Agreement between GIFT and Airbus

On 7 July 2021 the first aircraft purchase order was signed by a GIFT city (Gujarat International Finance Tec) based leasing company under the Atmanirbhar Bharat Abhiyan of the Government of India. Under the Atman Nirbhar Abhiyan, GIFT IFSC, with various incentives from the government of India including a low set up cost, has become very attractive entity for lessors.