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LAT Aerospace, backed by Zomato’s Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet
Eternal CEO Deepinder Goyal.
LAT Aerospace, backed by Zomato’s Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet, sources familiar with the development told Moneycontrol. The aircraft has been stationed at Delhi Airport’s VIP bay since June 2025 and is reportedly scheduled to operate today, July 16.
According to Moneycontrol, ground handling and engineering services for the aircraft are being provided by Indamer MJets Airport Services and Bird Execujet Airport Services. However, the publication noted that details such as the aircraft’s exact model, registration number, and the purpose of today’s flight remain unverified.
The private jet acquisition comes shortly after Goyal reportedly registered a Rs 52.3 crore luxury apartment in DLF’s The Camellias in Gurugram. As of June 2025, Goyal holds 36.95 crore shares (3.83% stake) in Zomato, with a market value of around Rs 9,847 crore, according to Moneycontrol. Forbes estimates his net worth at $1.6 billion.
While the exact model is not confirmed, a Bombardier Global 8000, equipped with Ka-band Wi-Fi, carries a list price of $78 million. A Global 6500 costs around $56 million new, while pre-owned variants typically range between $30–$45 million, depending on age and condition.
Owning a Jet in India: Regulatory Landscape
To legally operate a private jet in India, owners must register a company and obtain a Non-Scheduled Operator’s Permit (NSOP) from the Directorate General of Civil Aviation (DGCA). The process involves submitting Form CA-28, customs clearance, ownership proof, and lease documentation, among others.
Read More: How Rich Do You Have To Be To Own A Private Jet?
Private jet purchases attract a 28% IGST for personal use. However, for commercial operators, the tax rate is only 5%, making the NSOP model financially more viable. According to Moneycontrol, India had 114 active NSOP holders as of June 2024.
LAT Aerospace and Goyal’s Aviation Bet
Goyal launched LAT Aerospace in June 2025, as revealed in a LinkedIn post by co-founder Surobhi Das. The startup aims to revolutionise regional air travel in India—an area long plagued by high costs, low connectivity, and underutilised infrastructure.
“While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air travel still so broken, expensive, infrequent, and mostly out of reach unless you live in a metro?” Das wrote.
LAT Aerospace has reportedly raised $50 million in funding, with Goyal contributing $20 million. The company is currently hiring aerospace engineers, systems designers, and aviation enthusiasts to develop its regional aviation platform.
Diverse Ventures and India’s Private Jet Ecosystem
Beyond Zomato, Blinkit, and LAT Aerospace, Goyal also launched Continue, a wellness and mental health venture, under Upslope Advisors Pvt Ltd.
India’s private aviation sector has seen strong momentum in recent years, driven by favorable tax reforms and infrastructure investments. Initiatives like GIFT City’s aircraft leasing program, customs duty relief (2.5–3%), and GST reductions have further fueled interest in private jet ownership.
As per Moneycontrol, India currently has the largest private jet fleet in South Asia and ranks third in the Asia-Pacific region, with over 151 registered business jets.
To support this growth, airports across India have launched or revamped General Aviation (GA) terminals. Notable examples include:
- Delhi IGI Airport, which launched India’s first GA terminal in 2020.
- Mumbai Airport, which revamped its luxury GA terminal in 2022.
- Kochi Airport, where PM Modi inaugurated a 40,000 sq ft business jet terminal in December 2022.
- Hyderabad Airport, which unveiled a new GA terminal in September 2024.
The global business jet market, valued at over $24 billion in 2020, is projected to reach $37 billion by 2028, according to Statista. In India, rising demand is being driven by a growing ultra-high-net-worth individual (UHNI) population, expected to surge 50% by 2028.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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