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Which Company has received approval from IFSC Gift City to establish an aircraft leasing venture?
A)
Vistara
B)
IndiGo
C)
Akasa Air
D)
Alliance Air

Correct Answer :   IndiGo


IndiGo, India's largest airline, has received approval to establish an aircraft leasing venture in IFSC Gift City.

* The parent company, Interglobe Aviation, plans to invest around ₹11,500 crore in the segment over the next five years. The funds will come from promoter investments.

* The new venture, named Interglobe Aviation Financial Services IFSC Private Limited, will focus on operating leasing, financial leasing, and other related services for aircraft.

* It will also offer lease arrangements, sale and leaseback, asset management, and various transactions related to aircraft and aircraft engine leases. The end customers for their services will be the DTA entity of their Group company. The estimated value for the export of services over five years is projected at ₹11,563 crore.

* The proposed premises for the leasing company will span 15 square meters. IndiGo has an order book of 980 aircraft and had previously announced its intention to establish a presence in IFSC Gift City in September 2023.

Source : EZ News

Published On : December 18, 2023
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