Aircraft leasing in India is highly regulated. Though various options are available, leasing requires scrutiny from the perspective of the state of registry of the aircraft, import of aircraft and usage. The aircraft leasing manual is quite elaborate on the operational lease arrangements but excludes from its ambit the crucial aspects related to financial or capital lease arrangements. The article hence in this issue of the newsletter intends to explore the various leasing options available and more importantly, the core factors that determine the leasing, its compliance and operations in India.
