First aircraft purchase agreement signed between Vman Aviation & Airbus Helicopters

The first aircraft purchase agreement was signed by Vman Aviation, a GIFT city (Gujarat International Finance Tec) based leasing company and Airbus Helicopters under the Atmanirbhar Bharat Abhiyan of the Government of India.

Pradeep Singh Kharola, Secretary, Ministry of Civil Aviation (MOCA) presided over the signing of the purchase agreement between Vman Aviation, and Airbus Helicopters SAS (Marignane, France) in an event held at New Delhi. Vishok Mansingh, CEO, Vman and. Remi Maillard, President, Airbus India and Managing Director, South Asia region signed the agreement.

Sanjeev Kumar, Chairman AAI and Amber Dubey, Joint Secretary, MoCA along with other senior officials were present during the signing agreement.

Congratulating both the companies, Pradeep Singh Kharola said, “The aircraft purchase signing is a landmark event in the Indian aviation history. This agreement is the result of the efforts put in for the last 4-5 years to create a viable leasing & financing ecosystem in the country. This is a new business segment coming to India and the Government of India shall continue to provide all possible help to promote leasing activities in India under the Atmanirbhar Bharat Abhiyan.”

Under the Atman NirbharAbhiyan, GIFT IFSC, with various incentives from the government of India and low set up costs, has become extremely attractive for lessors.  They can leverage the fast growing civil and military aviation market in India and abroad.

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