Akasa sets up leasing unit in GIFT City, Gandhinagar

NEW DELHI: Akasa Air has set up its leasing unit at Gujarat International Finance Tec-City (GIFT City), Gandhinagar — Akasa Air Leasing IFSC Pvt Ltd (AALI) — to support its fleet expansion. “Leveraging the benefits of the GIFT City framework, AALI is expected to finance a majority of the airline’s aircraft over time while strengthening onshore leasing capabilities,” the airline said in a statement.The leasing arm will “play a pivotal role in advancing the airline’s aircraft financing strategy, enabling greater flexibility, cost efficiency, and enhanced access to global capital markets,” the statement added. AALI is a wholly owned subsidiary of SNV Aviation Private Limited.Akasa Air’s chief of governance and strategic acquisitions, Priya Mehra said: “The GIFT City entity is a key enabler of Akasa Air’s next phase of growth, strengthening our aircraft financing strategy and positioning us to access global capital more efficiently. It allows us to build deeper, long-term partnerships with leading lessors while supporting our fleet expansion at scale. We appreciate the enabling ecosystem created by the Government of India and remain committed to contributing to the evolution of GIFT city as global aviation financing hub. We also sincerely thank our leasing partners for their trust and collaboration as we take this important step.”