{"id":601955,"date":"2023-09-05T11:38:16","date_gmt":"2023-09-05T06:08:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=601955"},"modified":"2023-09-05T11:38:16","modified_gmt":"2023-09-05T06:08:16","slug":"after-ai-indigo-to-set-up-leasing-co-in-gift-city","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-ai-indigo-to-set-up-leasing-co-in-gift-city\/","title":{"rendered":"After AI, IndiGo to set up leasing co in Gift City"},"content":{"rendered":"<p>NEW DELHI: Aircraft leasing in India is all set to take off with IndiGo &#8211; which has nearly 1,000 aircraft on order to be delivered by 2035 &#8211; on Monday announcing it will set up a wholly-owned subsidiary at IFSC Gift City to lease them. Tata Group&#8217;s Air India, which has 470 planes on order, has already set up a leasing unit there, becoming the first Indian carrier to do so. AI plans to induct the first six Airbus A350s through this leasing unit called AI Fleet Services IFSC.<\/p>\n<p>In a BSE filing regarding this proposed company being set up for &#8220;financing of aviation assets,&#8221; IndiGo said: &#8220;&#8230; investment upto Rs 30 crore in one or more tranches. Issuing corporate guarantees of upto $996 million (or an equivalent amount in rupees or any other currency) to secure the payment obligations of aforesaid wholly-owned subsidiary.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Aircraft leasing in India is all set to take off with IndiGo &#8211; which has nearly 1,000 aircraft on order to be delivered by 2035 &#8211; on Monday announcing it will set up a wholly-owned subsidiary at IFSC Gift City to lease them. Tata Group&#8217;s Air India, which has 470 planes on order, has already set up a leasing unit there, becoming the first Indian carrier to do so. AI plans to induct the first six Airbus A350s through this leasing unit called AI Fleet Services IFSC. In a BSE filing regarding this proposed company being set up [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-601955","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=601955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=601955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=601955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=601955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}