JetSetGo imports one other plane into the nation underneath the Direct Leasing Arrangement, ET TravelWorld News, ET TravelWorld

  Picture used for representational purposes only.
Picture used for representational functions solely.

JetSetFleet Management Services IFSC Private, a leasing arm of personal jet and helicopter fleet operator JetSetGo Aviationhas put one other feather in its cap by straight importing an plane, Last 12 months, the corporate straight imported the primary such plane.

The Hawker 800 XP plane, imported from Dubai and leased by way of GIFT City, IFSC, was hauled into the MRO after touchdown at Nagpur airport. Aar Indamer Technics provided storage and parking companies. For leasing, selling MRO, and offering different ancillary companies within the space, the plane was transported into Nagpur SEZ.

The direct import is being hailed as one other milestone within the nation’s NSOP phase after the Ministry of Finance established a framework for Aircraft Leasing and Tax SOPS to shift the leasing enterprise from Ireland or different places to Indian Territories.

To lease out the plane, the corporate is experimenting with a novel financing technique whereby JetSetGo plans on utilizing the ‘pay-as-you-go’ association. Under this mannequin, the corporate will get compensated based mostly on how a lot the plane flies.

JetSetGo Aviation is engaged on an progressive financing mannequin to lease out the plane and intends to make use of the “pay-as-you-go” construction. According to this association, the Company is paid in line with how a lot the plane is flown. Additionally, JetSetGo is investigating revenue-sharing agreements.

Commenting on the event, Kanika Tekriwal, Founder & CEO, JetSetGo Aviation, stated, “This is a momentous moment for us. With the import of another Hawker 800 XP, we are moving forward towards realizing our dream of making the fastest travel between two points possible. Last year when we directly imported our first aircraft, we became the first Indian leasing company to bring an aircraft into the country directly. It is a proud moment for us to rewrite history and import another aircraft. We are thrilled to have been able to directly import aircraft now. This is an important step forward toward putting India on the global aviation map and enabling many industry-firsts going forward. With this initiative, we are setting a new benchmark and ensuring that leasing an aircraft is feasible in India.”

To have fun this landmark growth, the management workforce of JetSetGo and officers of GIFT City had been current throughout the touchdown of the brand new plane. The workforce is working tirelessly to make sure all operational formalities are accomplished on time. The plane will likely be flown to Delhi and will likely be delivered to Indo Pacific Aviation, which is one other arm of JetSetGo aviation to function underneath NSOP.

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