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IndiGo & Air India Establish Leasing Units at GIFT City

2023-09-06

IndiGo and Air India have announced a strategic collaboration to establish aviation leasing units in the Gujarat International Finance Tec-City (GIFT City). This partnership marks a significant development in India's aviation sector, enhancing the country's presence in the global aviation leasing market.

GIFT City, located in Gandhinagar, Gujarat, is India's first International Financial Services Centre (IFSC) and aims to become a global financial hub. IndiGo and Air India's decision to set up leasing units here demonstrates their commitment to expanding their presence in the finance and aviation sectors.

The move is expected to stimulate investment and boost economic activities in the region, creating employment opportunities and driving growth. Additionally, it will facilitate the leasing of aircraft, engines, and other aviation assets, streamlining the aviation industry's financial operations.

By leveraging their extensive experience and expertise, IndiGo and Air India are poised to make a significant impact in the aviation leasing sector, supporting the growth of India's aviation industry. This collaboration aligns with the government's 'Make in India' initiative and underscores the nation's determination to excel in the global aviation market.