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By Cirium2021-03-02T02:52:00+00:00 Indian carriers have found leasing aircraft to be more convenient than financing them by other means, a former chairman of flag carrier Air India has told an industry conference. “Financing of aircraft, the airlines have found the lease financing to be the most suitable option,” said Pradeep Singh Kharola, secretary at the ministry of civil aviation, on 26 February. “Leasing is an efficient means to fulfil short-term capacity requirements without burning the balance sheet of the airlines.” Source: Boeing Kharola, who was speaking at the Indian Aircraft Leasing Summit, added that from about 700 at present, the total number of aircraft in India was set to increase to about 1,200 in the next few years. These will include freighter aircraft, of which six were added to Indian carriers’ fleets last year to make a total of 25 in the country today.

Pradeep singh kharolaArun jaitleyVishok mansinghAir india expressInternational financial services centreJetsetgo aviation servicesAir indiaGujarat international finance tecVman aero servicesKingfisher airlinesIndian aircraft leasing summitGujarat international finance tec cityAcumen aviationVman aeroப்ரதீப் சிங் காரொளாஅருண் ஜெய்ட்லி