Air India and Indigo launch aircraft leasing companies

05 Sep 2023 CW Team

Aircraft leasing in India is poised for growth, as major airlines like IndiGo and Tata Group's Air India gear up to establish wholly-owned leasing subsidiaries. IndiGo, with nearly 1,000 aircraft on order for delivery by 2035, announced its intention to create a subsidiary at IFSC Gift City for leasing purposes. Similarly, Air India, with 470 planes on order, has already set up a leasing unit at IFSC Gift City, making it the first Indian carrier to do so. The move aligns with the Indian government's efforts to encourage local leasing of aircraft rather than relying on traditional leasing hubs in countries like Ireland or Singapore.

In a BSE filing, IndiGo disclosed its plans to invest up to Rs 300 million in its subsidiary for aviation asset financing and issue corporate guarantees of up to $996 million to secure payment obligations. IFSC Gift City, a global financial services hub developed by the Narendra Modi government, is facilitating this shift in aircraft leasing dynamics.

Additionally, IndiGo announced its board's approval to order 10 more A320 Neo aircraft from Airbus, as part of the original 300 aircraft order placed in 2019."

Resources

11 May 2026

Hindustan Zinc Joins Dow Jones ESG Index

Hindustan Zinc has been included in the Dow Jones Best-in-Class Index 2026 for Emerging Markets following the latest index rebalance by S&P Dow Jones Indices. The inclusion marks the company’s first entry into the global ESG benchmark index.Formerly known as the Dow Jones Sustainability Index, the benchmark tracks companies demonstrating strong environmental, social and governance (ESG) performance across global markets. Hindustan Zinc is among only 25 Indian companies included in the emerging markets index and one of only two companies from India’s metals and mining sector.The company..

Carlton London Enters Furniture Market with EBG Group

Carlton London has entered India’s furniture market through a partnership with EBG Group, launching Carlton Luxury Furniture with a focus on sustainable and long-life home interiors. The venture plans to open 600 franchise-led showrooms across 300 cities over the next five years through a partner-driven expansion model. The company expects the rollout to generate investments of Rs 18-20 billion from franchise stakeholders and create over 12,000 jobs across the country. The brand said the initiative will focus on sustainability-led furniture manufacturing, targeting a reduction of around 16..

BirlaNu Opens First Vijayawada Experience Centre

BirlaNu, part of the CKA Birla Group, has launched its first Experience Centre in Vijayawada, Andhra Pradesh, marking a strategic expansion in South India.Located at Mahatma Gandhi Road, Governorpet, the centre showcases BirlaNu’s portfolio across walls, floors, pipes, putty and construction chemicals through simulated real-world application displays. The format allows customers, contractors and architects to directly evaluate products before specification or purchase.The company said the initiative addresses a long-standing gap in the building materials sector, where purchasing decisions ar..