ModAir Aviation announces induction of another Diamond DA42 aircraft

ModAir Aviation is proud to announce the induction of the third aircraft under its wings after Tecnam P2006T & Diamond DA40. This inducted airplane is Diamond DA42, a twin-engine, four-seater aircraft that touchdown at Delhi. The import of this aircraft is facilitated under the guidelines of IFSC – GIFT City. This aircraft would be leased to an upcoming FTO preparing to commence operations in Madhya Pradesh. Towards the end of August 2023, the Company would be inducting the fourth aircraft under their kitty, ready for another lease in the Indian Aviation Industry.

ModAir Aviation is poised to take the leading position amongst the Leasing Companies of India through IFSC GIFT City Gandhinagar, Gujarat. This aircraft category shall be used to impart CPL training to budding aspirants, eventually supporting the Aviation Industry of India. Commercial and Non-Scheduled Aviation has witnessed tremendous growth over the years, especially the fastest recovery of the industry post-covid era.

Atul Jain, Director ModAir Aviation said "We are delighted to welcome the third aircraft under our Company. ModAir Aviation is probably the Number 1 Leasing Company based at the IFSC unit at GIFT City. With this induction, the homegrown - Indian Trained Pilot community gets a boost and supports the Skill Development initiative of the Government of India. Next month, we would be inducting our fourth aircraft. The Company's concentration is on the Fight Training category of Aircraft for the Indian market by Importing, Finance and Leasing aircraft to various FTO – Flight Training Organisations in India."

Ashish Jaiswal, Chief Executive Officer, ModAir Aviation added "Induction of aircraft through GIFT City is providing a great impetus to the Aviation Industry in India. Leasing companies around the globe have always benefitted in past for such inductions. Infrastructure enhancements of Airports and Development of Facilities like IFSC, GIFT City is now offering greater ease of doing business with benefits & processes of international standards. We are extremely delighted with this third induction and we foresee adding another 3-4 aircraft by the end of this fiscal year 2022-23, taking the total count to 7 aircraft under our Company."