National, 08 May 2026: Akasa Air, India’s fastest growing airline, today announced the establishment of its entity, Akasa Air Leasing IFSC Private Limited (AALI), at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This marks a strategic milestone in strengthening the airline’s aircraft financing and leasing capabilities.
The AALI office at GIFT City will serve as a dedicated platform to support Akasa Air’s fleet expansion and long term growth plans. It will play a pivotal role in advancing the airline’s aircraft financing strategy, enabling greater flexibility, cost efficiency, and enhanced access to global capital markets.
Aligned with the Government of India’s vision to create a world-class ecosystem for aircraft leasing and financing through GIFT City, AALI, upon commencement of operations, will provide aircraft leasing and financing solutions to Akasa Air. Leveraging the benefits of the GIFT City framework, AALI is expected to finance a majority of the airline’s aircraft over time while strengthening onshore leasing capabilities.
Priya Mehra, Chief of Governance & Strategic Acquisitions, Akasa Air, said, “The GIFT City entity is a key enabler of Akasa Air’s next phase of growth, strengthening our aircraft financing strategy and positioning us to access global capital more efficiently. It allows us to build deeper, long-term partnerships with leading lessors while supporting our fleet expansion at scale. We appreciate the enabling ecosystem created by the Government of India and remain committed to contributing to the evolution of GIFT city as global aviation financing hub. We also sincerely thank our leasing partners for their trust and collaboration as we take this important step.”
This move strengthens Akasa Air’s long-term growth strategy by deepening global lessor partnerships and enhancing operational agility as it scales its fleet and network.
About Akasa Air Leasing IFSC Private Limited (AALI):
AALI is a wholly owned subsidiary of SNV Aviation Private Limited.
About Akasa Air:
Akasa Air is India’s most dependable airline, offering warm and efficient customer service, reliable operations, and affordable fares – all in the Akasa Way. Akasa’s youthful personality, employee-centric philosophy, tech led approach, and culture of service make this commitment a reality for all Indians.
Akasa Air’s consistent on-time leadership, operational efficiencies and extremely positive customer feedback have made it a preferred carrier in India, serving over 27 million passengers since its launch in August 2022. Akasa Air currently connects with 26 domestic and seven international cities, namely Mumbai, Ahmedabad, Bengaluru, Chennai, Kochi, Delhi, Guwahati, Agartala, Pune, Lucknow, Goa, Hyderabad, Varanasi, Bagdogra, Bhubaneswar, Kolkata, Sri Vijaya Puram, Ayodhya, Gwalior, Srinagar, Prayagraj, Gorakhpur, Darbhanga, Kozhikode, Navi Mumbai, Dibrugarh, Doha (Qatar), Jeddah, Riyadh (Kingdom of Saudi Arabia), Abu Dhabi (UAE), Kuwait City (Kuwait), Phuket (Thailand) and Hanoi (Vietnam).
With a clear focus on sustained, long-term growth, Akasa Air has placed a firm order of 226 Boeing 737 MAX airplanes, powered by CFM fuel-efficient LEAP-1B engines. It currently operates 38 737 MAX aircraft, which deliver superior efficiency in reducing fuel use and carbon emissions. The aircraft also has a quieter cabin with 40 per cent less noise, fulfilling the airline’s promise of being an environmentally progressive company with the youngest and greenest fleet in the Indian skies.
For more information, visit www.akasaair.com
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