News Regulations22 Jun 2018

India:Govt moves to facilitate aircraft finance by insurers

22 Jun 2018

India's government plans to remove the constraints banks and financiers face in supporting the acquisition and leasing of aircraft, in hopes that pension funds and insurance companies would participate in the financing of aircraft.

There is an estimated $5 billion annual lease revenue opportunity for pension funds and insurers as Indian airlines have placed orders for 900 aircraft worth over $45 billion, reports Aviator.

Current barriers outlined by the government are high tax rates, levying of GST at multiple points of transactions, and General Anti-avoidance Rules.


 

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