Aircraft leasing goes Atmanirbhar: Airbus Helicopters sign deal with GIFT City-based firm

NEW DELHI: The lucrative business of leasing aircraft by Indian companies — that is almost entirely handled by companies abroad — took the first step towards going desi on Wednesday when an Ahmedabad GIFT City-based firm, Vman Aviation, signed purchase agreement with Airbus Helicopters SAS for H125 choppers.

Vishokh Mansingh, owner of Man Aviation, tweeted: “Vman has ordered Airbus H125 Helicopter. This is the first transaction by the Leasing company based in GIFT City under the new aircraft leasing policy. This will open new opportunities for General Aviation operators to access Aircraft and Helicopters from the local leasing company under the Indian legal and civil regulatory environment at very economical life cycle costs…