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Axis Bank finances Air India's 34 training aircraft from GIFT City branch

Indian-GRAPEVINE-axis-bank-finances-air-indias-34-training-aircraft-from-gift-city-branch

Published 08 Mar, 2025

By Staff Reporter

Axis Bank on Friday announced that Air India has borrowed from its GIFT City branch to buy 34 training aircraft.

This is the maiden aircraft financing transaction carried out by a bank from the GIFT City IFSC and paves the way for homegrown aviation finance solutions in the sector, according to a company statement.

Air India's wholly-owned subsidiary and leasing arm 'AI Fleet Services' has borrowed the unspecified amount of funds in USD for a long tenor from the lender for the training aircraft buy, it said.



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