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Magadh Today > Latest News > Business > “Political rally fervor: 40% surge in demand for Charter Planes and Helicopters ahead of Lok Sabha Election 2024”
Business

“Political rally fervor: 40% surge in demand for Charter Planes and Helicopters ahead of Lok Sabha Election 2024”

Gulshan Kumar
Last updated: 2024/04/14 at 8:06 PM
By Gulshan Kumar 2 years ago
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Politicians and representatives of political parties are traversing the country for the Lok Sabha elections, leading to a surge in demand for charter planes and helicopters by up to 40%. According to experts, this increase in demand is expected to result in 15-20% higher earnings for private aircraft and helicopter operators. Hourly rates for charter services have also increased, with fees ranging from approximately 4.5 to 5.25 lakh rupees for planes and 1.5 to 1.7 lakh rupees for twin-engine helicopters. The availability of fixed-wing aircraft and helicopters is also limited compared to previous election years.

The demand for helicopters has seen a significant rise, with an increase of up to 25% during the election period compared to normal times. However, the supply remains insufficient to meet this demand. Helicopters are commonly used by political parties to reach candidates and leaders in remote areas within a short time frame. States like Uttar Pradesh, West Bengal, Tamil Nadu, and Andhra Pradesh have witnessed a higher usage of helicopters.

The demand for charter planes has also seen a surge, with an increase of 30-40% compared to previous general elections. During the election period, hourly rates for single-engine helicopters can range from 80,000 to 90,000 rupees, while for twin-engine helicopters, it can range from 1.5 to 1.7 lakh rupees. The earnings of charter plane operators during elections are expected to be 15-20% higher than usual.

Charter planes typically have a seating capacity of 7-12 passengers, depending on whether they are single or twin-engine helicopters. The rental for charter planes can range from 4.5 to 5.25 lakh rupees per hour. Operators anticipate a significant increase in earnings during the election period.

The surge in demand for aircraft and helicopters underscores the intense campaigning activities undertaken by political parties and candidates as they vie for votes in the Lok Sabha elections.

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