Satellite data shows there has been a significant growth since 1993
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If you think subscription-based cab services—like Uber, Ola, and Lyft—have changed the transportation sector, wait till you hear about subscription-based airlines. Yes, you heard that right. The world of transit is all set for a facelift with the introduction of Prince Air. A Delhi-based company, Prince Air is looking to revolutionise private jet travel.
Set to launch in 2020, Prince Air will provide unlimited flights between Delhi, Mumbai, and Bangaluru for a monthly subscription, at a fraction of what private flights cost otherwise. Pre-booking for the service is already open. Customised through an app, subscribers will be able to book flights minutes before departure, saving time on all ends from booking to take-off and departure.
Buying into the growing experiential travel sector, Prince Air is striving to provide a customised VIP experience with private terminals, complimentary wifi, and refreshments. As of now, there are only three cities in the roster, but the company is looking to expand to other destinations. The model is perfect for frequent, business travellers looking for a hassle-free, luxury service at the click of a button. Prince Air will add cities like Pune, Chennai, Hyderabad, Amritsar, Jaipur, Ahmedabad and Lucknow to its destination list in the second and third phase.
Currently, private charters can cost anywhere between INR 2 and 3 lakh per hour, and Prince Air’s founder Sanket Raj Singh claims to reduce this cost up to 80 or 90 per cent. “We will be starting with six Bombardier or Embraer aircrafts and just want 2,500 members across Delhi, Mumbai, and Bengaluru. The moment we close on 2,500 members, our membership would be closed,” said Singh, according to news reports. Monthly subscription cost per member would be between INR 1 and 2 lakh for unlimited flying. The Netflix of private jets, if we may.
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