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GujaratNation

Atul Jain, founder of ModAir Aviation announced addition of second aircraft to its fleet

by TLAteam December 17, 2022December 17, 2022
written by TLAteam December 17, 2022December 17, 2022
Atul Jain, founder of ModAir Aviation announced addition of second aircraft to its fleet

ModAir Aviation is pleased to announce the addition of the second aircraft to its fleet, following the Tecnam P2006T. This aircraft is a Diamond DA40, a four-seater flight training aircraft that landed in Ahmedabad. The import of this aircraft is made possible by the IFSC – GIFT City guidelines. This aircraft would be leased to a new FTO preparing to launch operations in India’s Madhya Pradesh state. By the end of December 2022, the Company would have received their third aircraft, which would be ready for another lease in the Indian Aviation Industry.

ModAir Aviation is poised to support our Hon’ble Prime Minister’s Vision for Skill Development by importing and leasing flight training aircraft for FTO pilot training, ultimately benefiting the ever-expanding Indian Aviation Sector. The new batch of pilots will be flying for various Scheduled, Non-Scheduled, and RCS Operators for the most concentrated UDAN programme tomorrow (Ude Desh Ka Aam Naagrik).

Atul Jain, Director ModAir Aviation said “We are excited to welcome the second aircraft under our Company. We take pride in supporting our Hon’ble PM’s vision. Very soon we would be inducting our third aircraft. Currently, 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 Organization in India.”

Ashish Jaiswal, Chief Executive Officer, ModAir Aviation said “We extend our sincere thanks to the Government of India & the IFSC Authority for providing the required platform in the form of GIFT City, which surely proved to be a catalyst. Financing & Leasing facility has always been an outcry for the Indian Aviation sector. Earlier this, we used to glare at the facilities of the West, but not anymore now.”

ModAir Aviation IFSC Private Limited is a leading leasing and finance company headquartered in Gandhinagar, Gujarat. ModAir Aviation’s global network allows them to buy, sell, and lease aircraft from all over the world. The company believes in sourcing aircraft at the most competitive prices to allow clients to keep acquisition costs to a bare minimum, allowing them to optimise cash flow and focus on other important cost heads.

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