New Delhi: Marking the significant day in the history of the Indian aviation industry, GIFT city-based Vman Aviation has signed the first aircraft purchase agreement with Airbus Helicopters on Wednesday. The agreement has been signed for the purchase of one helicopter under the government’s Atmanirbhar Bharat Abhiyan.
Ministry of Civil Aviation (MoCA) 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, New Delhi. Vman’s Chief Executive Officer (CEO) Vishok Mansingh and Airbus India's President and Managing Director (South Asia Region) Remi Maillard signed the agreement. Airports Authority of India (AAI) Chairman Sanjeev Kumar and MoCA’s Joint 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. This is a new business segment coming to India and the government of India shall continue to provide all possible help to promote leasing activities in India under the Atmanirbhar Bharat Abhiyan.”
Under the Atman Nirbhar 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.
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)