Akasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City, joining Indian carriers shifting financing structures to the country’s emerging aviation finance hub. The move comes as airlines secure capital for fleet expansion and New Delhi pushes to retain leasing business routed through overseas centres.
The airline on Friday said it had incorporated Akasa Air Leasing IFSC Pvt Ltd at GIFT City in Gandhinagar. The unit will support aircraft financing and leasing activities and eventually finance a majority of Akasa’s fleet. Aircraft leasing allows airlines to add planes to their fleets without buying the aircraft outright.
Akasa joins Air India and IndiGo in establishing leasing structures at GIFT City, part of the government’s effort to build a domestic aircraft financing ecosystem and reduce reliance on hubs such as Ireland and Singapore.
“GIFT City is a key enabler of Akasa Air’s next phase of growth,” Priya Mehra, chief of governance and strategic acquisitions at Akasa Air, said in a statement.
08/05/2026 Economic Times
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