Airlines
India Lowers Entry Barriers for New Domestic Lessors
Companies operating out of the Gujarat International Finance Tec (GIFT) City will now enjoy tax incentives to lease aircraft to Indian airlines.

As Indian aviation looks to reestablish pre-pandemic growth patterns once the Covid-19 crisis subsides, the country’s finance minister, Nirmala Sitharaman, has revealed plans to offer further incentives to aircraft leasing companies operating out of Gujarat International Finance Tec (GIFT) City in the western state of Gujarat. The move will grant Indian carriers tax exemptions for leasing aircraft from those lessors, and aircraft leasing companies will get a tax holiday on their capital gains.


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