💨 Abstract

India is developing an aircraft leasing ecosystem, with the Gift City in Gujarat having leased out 200 planes to companies. The government is committed to promoting competition in the sector to lower air fares, and is working on reducing aircraft leasing costs through the Capetown Convention. The aviation market is open, and the government encourages more airlines to operate in India, with the UDAN scheme attracting smaller airlines.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖