Wealthy Indians flee by private jet as virus infections spiral

Published Mon, Apr 26, 2021 · 02:56 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

[MUMBAI] India's mounting crisis surrounding a surge in coronavirus infections is prompting wealthy families to flee the country by private jet.

With reports of hospital bed and drug shortages sweeping social media, Indian tycoons and others who are not so well off but fearful for their health are booking flights to bolt holes in Europe, the Middle East and Indian Ocean.

"It's not only the ultra rich," said Rajan Mehra, chief executive officer at New Delhi-based private jet firm Club One Air. "Whoever can afford to take a private jet are taking private jets." India reported 352,991 new infections on Monday, the highest daily tally worldwide since the pandemic began. With the country's health infrastructure creaking under the strain, Bollywood movie superstars were spotted escaping to destinations including the Maldives, while at least three Australian cricketers have quit the Indian Premier League, the sport's leading club tournament.

Some of the impetus for the wealthy to fly out of India has come from overseas nations taking measures to restrict travel from India as the new wave of Covid-19 cases has taken hold.

Canada, Hong Kong, the United Arab Emirates and the UK are among more than a dozen states that have imposed curbs, with others poised to announce measures. The Maldives will restrict Indians from visiting all but a handful of resort-only islands from Tuesday, leading to a last-minute rush in departures.

"There was a huge surge to London and Dubai just before the restrictions took place, and the Maldives too before they announced the ban," said Mr Mehra, who was previously the head of Indian operations at Qatar Airways.

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

A one-way flight from New Delhi to Dubai costs as much as US$20,000, including ground handling and other fees, though private jet operators also charge for the return leg if the plane is empty, Mr Mehra said.

While private fares were already high and haven't been bumped up, the cost of airline tickets has climbed, the CEO said, with one-way economy-class trips to Dubai going for the equivalent of US$1,300, more than 10 times the regular price.

"That shows how desperately people are trying to get away," he said.

BLOOMBERG

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Share with us your feedback on BT's products and services