Recently, the @FinMinIndia notified that ‘aircraft leasing’ will be considered a financial product. This will be permitted at GIFT City—India’s International Financial Services Centre (IFSC). This may seem like a minor development, but is a big step. Here’s why - a thread <1/13> @FinMinIndia The #aviation industry is going through a rough patch. @IATA expects air traffic will take years to recover to pre-pandemic levels. Over time, #zoom and #googlemeet can eat into the air #travel business market. <2/13>