Adani Launches Udanvat Leasing at GIFT City

A Bold Step into Aviation Finance

Adani Ports and Special Economic Zone (APSEZ), a logistics leader in India, has entered the aircraft leasing sector. The company introduced its new venture, Udanvat Leasing IFSC Unit, in Gujarat’s financial hub — GIFT City.

This launch was shared through filings on both the Bombay Stock Exchange and the National Stock Exchange.

Udanvat Finds a Home in GIFT City

Udanvat was officially registered on October 23, 2023. It’s based in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The unit is fully owned by the Adani Group and has been added to their growing portfolio in aviation.

Adani’s Growing Presence in Aviation

Adani already manages seven airports across India, including Mumbai, Ahmedabad, and Jaipur. This strong presence gives the company deep insights into the aviation ecosystem. With Udanvat, Adani now steps into aircraft leasing, offering tailored services for both Indian and global airlines.

Meeting India’s Rising Demand

India’s aviation industry is expanding fast. Airlines are seeking modern aircraft to meet growing passenger needs. Udanvat will offer leasing options to help these airlines scale up quickly. It’s a smart move that creates a fresh stream of income for Adani.

Why GIFT City Was the Perfect Pick

A Hub Built for Global Finance

GIFT City is India’s first and only International Financial Services Centre (IFSC). It offers tax benefits, modern infrastructure, and a business-friendly climate. These features make it an ideal base for aviation leasing.

Tapping Into Market Momentum

This venture fits into Adani’s plan to diversify and grow. Aircraft leasing has become a major opportunity in India. Regional connectivity is improving, and airlines are expanding. Adani wants to lead this shift by offering flexible leasing services from a trusted brand.

GIFT City’s Role in Aviation’s Future

GIFT City is pushing India closer to global aviation hubs like Dublin and Singapore. In September 2023, Air India leased an Airbus A350-900 through HSBC using GIFT City’s platform. IndiGo is also considering a similar lease, with financial backing from the Bank of China.

The Bottom Line

Adani’s entry into aircraft leasing through Udanvat is a powerful move. It opens new doors for the company while fueling India’s aviation growth. The venture will bring jobs, attract global investors, and boost GIFT City’s importance.

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