The Economic Times

Akasa Air establishes aircraft leasing unit at GIFT City, boosting India's aviation finance hub

Akasa Air has set up an aircraft leasing unit at Gujarat International Finance Tec-City. This move supports fleet expansion and aims to keep leasing business within India. Akasa joins other Indian carriers in utilizing GIFT City. This development is part of India's effort to build a domestic aviation finance ecosystem. The unit will finance a majority of Akasa's fleet.