Air charter sourcing businesses are profiting from high net worth Indians renting commercial aircraft as the FIFA world cup approaches (HNIs).
Qatar will host the FIFA World Cup from November 20 to December 18.
The attendance of India’s HNIs at the FIFA event in Qatar this year is expected to be unprecedented, according to official sources, as the charter planes are largely sold out despite the high prices.
A high net worth individual from India reserved the quickest 30-seater charter plane to attend the FIFA World Cup matches in Qatar, according to an official who spoke on the condition of anonymity.
Insta Charter, a Delhi-based air charter sourcing company, HNIs are expressing interest in scheduling a private charter.
“The majority of the travel requests we’ve received in the previous month have been for FIFA matches in Qatar and Dubai.”
Captain Abhishek Sinha, founder of Insta Charter.
Since Qatar’s hotels are all booked up and there aren’t enough rooms to accommodate all of the FIFA fans, the country’s wealthy elite has raised demand for private charters for FIFA matches.
A global platform called Insta Charter connects operators and brokers in the business air charter sector. Most notable individuals who will be attending the FIFA match from India have booked their charters through Insta Charter, according to Insta Charter, which verified this to ANI.
“We can say with certainty that this is indicative of the notable attendance of the who’s who of the Indian business community at the event, however we can’t mention the name of our clients due to our privacy policy.”
Captain Sinha stated
Because there aren’t enough hotels in Qatar to accommodate all of the people attending FIFA, people who want to witness a 90-minute match of their favourite FIFA side are turning to charters to get home after the game the same day.
India’s ultra high net worth individuals are under 40 and spend more on experiences than on jewellery, according to the founder of charter sourcing company Insta Charter.
The typical flight time for private charters of 30 seater aircraft from Delhi to Qatar (Doha) is about 5 hours, and the operators charge the price according to two-way pricing, which further raises the price if it includes plane holding, airport fees, and crew expenses.
“A 30-seater jet trip to Doha should cost between INR 50 and 60 lacs plus taxes, but due to soaring demand and unequal supply, same trip is currently commanding a price increase of between 40 and 50 percent. From Mumbai, the cost is nearly the same”
Captain Sinha, creator of Insta Charter
Ahead of the FIFA World Cup in Doha, Tata Group-owned Air India announced the beginning of 20 new flights per week from Mumbai, Hyderabad, and Chennai to Qatar (Doha).
The airline stated in a statement that “the extra capacity will take care of the rise in demand predicted around the football extravaganza in Qatar slated in November and December 2022.”
On November 20, the first FIFA World Cup to be staged in the Middle East and the Arab world will begin, bringing together soccer fans from the region and throughout the world in a sleek and contemporary environment.
Since Argentine superstar Lionel Messi made a stunning revelation claiming that the FIFA World Cup 2022 in Qatar will “definitely” be his last, the majority of football fans are really eager to come and see his final game.
As Lionel Messi previously stated, “It’s definitely my last World Cup.”
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