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.
Budget 2026’s proposed tax holiday extension for GIFT City aims to make India’s IFSC more competitive globally. Analysts argue that tax certainty, along with rationalised dividend provisions, can improve investor confidence and encourage deeper onshoring. The move is expected to strengthen GIFT City’s ability to attract international finance business compared with rival centres.
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