New Delhi, 07th July 2021:
In a landmark event in Indian aviation, GIFT city based Vman Aviation signed first aircraft purchase order with Airbus Helicopetrs. The aggreemnt was signed at MoCA HeadQuarter located at Rajiv Gandhi Bhawan, New Delhi. Vman Aviation is aircarft leasing company based out of GIFT city (Gujarat International Finance Tec) under the Atmanirbhar Bharat Abhiyan of the Government of India.
Pradeep Singh Kharola, Secretary, Ministry of Civil Aviation (MOCA) presided over the signing of the purchase agreement between Vishok Mansingh, CEO, Vman Aviation and Remi Maillard, President, Airbus India and Managing Director, South Asia Region,Airbus Helicopters SAS (Marignane, France). Also present were Sanjeev Kumar, Chairman AAI and Amber Dubey, Joint Secretary, MoCA along with other senior officials were present during the signing agreement.
Pradeep Singh Kharola, Secretary, MoCA said, “The aircraft purchase signing is a landmark event in the Indian aviation history. This agreement is the result of the efforts put in for the last 4-5 years to create a viable leasing & financing ecosystem in the country. This is a new business segment coming to India and the Government of India shall continue to provide all possible help to promote leasing activities in India under the Atmanirbhar Bharat Abhiyan.”
Under the Atman Nirbhar Abhiyan, GIFT IFSC, with various incentives from the government of India and low set up costs, has become very attractive for lessors. They can leverage the fast growing civil and military aviation market in India and abroad.
GIFT City has made its global mark by being named among the top three emerging business hubs in the world. Based near Ahmedabad, the GIFT city was ranked third in the list of the GFCI report, which has highlighted 15 centres that are likely to become more significant in the next few years.
