You are currently viewing Axis Bank executes aircraft financing deal from GIFT City IFSC unit
Representation image: This image is an artistic interpretation related to the article theme.

Axis Bank executes aircraft financing deal from GIFT City IFSC unit

Axis Bank breaks ground in aircraft financing with historic deal at GIFT City IFSC.

A New Milestone in Indian Banking

Axis Bank has achieved a significant milestone in the Indian banking sector by executing the first aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. This achievement marks a new chapter in the bank’s history and demonstrates its commitment to innovation and risk-taking.

Key Highlights of the Deal

  • The transaction was completed for AI Fleet Services Limited (AIFS), the leasing arm of Air India. The deal was executed through Axis Bank’s International Banking Unit (IBU) at GIFT City IFSC. The transaction is a significant milestone for Axis Bank, marking its entry into the aircraft financing market. ## The Significance of the Deal*

    • The Significance of the Deal

    The aircraft financing transaction is a significant milestone for Axis Bank, marking its entry into the aircraft financing market. This deal demonstrates the bank’s ability to take calculated risks and innovate in the financial sector. The use of GIFT City IFSC as the location for the transaction highlights the city’s growing importance as a financial hub in India.

    Benefits of the Deal

  • The deal provides Axis Bank with a new revenue stream and opportunities for growth. The transaction demonstrates the bank’s ability to adapt to changing market conditions and take advantage of new opportunities. ## The Future of Aircraft Financing in India

    • The Future of Aircraft Financing in India

    The aircraft financing transaction is a significant milestone for the Indian aviation industry, marking the beginning of a new era in aircraft financing.

    The Rise of GIFT City

    GIFT City, short for Gujarat International Finance Tec-City, is a planned financial hub located in the state of Gujarat, India. The city was established in 2015 with the aim of creating a world-class financial center that would attract foreign investment and promote economic growth in the region.

    Key Features of GIFT City

  • Tax Incentives: GIFT City offers a range of tax incentives to attract foreign investors, including a 100% tax holiday for 10 years and a 50% tax holiday for the next 10 years. Regulatory Framework: The city has a streamlined regulatory framework that provides a single-window clearance system, reducing the time and cost associated with setting up a business in India. Infrastructure: GIFT City has invested heavily in infrastructure, including a state-of-the-art airport, a seaport, and a range of other facilities that support business operations. * Skilled Workforce: The city has a skilled workforce, with a range of professionals and experts in fields such as finance, law, and accounting. ### Promoting GIFT City as a Global Aviation Finance Centre**

    • Promoting GIFT City as a Global Aviation Finance Centre

    The Government of India has been actively promoting GIFT City as a strategic alternative to global aviation finance centers.

    This milestone marks a significant achievement for our company, demonstrating our ability to provide innovative financing solutions to our clients.

    AIFS’s Success Story

    AIFS’s success can be attributed to its strategic partnerships with leading automotive manufacturers and suppliers. These partnerships enable AIFS to offer a wide range of financing options to its clients, including leasing and financing solutions for new and used vehicles. Key benefits of AIFS’s partnerships include:

      • Access to a diverse range of vehicles
      • Competitive pricing and terms
      • Enhanced customer experience

        • AIFS’s partnerships also facilitate the development of new financing products and services, such as the “AIFS Advantage” program. This program offers clients exclusive benefits, including:

  • Priority access to new vehicle inventory
  • Special discounts and incentives
  • Dedicated customer support

    • The AIFS Advantage Program

    The AIFS Advantage program is a unique offering that sets AIFS apart from its competitors. This program provides clients with a range of benefits, including:

  • Priority access to new vehicle inventory
  • Special discounts and incentives
  • Dedicated customer support
  • Exclusive access to AIFS’s fleet management services

    • By offering the AIFS Advantage program, AIFS is able to differentiate itself in the market and attract high-value clients.

    Leave a Reply