Business is booming for Indonesia’s luxury jet charter firm Enggang Air Services and the company’s CEO Donnie Armand tells CNBC he is planning to expand his fleet size to meet the growing demand.
“Private jets in the United States average 30-50 hours of flying time per month, we average around 75 hours per month, well above the industry,” said Armand, adding that Enggang is going to place orders for two 20-plus seater business jets this week, bringing its fleet size to 6.
According to Armand, Indonesia will take delivery of an estimated $500 million worth of private jets this year. The country already has an estimated 18 jet charter companies operating in the domestic market, and this number is climbing.
Jakarta-based budget carrier, Lion Air is the latest Indonesian company to announce an order for private jets. The airline, which plans to launch its own private jet charters, confirmed on Wednesday at the Singapore Airshow that it had purchased two Hawker 900XP mid-sized business jets for a list price of $64 million , with options for two additional aircraft from the U.S-based manufacturer.
With this growing interest, international jet manufacturers are identifying Southeast Asia’s largest economy as a key target market in the region, in addition to China and India.Page 1 of 4 | Next Page