Budget 2021: Local aircraft leasing takes off with concessions to aircraft leasing companies

New Delhi: The government’s proposal to provide concessions to aircraft leasing companies may see them shifting to India or local ones coming up.

“The proposal sits well with India’s desire to develop a local aircraft leasing and financing industry to accelerate the maturity and ‘Atmanirbharta’ of the Indian aviation industry,” said Rémi Maillard, MD of Airbus India & South Asia. “Tax support for aircraft leasing and rentals will help grow the fleet size in India as a vast majority of these aircraft will likely be leased.”