Air India leases plane from GIFT City – Newz9

NEW DELHI: Air India has turn out to be the primary scheduled desi airline to have acquired an plane – a widebody Airbus A350 – from an entity registered in Gujarat International Finance Tec-City (GIFT City). This A350-900 is the primary widebody plane to have been leased via India’s first International Financial Services Centre (IFSC) by way of a finance lease transaction with HSBC.
The transaction was facilitated by AI Fleet Services Limited (AIFS), a 100% subsidiary of Air India, and a GIFT IFSC-registered finance firm.