Four entities show interest to set up leasing shops in GIFT city

Besides, SpiceJet plans to lease seaplanes from India; Hindustan Aeronautics will explore channelising lease agreement--being discussed with Alliance Air for two Dornier aircraft--through IFSC

Ireland's Acumen Aviation, India-based Vman Aero, financing services company Investec and business charter operator JetSetGo have shown an interest in starting aircraft leasing business at the GIFT City.

Apart from that, low-cost airline SpiceJet plans to lease seaplanes from India and Hindustan Aeronautics Limited will explore the possibility of channelising a lease agreement--being discussed with Alliance Air for two Dornier aircraft--through the IFSC.

"India must leverage its growing air traffic to establish a robust aircraft leasing industry, which would finance new aircraft deliveries through its own policies and products," said civil aviation minister Hardeep Singh Puri.

Civil aviation secretary Pradeep