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ARTICLE · 28 MAY 2025

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Aircraft Leasing Business In GIFT City: A Quick Guide

Tuli & Co
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Various press reports have highlighted the exponential growth within India's aviation sector.

IndiaFinance and Banking
Saket Satapathy
Saket Satapathy
Anuj Bahukhandi
Anuj Bahukhandi
Priti Singh
Priti Singh
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Introduction

Various press reports1 have highlighted the exponential growth within India's aviation sector. Numbers between 2014 to 2024 indicate that annual air passenger traffic has more than doubled from approximately 10.38 crores to 22.81 crores (ie, 103.8 million to 228.1 million). Concurrently, the number of operational airports has increased from 74 to 159, and the nation's aircraft fleet has expanded from circa 340 to over 840 aircraft. This rapid expansion has historically depended heavily on foreign aircraft lessors, primarily from jurisdictions such as Ireland and Singapore, with estimates indicating that nearly 80% of India's commercial fleet is acquired through leasing arrangements and this trend is expected to persist.

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