Online travel platform, EaseMyTrip. com, announced its entry into the charter aviation sector by acquiring a 49% stake in Big Charter Pvt Ltd. According to the company, the expansion aligns with the growing demand for private and corporate chartered flights across India, particularly among high-net-worth individuals (HNIs) and business travellers.
The Indian charter aviation market, currently valued at approximately $650.5 million, is projected to reach $1.14 billion by 2033. This growth is driven by increasing demand for regional connectivity, corporate travel, and flexible air transport solutions, according to media reports. On a global scale, the charter aviation industry is expected to surpass $33 billion by 2033, fueled by rising disposable incomes, a heightened focus on privacy, and the need for time-efficient travel.
“By combining EaseMyTrip’s technological expertise with Big Charter’s established presence in the sector, we are set to transform the charter aviation landscape in India. This will enable us to cater to a premium customer base while contributing to the industry’s expansion,” Nishant Pitti, Chairman and Founder of EaseMyTrip, emphasised.
Big Charter Pvt Ltd has been a key player in regional connectivity and Non-Scheduled Operator Permit (NSOP) operations, serving a diverse clientele across India. In the financial year 2023-24, the company generated revenue of Rs 128.75 crore (approximately $15.5 million). The collaboration with EaseMyTrip is expected to strengthen its market position and enhance its service offerings.
EaseMyTrip’s decision to diversify into high-margin segments like charter services comes at a time when the company is actively exploring new business avenues. In September last year, it ventured into electric bus manufacturing through its subsidiary, Easy Green Mobility. The company’s latest financial results indicate a 26.3% year-on-year decline in net profit, falling to Rs 33.6 crore for the third quarter ending December 31, 2024, from Rs 45.6 crore in the same quarter of the previous fiscal year, as per a report by The New Indian Express.
While the financial specifics of the deal remain undisclosed, EaseMyTrip’s board has given in-principle approval for the acquisition. The move is in line with the company’s broader mission to democratize travel, particularly in Tier-2 and Tier-3 cities, where Big Charter has a strong foothold.
“Together, we aim to deliver a seamless and accessible travel experience, furthering our mission to provide high-quality and reliable air travel options across India,” Sanjay Mandavia, director, Big Charter, added.