Hawker Beechcraft Thursday announced that India’s import license rules and taxes act to dissuade potential customers, and the company is seeking changes, according to Hindu.com. The comments came the same day the company opened a service center in the country. Hawker Beechcraft is forecasting that large business and financial growth in India will lead to increased demand for business jets; Civil Aviation Minister Praful Patel has said, “The demand for business jets will increase to 500 in the next 10 years.” But Hawker Beechcraft CEO Jim Schuster believes the Indian government is placing barriers between potential buyers and aircraft. “The tax burden on imported small and medium jets is proving disadvantage [sic] for them,” Hindu.com reported. Hawker Beechcraft claims a 56-percent market share for turbine aircraft in India and recently reported a 20-jet order from BJETS.
Hawker Beechcraft Calls For Changes In India
Key Takeaways:
- Hawker Beechcraft (HBC) is seeking changes to India's import license rules and taxes, which they claim disadvantage potential business jet buyers and impede market growth.
- Despite these governmental barriers, HBC forecasts significant growth in India's business jet demand, aligning with the Civil Aviation Minister's projection of 500 jets in 10 years.
- HBC maintains a strong presence in the Indian market with a 56% share and a recent 20-jet order, while concurrently opening a new service center to support its operations.
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