FlySBS Aviation is Transforming Private Jet Leasing in India
FlySBS Aviation is pioneering private jet leasing in India where it has emerged out as the first and foremost company for affordable, effective, exclusive and accessible aviation solution. FlySBS is revolutionizing luxury sky travel opening the world of jets to more consumers with new leasing models.
Leadership and Expertise
FlySBS is led by an experienced team of aviation specialists:
- Kannan Ramakrishnan – Founder Director & Accountable Manager, 30 years of industry experience.
- Aviation entrepreneur, founder AFCOM Airlines, 24+ years in the industry.
- Amba Shankar – Founder Director & CEO, 30+ years of aviation domain expertise towards vision of FlySBS.
The accumulated experience provides a solid strategic and operational platform for ongoing growth at FlySBS Aviation.
Fleet and Leasing Model
FlySBS operates by offering their aircraft on Dry Lease agreements, granting flexibility and scalability without the cost burden of purchasing aircraft outright.
Current Fleet:
- Mid-Size Jets – Bombardier Challenger 605 (8 — 9 seats, 6,205 km range)
- Small Jets – Bombardier Learjet 45 (6-7 seats) 3,723km range
- Heavy Jet – Embraer Legacy 600 (13 pax), in service from December 2023
Business Model and Offerings
FlySBS is democratizing private aviation with range of leasing and membership options:
- Long-Term Chartering – Customized leasing solutions for a prolonged period.
- Incentive-Based Model (“Je’time” Program) – An enumerable package of hours for frequent fliers.
- Single-Time Charters – The a la carte menu of flight.
- Air-Time Share — Shared ownership to lower costs.
Revenue Streams
FlySBS’s revenue model is 4 pronged:
- Charter Services — On-demand, per-usage rental.
- Subscription-Based Models – Based on flight hour usage.
- Dry Lease — Exclusives of aircraft leasing solutions
- Lease Programs – A shared ownership model providing economic access to private aviation.
Market Situation and Industry Development
The Indian private aviation sector is growing at a fast pace:
- 11% CAGR growth – In fact, by ’25, India will be the world’s 3rd top aviation market.
- MRO Market Potential – $4.33 billion, overall $19.5 Billion Market Opportunity
Key Growth Drivers:
- Demand for private charters since COVID
- Growth in disposable income of HNIs/UHNIs.
- India’s $5-trillion economic vision musings.
- Changing consumer behaviours away from private aviation.
Challenges:
- Repositioning will be very costly and not very transparent billing.
- A shortage of wet-leased private jets.
Plans for Future Growth and Expansion
Fleet Expansion
- Five more jets expected by FY25 under the dry lease model.
- Economics—Acquisition of two small cabin jets to expand service offerings.
Innovative Programs
- Introduction of “Je’time Program” in FY25 for better affordability.
- A GPS-based GPS-based “Je’tree” Application to optimize private jet availability and reduce operational costs
Market Penetration Strategy
- Launching in major Indian metro cities: Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai.
- Building out networks among HNI/UHNW to expand client base
Global Expansion
- Creating a Delaware-based subsidiary for international aircraft lease
- Listing on BSE SME Market – IPOs Study
An Example of Competitive Advantage and Market Positioning
FlySBS Aviation can leverage the growing private aviation space in India with innovative leasing models, transparent pricing, and advanced technology. It is a leader in the developing luxury aviation space, lessening the barrier to entry due to its commitment to cost-effective and accessible travel.
Conclusion
With a robust focus on providing cost-effective leasing options, FlySBS Aviation aims to establish a new benchmark in India’s private aviation market while gearing up for expansion with strategic fleet growth and tech-led service optimizations. Established with the vision to upgrade air travel, FlySBS is leading a new era in India with luxury and affordability set for exponential growth over the upcoming decade.
