Tough trading conditions aren’t discouraging business aviation services group Gama (Stand 955) from its goal of growing a global network. The latest evidence of this is that Gama’s Asian clients are now benefiting from the UK-based business aviation, charter, management and maintenance company’s recently opened Hong Kong FAA Part 135 operating base.
India’s Directorate of Revenue Intelligence (DRI) is scrutinizing approximately 15 Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. In particular, the agency has confirmed it is looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotels’ Embraer Legacy 600. Several other corporate jets are also understood to be under investigation.
Dubai-based Aviation Services Management (ASM) recently opened a new branch in Mumbai, the company’s second in India, to accommodate an increasing number of high-net-worth individuals taking advantage of corporate jet travel. The operation is staff by a team of six sales representatives.