The government’s plan to attract aircraft leasing companies to India seems to be working, with at least five companies showing interest in opening offices in GIFT City in Ahmedabad, officials told ET. Four of the companies that have shown interest plan to deal with aircraft .”
leasing and one seeks to enter helicopter leasing.
Acumen Aviation confirmed to ET it has started the procedure of registering a company in GIFT City and the venture will be a fully owned subsidiary of the Ireland-based company.
“The steps taken by GoI on
Acumen Aviation confirmed to ET it has started the procedure of registering a company in GIFT City and the venture will be a fully owned subsidiary of the Ireland-based company.
“The steps taken by GoI on
the regulatory front, along with recent budget incentives, have generated a lot of interest and a few aircraft leasing companies and a helicopter leasing company have evinced interest in starting operations,” Dipesh Shah, head-development, International Financial
Services Centres Authority, told ET. “These incentives have put the leasing business in India at par with the best leasing market across the globe. Add the fact that Indian airlines have about 1,000 aircraft on order that provides a ready market for these leasing companies
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