Also Eyes Partnership In China

It's no secret the Asia-Pacific region is a current hotbed for aviation, as the burgeoning region embraces growth in both commercial and business aviation sectors. The latest operation to tap this market is fractional jet provider NetJets, which plans to launch operations in India shortly... and it doesn't plan to stop there.

Reuters reports the company, owned by Warren Buffett's Berkshire Hathaway, is also looking towards a partnership in China, that would open yet another large market for the company's private jet operations -- creating still more opportunities beyond the company's existing US and European bases. For now, however, India's the focus.

"In India, wealth creation is taking place at a phenomenal pace," said NetJets Executive VP at a recent news conference. "We think we'll get to our first 100 customers in India very quickly, and that will be just the tip of the iceberg.

Colucci notes a 400-percent increase in the number of NetJets flights to and from India over the past four years... many of them for high-net-worth individuals and businesses.

"Our customer base is not affected by a market slowdown," he said. "Breakeven will be a few years down the line here, not many years."

FMI: www.netjets.com