Tuesday, February 21, 2006

Plane truth: Many takers for private jets

NEW DELHI: The mechanical birds are fast turning out to be the preferred toys for corporate India. With a galloping economy, private jets are emerging the latest status symbols for the high-fliers of India Inc.

The list of jet owners is no longer limited to the flamboyant lot of Vijay Mallya, Lalit Suri, Mukesh Ambani and Subrata Roy Sahara.

Sources say business houses like Venkateshwara Hatcheries, the Munjal-owned Hero Group, the Mittal-owned Airtel and Force Motors are also queuing up to park at the hangars.

"More corporate houses are now rushing in to buy business jets and turbo-prop planes for their top brass," says a civil aviation ministry official.

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