aero plane training 20- 30 Students
per year wise from India and Nepal.