
Aircraft Leasing and Financing Policy (2021)
The Government of India has promulgated the Aircraft Leasing and Financing Policy (2021) to position India, especially GIFT City (Gujarat International Finance Tec-City), as an aircraft leasing global hub. This was prompted by the realization that more than 80% of India's fleet of aircraft was leased from outside the country, leading to a huge foreign exchange outflow and exposure to foreign jurisdictions in terms of law, such as Ireland and Singapore.






