Indian carriers to induct over 500 aircraft in five years
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Background ✨
IndiGo announced plans to establish an aircraft leasing subsidiary based in IFSC Gift City, while Air India previously outlined a similar Gift City leasing subsidiary plan in Aug-2023.1 Air India reportedly established AI Fleet Services IFSC Limited to facilitate leasing of six A350-900s scheduled for delivery in 2023/24.2 India’s Civil Aviation Ministry and Gujarat International Finance Tec previously held talks on developing an aircraft leasing roadmap tied to large-scale fleet acquisitions.3