Akasa Air has set up an entity at the GIFT City in Gujarat to strengthen its aircraft financing and leasing activities.
The nearly four-year-old carrier has established Akasa Air Leasing IFSC Private Limited (AALI) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar.
In a release on Friday, the airline said AALI office would play a pivotal role in advancing its aircraft financing strategy, enabling greater flexibility, cost efficiency, and enhanced access to global capital markets.
“AALI is expected to finance a majority of the airline’s aircraft over time while strengthening onshore leasing capabilities,” the release said.
Currently, Akasa Air has a fleet of 38 Boeing 737 MAX airplanes. It has placed an order for 226 such aircraft.
Air India and IndiGo also have their aircraft leasing entities in the GIFT City.​Akasa Air has set up an entity at the GIFT City in Gujarat to strengthen its aircraft financing and leasing activities.
The nearly four-year-old carrier has established Akasa Air Leasing IFSC Private Limited (AALI) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar.
In a release on Friday, the airline said AALI office would play a pivotal role in advancing its aircraft financing strategy, enabling greater flexibility, cost efficiency, and enhanced access to global capital markets.
“AALI is expected to finance a majority of the airline’s aircraft over time while strengthening onshore leasing capabilities,” the release said.
Currently, Akasa Air has a fleet of 38 Boeing 737 MAX airplanes. It has placed an order for 226 such aircraft.
Air India and IndiGo also have their aircraft leasing entities in the GIFT City. ​Latest News [ SOBAN NEWS: International and National ]
