Akasa Air announces establishment of entity at GIFT City, Gandhinagar

Akasa Air, India’s fastest growing airline, today announced the establishment of its entity, Akasa Air Leasing IFSC Private Limited (AALI), at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This marks a strategic milestone in strengthening the airline’s aircraft financing and leasing capabilities.

New Entity at GIFT City
- Akasa Air has set up Akasa Air Leasing IFSC Private Limited (AALI) at GIFT City, Gandhinagar.
- Purpose: strengthen aircraft financing and leasing capabilities.
- This entity will support fleet expansion and provide access to global capital markets.

Strategic Importance
- Aligned with the Government of India’s vision to make GIFT City a hub for aircraft leasing and financing.
- AALI is expected to finance a majority of Akasa’s aircraft over time, enhancing onshore leasing capabilities.
- Builds deeper partnerships with global lessors and improves cost efficiency.

Leadership Statement
Priya Mehra, Chief of Governance & Strategic Acquisitions, said the GIFT City entity is a “key enabler of Akasa Air’s next phase of growth,” allowing access to capital more efficiently and supporting fleet expansion at scale.

Akasa Air Today
- Serving 26 domestic and 7 international cities (including Doha, Jeddah, Riyadh, Abu Dhabi, Kuwait City, Phuket, Hanoi).
- Over 27 million passengers since launch in August 2022.
- Operating 38 Boeing 737 MAX aircraft, with a firm order of 226 more.
- Known for on-time performance, customer service, and having one of the youngest, greenest fleets in India.

This move signals Akasa’s ambition to scale aggressively while embedding itself in India’s emerging aviation finance ecosystem.