Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - ModAir leased the first Aircraft to FTO through GIFT CITY
    Business

    ModAir leased the first Aircraft to FTO through GIFT CITY

    PNN Online DeskBy PNN Online DeskJuly 22, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Mumbai, July 22: ModAir, an entity registered in GIFT City, Gandhi Nagar, Gujarat, as an aircraft leasing company, leased out its first aircraft, which is an Italian trainer twin engine Aircraft (Tecnam), to a flight training academy in Jalgaon, Maharashtra through a lease of IFSC city, Ahmedabad. This is the first time a trainer aircraft has been leased in India to an FTO. ModAir has set a benchmark in Indian Aviation by leasing an aircraft which will be helpful for the aspiring pilots of our country.

    The aircraft was brought from Jalgaon and towed into the Air India MRO at MIHAN SEZ after landing at Nagpur’s Dr. Babasaheb Ambedkar International Airport. Parking and warehouse services were provided by Air India MRO

    Atul Jain, Managing Director of Mod Air, said, “The Company plans to bring 20 more trainer aircraft by the end of 2025 through GIFT CITY. We are happy to lease the aircraft to a Flying Training Organisation through GIFT CITY for the first time in the country. With this initiative, we want to ensure that leasing of aircraft to FTOs becomes achievable in India. Flight training in India can take up to three years to finish, while in international schools 8 – 12 months. An absence of flying machines also hinders potential training. Flight schools often finance the purchase of new airplanes for their training fleet. Leasing can improve a flight training operator’s cash flow situation by allowing them to continue modernisation with technologically advanced aircraft even in challenging economic times. We are ready to help to lease more aircraft to FTOs to make this model successful under AtmaNirbhar Bharat.”

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Atul Jain GIFT CITY ModAir
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    PNN Online Desk
    • Website

    Related Posts

    AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!

    June 28, 2025

    CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025

    June 28, 2025

    Eternia: Spacious Residences For Grand Living

    June 28, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!
    • CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025
    • Eternia: Spacious Residences For Grand Living
    • Debut book The Liar’s Guide by Sanjay Shukla explores the humour and psychology behind everyday lies
    • Dr. Vikas Singhal Honored with Bharat Shri Award 2025 for Advancing Evidence-Based Homeopathic Practice

    AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!

    June 28, 2025

    CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025

    June 28, 2025

    Eternia: Spacious Residences For Grand Living

    June 28, 2025

    Debut book The Liar’s Guide by Sanjay Shukla explores the humour and psychology behind everyday lies

    June 28, 2025

    Dr. Vikas Singhal Honored with Bharat Shri Award 2025 for Advancing Evidence-Based Homeopathic Practice

    June 28, 2025

    Cambridge Schools Introduce Career Readiness Programs, Redefining Summer Learning

    June 28, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.