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ARTICLE · 17 MARCH 2025

GIFT City Updates (February 2025)

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Vide Circular bearing number F. No. 172/IFSCA/Finance Company Regulations/2022-23/01 dated 26.02.2025, the IFSCA framework regulates aircraft leasing in IFSCs...

IndiaFinance and Banking
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CIRCULARS

  • IFSCA Amends Aircraft Lease Framework

Vide Circular bearing number F. No. 172/IFSCA/Finance Company Regulations/2022-23/01 dated 26.02.2025, the IFSCA framework regulates aircraft leasing in IFSCs, allowing financial and operating leases for aircraft, ground support equipment, and training simulators. Lessors must register, meet capital requirements, and comply with regulations, including anti-money laundering and reporting obligations. Transactions with Indian residents are restricted, and operations must be conducted in foreign currency, except for administrative expenses.

These amendments aim to boost the Indian aviation sector by encouraging domestic manufacturing and expanding leasing opportunities within GIFT City. CLICK HERE

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