Luxury Takes Flight - World Leaders and CEOs Choose Private Jets for Vibrant Gujarat Summit 2024

Mumbai, January 11, 2024

In an unprecedented display of opulence and efficiency, a staggering 70 private jets, both foreign and Indian-registered, have descended upon Ahmedabad this week to transport heads of state and top executives of the world's largest corporations for the Vibrant Gujarat investor summit. This extraordinary influx underscores the increasing reliance on private aviation in the luxury market.

Rajan Mehra, the Chief Executive of Club One Air and former India head of Qatar Airways, revealed the surge in charter bookings from high net worth individuals destined for Ahmedabad in recent weeks. Mehra noted that many of these elite travelers intend to extend their stays to participate in the Vibrant Gujarat summit.

High Net Worth Individuals Flock to Vibrant Gujarat

According to Atiesh Mishra, Director of AJM Jet Management, business jets have evolved into indispensable time-saving tools for industry leaders and corporate titans. Mishra highlighted the significant uptick in flight demand during major events like Vibrant Gujarat, the World Cup, and the G20 summit. Moreover, he emphasized that an increasing number of corporate entities now rely on advisory services for private jet acquisitions.

The tenth edition of the Vibrant Gujarat summit anticipates its highest-ever participation, with more than 50,000 companies registering for the event. Themed 'Gateway to the Future' and spanning from January 10 to 12, the summit is set to host delegates from 34 partner countries and 16 partner organizations. It is expected to announce pacts and projects worth billions of dollars.

Private Jet Bookings Soar as Global Elite Converge in Ahmedabad

Wednesday witnessed the arrival of 29 foreign jets carrying delegations from the UAE, including President Mohamed bin Zayed Al Nahyan, as well as representatives from Mozambique, Timor-Leste, the Czech Republic, Japan, Nepal, Estonia, Morocco, and Vietnam.Additionally, sixteen charter flights transported Indian government officials, while twenty-two foreign-registered private jets from operators like VistaJet and Abu Dhabi's Royal Jet conveyed top executives from tech giants and leading financial institutions over the next two days.

With over 50 global CEOs confirming their participation in the summit, the demand for private jet travel has surged. Scheduled flights on busy routes have experienced a significant spike in ticket prices. For instance, a Delhi-Ahmedabad flight for Thursday (January 11) is priced at just 74,500, while the shorter sector of Mumbai-Ahmedabad commands fares starting from INR 11,000.

Officials at Ahmedabad's airport have been diligently preparing for months to accommodate the influx of attendees for the Vibrant Gujarat Summit.