Fractional Ownership Takes Root In India

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It's no secret that the fractional aircraft ownership concept has spread worldwide from its humble beginnings with what became the NetJets concept in 1986. Proving you can't keep a good idea down, a company billing itself as India's first domestic fractional operator -- Club One Air -- recently announced starting operations. Club One Air, whose managing director is Manav Singh, presently offers shares in its fleet of five Cessna Citation IIs and Excels to "high net-worth" individuals and India-based corporations. Singh's goals include selling as many as 60 shares -- that would be twelve "owners" per Citation -- by the end of 2005, according to published reports. Plans for 2006 include adding another five fixed-wing jets, plus two helicopters. Singh, a U.S.-educated financier and marketer, started a company called Aerostar Aviation 10 years ago to provide aircraft engineering services in India and the Middle East. So far, his Club One Air concept appears to be taking off.