Friday, April 04, 2008

Which club’bing could take you this high?

One of the first movers in ‘customised air travel’, Club One Air has plans to revolutionise air travel across India
“Factional ownership?!?” If you hadn’t heard of this term till now, be confident Club One Air would make this and the term ‘customised air plans’ is the buzzword of air travel industry in the coming few years. So what does factional ownership really mean? Does it mean that you might end up ‘owning’ an aircraft? Astonishingly, the answer is yes! At least, a part stake in a swanky flying machine! The concept of aircraft ownership or fractional ownership has existed for sometime in the West, but it’s only now that the booming Indian economy has given birth to hundreds of nouveau moneyed corporate honchos, who have the wherewithal and the luxuriant gumption to partake of this service. To cash in on this demand, Club One Air started its corporate journey in 2005. “Nobody in the country was into this business of fractional ownership. There were big industrialists who owned an aircraft; but many of them couldn’t even afford time and funds to face the hazards of owning an aircraft.

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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