Akasa Air has set up a new entity at Gujarat’s GIFT City to strengthen its aircraft financing and leasing operations. The company, Akasa Air Leasing IFSC Private Limited, is expected to help the airline access better funding terms while improving flexibility and lowering costs through an IFSC framework.
India is working on a policy that could enable fractional aircraft ownership while also considering treating aircraft as infrastructure assets. Aviation Minister Ram Mohan Naidu said the approach is meant to make financing and leasing easier, strengthening GIFT City’s push to become an aviation leasing and financing hub comparable to Dublin, Singapore and Dubai.
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