Mumbai: Air India Group has paid around $300 million to aircraft lessors through its leasing arm at IFSC Gift City in Gujarat over the past two months, a person familiar with the development said.
The wholly owned subsidiary, AI Fleet Services IFSC (AIFS), manages the group's aircraft leasing operations and is being used to route payments to lessors. "Over the past two months, we've made payments of around $300 million via IFSC GIFT City. The initial payment was of around $50 million and earlier this month, we have made payments worth $250 million. These payments have been made to lessors for aircraft," said a person familiar with the matter.
Air India did not respond to ET's query.
The wholly owned subsidiary, AI Fleet Services IFSC (AIFS), manages the group's aircraft leasing operations and is being used to route payments to lessors.
The wholly owned subsidiary, AI Fleet Services IFSC (AIFS), manages the group's aircraft leasing operations and is being used to route payments to lessors. "Over the past two months, we've made payments of around $300 million via IFSC GIFT City. The initial payment was of around $50 million and earlier this month, we have made payments worth $250 million. These payments have been made to lessors for aircraft," said a person familiar with the matter.
Air India did not respond to ET's query.
The wholly owned subsidiary, AI Fleet Services IFSC (AIFS), manages the group's aircraft leasing operations and is being used to route payments to lessors.
You may also like
No relief for Sean Diddy, Indian-origin judge Arun Subramanian says trial will begin on May 5, no delay
Bengal governor meets Murshidabad victims, NCW flags molestation claims: Top developments
As trade deficit mounts, China says ready to import more premium goods from India; Envoy seeks fair environment for Chinese firms
Olly Murs' wife Amelia pregnant with second child as he shares adorable video
MP: 2 cheetahs to be shifted from Kuno to Gandhi Sagar sanctuary
