India: Aviation

For years, India-linked international financing transactions were routinely structured through offshore jurisdictions such as Singapore, Dubai, Mauritius or London. Whether it involved fund management, aircraft leasing, offshore debt, private credit or cross-border investment platforms, global capital often flowed into India through foreign financial centres rather than through India itself.

India’s civil aviation sector has, over the course of the past several months, found itself at the confluence of a geopolitical shock, a structural tax anomaly, and the most severe operational cost crisis its airlines...

As discussed in our previous article, the Consultation Paper addressed a structural gap in the existing aircraft leasing ecosystem in GIFT City. While aircraft leasing entities could already be established in the IFSC, aircraft ownership, primary financing, transaction structuring and related professional services could continue to remain outside the IFSC.

The decision of the Mumbai Bench of the Income Tax Appellate Tribunal ("ITAT") in Sunflower Aircraft Leasing Limited v. Assistant Commissioner of Income Tax addresses an important...

Some contracts require more than mutual assent, they require regulatory grace. Although Indian aviation contracts, particularly aircraft lease, wet lease, maintenance, and engine support agreements...

Aviation Round -Up 2025.

The Mumbai Bench of the Income-tax Appellate Tribunal (the ‘ITAT') in Sky High Appeal XLIII Leasing Company Limited (‘Taxpayer') delivered a significant ruling in favour of the appellant...

This blog examines the legal and practical challenges arising from the disconnect between India's Insolvency and Bankruptcy Code (IBC) and its commitments under the Cape Town Convention.

Indian space sector has historically been government-controlled, with Indian Space Research Organisation ("ISRO") functioning as the primary driver of all space activities.