After airports, Adani group enters jet leasing business

The Adani group has incorporated an aircraft owning and leasing company in Gujarat’s GIFT City, marking its entry into this business after two of the country’s leading airlines – IndiGo and Air India – formed subsidiaries for the same.

Udanvat Leasing IFSC was incorporated on October 23 by Adani Ports and Special Economic Zone with an authorised and paid-up share capital of `2.5 crore divided into 2.5 million equity shares of `10 each.