Atmanirbhar Bharat Push: First Aircraft Purchase Deal Signed Between Vman Aviation And Airbus Helicopters

In a boost to Atmanirbhar Bharat initiatives of the government, a Gujarat-based leasing company has signed the first aircraft purchase order with the Airbus Helicopters paving the way for increased leasing activities in the country.

According to the Civil Aviation Ministry, today marked another significant day in the history of Indian aviation industry with the signing of the first aircraft purchase order by a GIFT city (Gujarat International Finance Tec) based leasing company under the Atmanirbhar Bharat Abhiyan.

Civil Aviation Secretary Pradeep Singh Kharola presided over the signing of the purchase agreement between Vman Aviation, GIFT City, Gandhinagar and Airbus Helicopters SAS (Marignane, France) in an event held at the Rajiv Gandhi Bhawan.

Vman chief executive officer Vishok Mansingh and Airbus India president Remi Maillard signed the agreement.

Airport Authority of India Chairman Sanjeev Kumar and Civil Aviation Secretary Amber Dubey along with other senior officials were present during the signing agreement.

Congratulating both the companies, Kharola said, “the aircraft purchase signing is a landmark event in the Indian aviation history. This agreement is the result of the efforts put in for the last 4-5 years to create a viable leasing and financing ecosystem in the country."

Kharola further said this is a new business segment coming to India and the government shall continue to provide all possible help to promote leasing activities in the country under the Atmanirbhar Bharat Abhiyan.

Under the Atmanirbhar Abhiyan, GIFT IFSC, with various incentives from the government of India and low set up costs, has become very attractive for lessors. They can leverage the fast-growing civil and military aviation market in India and abroad.