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GIFT IFSC AVIATION
Indigo signs $328 million finance deal with Citi for 8 Airbus aircraft buysIndigo has entered into a USD 328 million financing agreement with Citi for purchasing eight Airbus planes. This marks the first aviation f...- Bajaj Finserv to rope in ex-GIC re chief for reinsurance ventureBajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re bri...
- ED probes TMC's ₹5.22 crore advance for aviation servicesThe Enforcement Directorate is examining advance payments made by Trinamool Congress for future aviation services. These payments total ₹5....
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- TMC paid Rs 160 crore to aviation firm, related entities for jet and helicopter: EDThe Enforcement Directorate is investigating Rs 160 crore transferred from TMC accounts to an aviation firm. This probe includes Rs 82.96 c...
- Centre scraps TDS on aircraft lease rentals at IFSCsA significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...
- Akasa Air establishes aircraft leasing unit at GIFT City, boosting India's aviation finance hubAkasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to kee...
- India plans more incentives for aircraft leasing in GIFT CityIndia plans to extend the tax holiday for aircraft leasing firms in GIFT City to 15 years, aiming to capture a larger share of the global m...
- Air India arm gets USD 215 mn loan from StanChart, BoI for financing 6 Boeing planesIn a landmark move, Standard Chartered and Bank of India have injected a substantial USD 215 million into AI Fleet Services IFSC Limited, t...
- GIFT City unlocks $5-bn opportunity annually for domestic aviation industry: Union Minister Rammohan NaiduCivil Aviation Minister K Ramamohan Naidu says GIFT City provides a significant boost to the Indian aviation sector. It unlocks a USD 5 bil...
- InterGlobe Aviation to extend USD 43 mln loan to IFSC subsidiaryIndiGo's parent company is set to provide a substantial loan to its subsidiary. The loan amounts to USD 43 million. This funding will enabl...
- Akasa Air partners with Rolls-Royce for engine leasing dealIn a strategic move to bolster its operational efficiency, Akasa Air has entered into a partnership with Rolls-Royce & Partners Finance Eng...
- Forex settlement next step by GIFT to onshore what's offshoreGIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. S...
- Adani Ports and SEZ incorporates new co Udanvat involved in owning and leasing aircraftAdani Ports and Special Economic Zone Limited (APSEZL) has formed a subsidiary called Udanvat Leasing IFSC Limited, which will be engaged i...
- IFSCA to come out with norms to help regulated entities settle payments instantly: Chairman"We are coming up with payments regulations shortly, maybe in the next few months. This will enable regulated entities to provide these ser...
- IndiGo, Air India to set up leasing units at GIFT CityIndiGo will invest Rs 30 crore in its leasing unit and issue a corporate guarantee of up to $996 million. Air India has already established...
- 37 cos set up units at IFSC in last six monthsThe centre, which offers competitive incentives such as tax holidays and lower overhead costs to companies setting up offices there, has ad...
- Record surge in corporates setting up shops at IFSC, GIFT CityIt has added as much as 37 business units since October in several segments covering the capital market which includes Truebeacon, Kedaara ...
- Budget 2021: Local aircraft leasing takes off with concessions to aircraft leasing companies“The proposal sits well with India’s desire to develop a local aircraft leasing and financing industry to accelerate the maturity and ‘Atma...
- India plans aircraft leasing company at GIFT City to counter Chinese dominanceThe finance ministry classified aircraft leasing as a financial activity last week, a step that allows IFSC entities to provide such servic...
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