08
Mar
A Landmark Deal with Air India, Paving the Way for Homegrown Aviation Finance Solutions Chandigarh: Axis Bank, one of the largest private sector banks in India, has become the first Indian bank to execute an aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. The landmark deal was completed for AI Fleet Services Ltd (AIFS), the leasing arm and wholly owned subsidiary of Air India (a Tata Group Company). This milestone marks a major breakthrough in India’s aviation finance sector, traditionally dominated by multinational banks, and reinforces GIFT City’s role as an emerging hub for aircraft leasing…