Latest news with #LATAerospace
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Business Standard
16-07-2025
- Business
- Business Standard
LAT Aviation has not bought any private jet, clarifies Deepinder Goyal
Earlier, a media report claimed that Goyal-backed LAT Aerospace has bought a Bombardier Global jet. The aerospace startup, co-founded by Surobhi Das, is in the regional aviation space Press Trust of India New Delhi Eternal (formerly Zomato) CEO Deepinder Goyal on Wednesday clarified that LAT Aviation -- an aviation startup backed by him -- "has not bought any private jet". Earlier, a media report claimed that Goyal-backed LAT Aerospace has bought a Bombardier Global jet. The aerospace startup, co-founded by Surobhi Das, is in the regional aviation space. "For those who want facts more than clickbaity headlines LAT is a startup, and has not bought any private jet. LAT is about making planes for regional aviation, and is not in the business of buying planes," Goyal said in a post on X. "And, I don't own one personally either. Will be nice to have one, though," he added. The aviation venture faces uncertainty due to regulatory clearances, technological capability and public adoption.
Mint
16-07-2025
- Business
- Mint
Zomato co-founder Deepinder Goyal-backed LAT Aerospace buys Bombardier jet? All you need to know
Zomato co-founder Deepinder Goyal has issued a clarification after a report on Wednesday said LAT Aerospace, a company backed by him, has bought a Bombardier Global jet. 'For those who want facts more than clickbaity headlines – LAT is a startup, and has not bought any private jet. LAT is about making planes for regional aviation, and is not in the business of buying plane,' Goyal said in a post on X. 'And, I don't own one personally either. Will be nice to have one though,' he further clarified. As per the report by Moneycontrol quoting multiple sources, Bombardier Global series aircraft was scheduled to start operations from July 16. The jet has been seen parked in the Delhi airport's VIP bay since June 2025. The exact model of the aircraft could not be ascertained by the report. The registration of the aircraft, as well as the purpose of its flight today were also not known. As per the report, Indamer MJets Airport Services and Bird Execujet Airport Services are responsible for the ground handling and engineering of the Bombardier Global jet. Earlier in June, LAT Aerospace co-founder Surobhi Das confirmed that Deepinder Goyal is eyeing the regional air travel segment with the aircraft startup. "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? India has 450 airstrips - but only 150 see commercial flights. That means nearly two-thirds of our aviation potential is being wasted. Meanwhile, millions in Tier 2 and 3 cities spend hours - sometimes days - traveling by road or rail," Das said in a LinkedIn post. Goyal's bet on the aviation venture could redefine regional air travel in India which is at a nascent stage, as uncertainty remains over regulatory clearance, technological capability and public adoption. The reported development on LAT Aerospace comes days after Deepinder Goyal bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for ₹ 52.3 crore. According to Zapkey, the Zomato co-founder bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022. The registration of the house was done in March this year.
Mint
16-07-2025
- Business
- Mint
Zomato co-founder Deepinder Goyal-backed LAT Aerospace buys Bombardier jet, says report
Zomato co-founder Deepinder Goyal-backed company LAT Aerospace has bought a Bombardier Global jet, according to a report. As per the report by Moneycontrol quoting multiple sources, Bombardier Global series aircraft is scheduled to start operations from July 16, which is today. The jet has been seen parked in the Delhi airport's VIP bay since June 2025. The exact model of the aircraft could not be ascertained. The registration of the aircraft, as well as the purpose of its flight today were also not known. Livemint could not verify the authenticity of the report. This article will be updated once there is an official statement from LAT Aerospace or its officials. As per the report, Indamer MJets Airport Services and Bird Execujet Airport Services are responsible for the ground handling and engineering of the Bombardier Global jet. Earlier in June, LAT Aerospace co-founder Surobhi Das confirmed that Deepinder Goyal is eyeing the regional air travel segment with the aircraft startup. "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? India has 450 airstrips - but only 150 see commercial flights. That means nearly two-thirds of our aviation potential is being wasted. Meanwhile, millions in Tier 2 and 3 cities spend hours - sometimes days - traveling by road or rail," Das said in a LinkedIn post. Goyal's bet on the aviation venture could redefine regional air travel in India which is at a nascent stage, as uncertainty remains over regulatory clearance, technological capability and public adoption. The reported development on LAT Aerospace comes days after Deepinder Goyal bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for ₹ 52.3 crore. According to Zapkey, the Zomato co-founder bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022. The registration of the house was done in March this year. According to market experts, the value of this property is now between ₹ 125 crore and ₹ 150 crore.
News18
16-07-2025
- Business
- News18
Eternal CEO Deepinder Goyal-Backed LAT Aviation Acquires Bombardier Private Jet
LAT Aerospace, backed by Zomato's Eternal CEO Deepinder Goyal, has acquired a Bombardier Global series private jet 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. 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. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
04-07-2025
- Business
- India.com
Air travel will be as easy and cheap as a bus? THIS new company backed by Zomato founder Deepinder Goel is planning to...
Zomato- Surobhi Das and Deepinder Goyal LAT Aerospace news: In a significant update for the Indian aviation sector, a new startup is aiming to revolutionize regional air travel at a mass scale. In the recent development, LAT Aerospace, a new Indian aviation startup co-founded by Surobhi Das (former Zomato COO) and backed by Zomato CEO Deepinder Goyal (who invested $20 million out of its $50 million funding), is planning to build 12-24 seater STOL (Short Takeoff and Landing) aircraft that can operate from small airstrips. Here are all the details you need to know about what LAT Aerospace is planning. As per media reports, LAT Aerospace, under the leadership of Surabhi Das is planning to operate small planes from small airstrips where at affordable prices planes with a range of up to 1500 km will be used for targeting tier 2 and tier 3 cities. What is LAT Aerospace planning? Readers should note that India has over 450 airstrips, but only 150 are in use, highlighting major untapped potential and LAT Aerospace wants to make air travel as easy and accessible using this available space. 'When we were flying all over India for Zomato, we were repeatedly stuck on the same question – why is regional air travel so difficult, expensive and low in India?', Surobhi said on LAT's journey. However, the company must overcome regulatory, technical, and safety challenges to win public trust. It is currently hiring aerospace engineers and aviation experts as it scales up operations to meet its ambitious goals. Why is Zomato's Deepinder Goel facing new competition? In a significant development and a bad news for Zomato's Deepinder Goel, the entry of ride-sharing companies into the online food delivery market in India pose early challenge to existing players like Zomato and Swiggy as in initial years, such companies can operate on much lower margins or at break-even, a report showed on Wednesday. Rapido has announced its entry this month. ONDC was a similar risk in 2023 but it was not able to make a major dent in the duopoly structure of the food delivery industry, according to a note by HSBC Global Investment Research. (With inputs from agencies)
