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."

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..