Second India Aircraft Leasing & Financing Summit held at GIFT City, Gandhinagar
On 8 May 2026 the Civil Aviation Ministry, IFSCA and FICCI held the 2nd India Aircraft Leasing and Financing Summit (IALFS 2.0) at GIFT City, Gandhinagar, where Minister Ram Mohan Naidu cited a USD 50 billion leasing opportunity over the coming decade.
Summary
The second India Aircraft Leasing and Financing Summit (IALFS 2.0) was organised by the Ministry of Civil Aviation with the International Financial Services Centres Authority (IFSCA) and FICCI at GIFT City, Gandhinagar, on 8 May 2026, with Gujarat Chief Minister Bhupendra Patel as chief guest. Civil Aviation Minister Ram Mohan Naidu said India's commercial fleet is expected to reach 1,100 aircraft by 2027 and over 2,250 by 2035, with 1,640 aircraft on order, a USD 50 billion leasing opportunity over the next decade. He cited the Protection of Interests in Aircraft Objects (PIAO) Act, 2025, which aligns Indian law with the Cape Town Convention, and the Cabinet's ₹5,000 crore Credit Line Guarantee Scheme for airlines. Air India's leasing arm plans to grow from over 50 to 76 aircraft by March 2027 and IndiGo's from about 75 to nearly 150.
Key facts
- Summit
- IALFS 2.0, GIFT City, Gandhinagar; 8 May 2026
- Organisers
- MoCA, IFSCA, FICCI; first edition in 2025
- Fleet outlook
- 1,100 aircraft by 2027; 2,250+ by 2035; 1,640 on order
- Opportunity
- USD 50 billion for leasing over the next decade
- Reforms
- PIAO Act 2025 (Cape Town Convention); ₹5,000 cr Credit Line Guarantee Scheme
Practice MCQs 3 questions
Where was the second India Aircraft Leasing and Financing Summit (IALFS 2.0) held on 8 May 2026?
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Correct answer: B — GIFT City, Gandhinagar
IALFS 2.0 was held at GIFT City, Gandhinagar, Gujarat, organised by MoCA with IFSCA and FICCI.
The Protection of Interests in Aircraft Objects (PIAO) Act, 2025, cited at IALFS 2.0, aligns India's legal framework with which international convention?
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Correct answer: C — Cape Town Convention
The PIAO Act, 2025 aligns India's legal framework with the Cape Town Convention on interests in aircraft objects.
What is the outlay of the Credit Line Guarantee Scheme for airlines approved by the Union Cabinet, as mentioned at IALFS 2.0 in May 2026?
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Correct answer: D — ₹5,000 crore
Minister Ram Mohan Naidu said the Cabinet approved a Credit Line Guarantee Scheme with an outlay of ₹5,000 crore to ease airlines' liquidity pressures.