AZB & Partners Guides Air India's Landmark Aircraft Financing Deal

AZB advises Air India and GIFT subsidiary on first Indian Bank aircraft financing to airline Yet another first in the aviation financing space! AZB & Partners advised Air India Limited and its GIFT City subsidiary, AI Fleet Services, on the first Indian Bank aircraft financing for an Indian airline. With this deal, Axis Bank becomes the first Indian Bank to finance aircraft acquisitions through its IBU in the GIFT City, paving the way for other Indian banks to hopefully follow suit. The financing will enable AI Fleet Services to acquire 34 trainer aircraft for Air India’s upcoming training academy in Amravati. A special shoutout to our dedicated AZB team, led by our Senior Partner Anand Shah, Partner Hufriz Wadia, with support from Senior Associates Rishiraj Baruah, Kshitez Kaushik, and Associate Arya Madhani.