The future of Business Aviation is poised for a combination of technological innovation, sustainability and personalised service: Abhishek Kumar
Having spent over two decades in Business Aviation, worked into multiple verticals and taking up various roles, the journey has been good enough for Mr. Abhishek Kumar. He happily accepts that he feel blessed in life to get all good opportunities which shaped his career. Within the time span, he has played a very key role in all his assignments which has achieved him an accolade from the industry peers. In this candid interview, Mr. Abhishek Kumar, Business Leader talks with Vishal Kashyap, Managing Editor, Aviation World about his Aviation journey and shares his perspective on the evolving sector. Excerpts… Q: Tell us about your journey into Aviation? How you started and about your professional associations? A: I started my career in 2004. My first assignment was with a company involved in trading of aircraft parts and consumables. I was there on a short term contract to prepare a software for that company to minimise the wastage of consumables. I made a software using FIFO (First In First Out) method and it worked well and saved a lot for that company. Started working with OEMs like Honeywell, Recaro Seats for their projects in India (As their authorised service center). This helped me to setup Spare Parts Business Unit in one of the leading MROs in India from scratch and converting the same into profitable entity. I learnt the nuances of maintenance which further helped me to shape up my career in another MRO in New Delhi. Having learnt trading and maintenance the next step was to see what happens on the other side. So I joined one of the leading charter management company who just took over a NSOP. Worked tirelessly to add 11 aircrafts on the AOP during the COVID period. Q: You have played an instrumental role at senior management level. How has been the experience in terms of opportunities and responsibilities? A: If you ask me, I have been lucky enough to get the opportunities which shaped my career. I always believed in upgrading my skills. I would have been a software developer till date working on the coding side if I would not have taken the opportunity offered to me to join the sales and operations. I take the current opportunity and start working on my next level skill development. Starting from day one, I was responsible for complete P & L which helped me to take the risk and it really boosted my career. If you have to reach at top, you must have the appetite to take the risks. Being responsible for complete P & L gives the leverage to interact with various stake holders within the organization and it gives you overall BIGGER picture which normally one doesn’t see working in silo. Secondly I am a firm believer of two things which really helped me to get these opportunities. FIRST : It is important for you to know WHAT NOT TO DO even if you don’t know What to do next ? – It simply means I am very clear what all things I don’t have to do come what may. I have been a learner and keep learning new things and hence don’t know what will come next and what to do. But based on my learning and experiences, I have a list of what not to do and it really helps me. SECOND : Focus on your own growth. There is a proverb in Hindi “ Tumhara kiya tumhare saath and mera kiya Mere saath). Again I am a firm believer of this and it has helped me a lot during my last 20+ years journey. ” It’s important for one to know WHAT NOT TO DO. Several people will tell you what to do but no one tells you what’s not to do and actual success lies in knowing this fact.” Q: There has been complete transition in Business Aviation in terms of number of aircrafts, business volume, type of pax, etc. How do you see the evolution and what next is projected? A: The recent transformation in Business Aviation, marked by significant changes in aircraft numbers, business volume and passenger profiles – reflects broader shifts in the global economic landscape and evolving client preferences. More aircrafts are entering the market which are driven by rising demand from HNIs & corporates. From large cabins jets to light jets, fleets are now catering to a wider range of needs, including short haul and regional. The pandemic initially suppressed business travel but has since rebounded strongly, with a shift towards more flexible, on-demand and private travel solutions. Increasing emphasis on greener, more efficient aircraft like those equipped with advanced engines affects operational volume and costs. Business Aviation used to be dominated by corporates and HNIs but the client base now includes entrepreneurs, top executives and even government officials. High speed internet on board for remote work capabilities has become a new standard now. New airports and FBOs are being developed to cater to increased traffic. WHAT NEXT : Adoption of sustainable aviation fuels (SAFs), development of zero-emission aircraft and increased emphasis on carbon offsetting. Industry is looking forward to more flexible ownership models like fractional ownership, memberships and pay per use schemes. Client demands are increasing now to have highly personalized travel experience including bespoke interiors, tailored amenities and seamless digital interfaces. The future of Business Aviation is poised for a combination of technological innovation, sustainability abd personalized service. While the core value of offering private, efficient and flexible travel remains unchanged, the ways in which this is achieved will continue to evolve and that’s going to bring new changes and dimension in this industry. Companies that embrace digital transformation, prioritize environmental responsibility and adapt to changing client expectations will be best positioned to achive bigger in this dynamic landscape. Q: What’s your observation of Fractional ownership of Business jets in India? A: Fractional ownership in aviation in India is a burgeoning concept and it still have to evolve.