IFSCA Amends Aircraft Lease Framework; Restricts IFSC Lessors From Leasing Solely to Indian Residents
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- By Chetan Kulasri
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- Last Updated on 28 February, 2025
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Circular F. No. 172/IFSCA/Finance Company Regulations/2024-25/02, Dated: 26.02.2025
IFSCA amends the Aircraft Lease framework, restricting IFSC Lessors from acquiring assets that will be solely used by Indian residents. However, exceptions apply where assets are acquired from non-group entities, through sale-leaseback arrangements for first-time imports, or directly from Indian manufacturers. These amendments will take effect immediately.
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