Since we first began to formulate our initial business strategies for IndUShealth in 2006, we have kept a close eye on global airliner deliveries as a good indicator of economic activity around the world. Reuter's Sumeet Chaterjee did a great job of highlighting India's aerospace trends in his article Boeing to deliver $17 bln of planes to India in 5 yrs.
It was interesting to note that Boeing had not seen any reduction of orders from the airlines of India, Asia's third largest economy. As we are treated to a never ending litany of grim economic news here in the US, it is comforting to note that 50 airlines are eagerly awaiting 892 Boeing 787s.
While it is getting more expensive and time consuming to get from Raleigh to Moline, global air travel continues to expand...should you doubt this, here is a video of every airliner flight in a 24 hour period...compressed to 70 seconds.
We chose to concentrate on India for a variety of medical and business reasons. Cost effective global air travel is critical to our business model. Even during the most recent surge in jet fuel costs, we saw only a modest increase in US-India ticket prices. Currently, we are seeing special sub-thousand dollar direct flight fares return.
Of course, it is also comforting to be in the good company of 44% of the US Fortune 100 corporations that have already established operations in India.
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