Airavat Aviation (Airavat), a new venture by Transworld Group launches hyper-personalized air services with luxury private jet travel in the Middle East. Airavat has a fleet of Hawker 4000 super-midsize business jets which will operate on-demand flights to Europe, Africa, Asia, and the Middle East from its Dubai base. India will be one of the major markets, among the Asian countries.
According to reports, the Middle East and Africa Jet Charter market size is expected to grow from USD 511.52 million in 2023 to USD 851.90 million by 2028. With an eye on the growing market for luxury travel in the region, Airavat aims to cater to ultra-high-net-worth individuals (UHNWIs) and business leaders and capture 8 to 10% market share over the next five years.
“Today’s UHNWIs, HNWIs, business leaders, and C-suites not only seek customized travel experiences but are also increasingly environmentally conscious,” said Ramesh S. Ramakrishnan, Chairman of Transworld Group. “With the launch of Airavat, we aim to introduce a new dimension of bespoke luxury that seamlessly blends aviation, travel, and hospitality with sustainability. Airavat’s focus is to deliver best-in-class luxury private jet services to our customers.”
The strategic selection of Airavat’s routes also aims to strengthen the Indo-Arab relationship by facilitating private aviation travel between these regions. As the private aviation sector experiences exponential growth, with some markets witnessing up to a 150% increase compared to pre-pandemic years, the Middle East has emerged as a destination renowned for unrivaled luxury experiences, innovative enterprises, and sustainable mega-developments. This vibrant region attracts affluent individuals and influential thought leaders from around the world.