It was one of those closed-door conferences. In attendance were senior executives from the aircraft leasing industry, insurance firms, startups, consultants, bankers, and airlines. The high-profile congression, chaired by Union aviation minister Ram Mohan Naidu earlier this month in Gandhinagar, Gujarat, had a very specific agenda to discuss – India’s emergence as a global leasing hub centred around Gujarat’s GIFT City. And the prelude was
Business News›Prime›Auto + Aviation›As Indian banks fuel aircraft finance, what can make, or break, the country’s global leasing hub dream
Aviation
As Indian banks fuel aircraft finance, what can make, or break, the country’s global leasing hub dream
Indian banks are starting to dip their toes in aircraft finance with Axis Bank financing Air India planes for the first time.; image credit: visualisation by Sadhana Saxena via AI
Synopsis
India offers an aviation-finance opportunity exceeding USD100 billion over the next decade. While the government has made some key policy moves, and both big banks and airlines have taken some meaningful steps, making India a global leasing hub will have its own set of challenges.
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