Akasa Air Sets Up Aircraft Financing, Leasing Entity at GIFT City, Gujarat

National: Akasa Air today announced the establishment of its entity, Akasa Air Leasing IFSC Private Limited (AALI), at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This marks a strategic milestone in strengthening the airline’s aircraft financing and leasing capabilities, the company said.

As per the company, the AALI office at GIFT City will serve as a dedicated platform to support Akasa Air’s fleet expansion and long-term growth plans. It 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.

Aligned with the Government of India’s vision to create a world-class ecosystem for aircraft leasing and financing through GIFT City, AALI, upon commencement of operations, will provide aircraft leasing and financing solutions to Akasa Air. 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, a press statement said.

Priya Mehra, Chief of Governance & Strategic Acquisitions, Akasa Air, 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 a global aviation financing hub. We also sincerely thank our leasing partners for their trust and collaboration as we take this important step.” DeshGujarat