GIFT City emerges as int'l aircraft, ship-leasing hub

IndiGo allocates Rs 7,200cr for leasing; 303 assets leased so far

- Ahmedabad Mirror Bureau

GIFT City is emerging as one of the world's latest aircraft and ship leasing hubs, with several Indian companies starting their leasing operations from here.

Officials estimate that nearly 3,000 assets will be leased from GIFT City in the next few years.

Many Indian airline companies have shifted their base from Ireland to GIFT City. So far, 303 assets have been leased, including 134 aircraft, 84 engines, and 85 APUs.