Civil Aviation Minister Ram Mohan Naidu chairs High Level Committee on Aircraft Leasing and Financing

Civil Aviation Minister Ram Mohan Naidu chaired the first meeting of the High-Level Committee on Aircraft Leasing and Financing. The committee deliberated on measures to develop a robust and globally competitive aircraft leasing and financing ecosystem in India, discussing taxation, regulatory frameworks, rupee-denominated financing, GAAR applicability, and Double Taxation Avoidance Agreements. The meeting noted that 422 assets have been leased through IFSC and 474 leasing agreements signed. The Union Minister emphasized exploring mechanisms for greater bank credit allocation and joint ventures for technical skill development, aiming to address fleet availability bottlenecks as over 85 percent of Indian carrier fleets are leased.