Thursday, March 27, 2008

Private emotion… ...As private jets become big business!

How about the A380 being used as a private jet! Astounding isn’t it? The news comes as A380 maker Airbus has announced that it will supply the aircraft to a private party beyond the US and Europe (you heard it) for private use! Figuratively, the Airbus A380 is a massive aircraft by all means. This $300 million plane can carry over 850 persons non-stop across really long distances. In a time crunched business world of the 21st century, air transportation has become more of a necessity rather than a luxury. Massive advancements in the aviation industry has shortened travel times significantly; therefore becoming a preferred avenue for A to B transportation. However, after terrorist strikes have started targeting ‘public’ aircraft, it appears that there is a gradual shift towards ‘private’ aircraft. These ensconced spaces in the air not only allow secured transportation but also the freedom to travel anytime from anywhere! According to analyst Hitesh Raj Bhagat, “with facilities like ‘part ownership’, private jets have become means of personal transportation for the ultra rich.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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