Vistara's milestone - 2 aircraft financed in GIFT City
AVIATION & AIRPORTS

Vistara's milestone - 2 aircraft financed in GIFT City

The story reported a significant development in GIFT City's efforts to position itself as the preferred destination for Indian carriers seeking aircraft leasing and financing. According to the information provided, Tata Group's Vistara secured financing for two Airbus A320neos from GIFT City, marking a notable step in the city's endeavor. Previously, entities such as Air India had leased aircraft from GIFT City. Vistara's action represents one of the initial instances of an Indian carrier securing aircraft financing from the city.

Watson Farley & Williams (WFW) provided counsel to Standard Chartered regarding the financing of the two A320neos. An official stated that this financing was structured uniquely through Gujarat International Finance Tec-City (GIFT City), utilizing an entity not wholly owned by the airline. The official described this transaction as a landmark in commercial aircraft finance structured through GIFT City.

Richard Williams, a Partner leading the WFW Singapore Aviation team, expressed gratitude for the opportunity to advise Standard Chartered as lender counsel and collaborate with the Vistara team on this significant transaction. He emphasized WFW's dedication to supporting aviation in India and providing expertise for its expansion.

GIFT City, India's inaugural operational greenfield smart city and international financial services center, aims to localize the financing and leasing of aircraft for Indian airlines, diverting such business from foreign jurisdictions like Ireland and Singapore. Companies like Air India, IndiGo, and the Adani Group have established specialized entities within GIFT City for this purpose.

The story reported a significant development in GIFT City's efforts to position itself as the preferred destination for Indian carriers seeking aircraft leasing and financing. According to the information provided, Tata Group's Vistara secured financing for two Airbus A320neos from GIFT City, marking a notable step in the city's endeavor. Previously, entities such as Air India had leased aircraft from GIFT City. Vistara's action represents one of the initial instances of an Indian carrier securing aircraft financing from the city. Watson Farley & Williams (WFW) provided counsel to Standard Chartered regarding the financing of the two A320neos. An official stated that this financing was structured uniquely through Gujarat International Finance Tec-City (GIFT City), utilizing an entity not wholly owned by the airline. The official described this transaction as a landmark in commercial aircraft finance structured through GIFT City. Richard Williams, a Partner leading the WFW Singapore Aviation team, expressed gratitude for the opportunity to advise Standard Chartered as lender counsel and collaborate with the Vistara team on this significant transaction. He emphasized WFW's dedication to supporting aviation in India and providing expertise for its expansion. GIFT City, India's inaugural operational greenfield smart city and international financial services center, aims to localize the financing and leasing of aircraft for Indian airlines, diverting such business from foreign jurisdictions like Ireland and Singapore. Companies like Air India, IndiGo, and the Adani Group have established specialized entities within GIFT City for this purpose.

Next Story
Infrastructure Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000