IFSCA Regulations, Framework & Guidelines for Aircraft leasing

Notification/ circular number Date Regulation, Framework & Guidelines Number Date Type View
1 Framework for Aircraft Lease, updated as on November 15, 2023. F. No. 172/IFSCA/Finance Company Regulations/2022-23/01 15/11/2023 Circular  
2 Amendment to the IFSCA circular titled 'Framework for Aircraft Lease' - Enabling lease of Aviation training simulation devices F. No. 172/IFSCA/Finance Company Regulations/2022-23/003 26/04/2023 Circular  
3 Utilisation of office space or manpower or both by entities undertaking aircraft leasing activity in the IFSC F. No. 535/IFSCA/FC/ALF/2023-24/02 18/04/2023 Circular  
4 Enabling operating lease, including an hybrid of operating and financial lease, in respect of ‘Aviation training simulation devices’, as a financial product. CG-GJ-E-13042023-245158 11/04/2023 Notification  
5 Corrigendum to aircraft ground support equipment as financial products CG-DL-E-29042022-235432 27/04/2022 Notification  
6 IFSCA Specifies Aircraft Ground Support Equipment as Financial Product CG-DL-E-13042022-235125 12/04/2022 Notification  

Notifications and Circulars issued by other Ministries and Govt. Organisations

Sr. No. Proposed title Issuing Authority Notification/ circular number Date Type View
1 CAR Section 2 - Airworthiness Series - F Part VII Issue II regarding Special Flight Permits Office of the Director General of Civil Avaition F. No. 11-690/CAR/F-Part/VIl/2006-Al(2) 12/04/2024 Circular  
2 An exemption from applicability of provisions of the Insolvency and Bankruptcy Code, 2016... Ministry of Corporate Affairs CG-DL-E-04102023-249132 03/10/2023 Notification  
3 The Department of Commerce introduced Rule 29A enabling import, acquisition, supply and export of aircraft... Ministry of Commerce and Industry CG-DL-E-04102022-239329 03/10/2023 Notification  
4 DGCA exempted IFSC-based Aircraft leasing units from approval/NOC for import/acquisition of Aircraft Directorate General of Civil Aviation (DGCA) Air Transport Circular No. 02/2017 19/09/2022 Circular  
5 Notification enabling Operating lease including any hybrid of operating and financial lease... Department of Economic Affairs, Ministry of Finance CG-DL-E-14122021-231860 14/12/2021 Notification  
6 (DGFT) permitted the import of Aircraft by IFSC based Aircraft leasing entity under its Import Policy Directorate General of Foreign Trade (DGFT) CG-DL-E-31082021-229320 31/08/2021 Notification  
7 Aircraft Leases Classified as Financial Products Under IFSC Act, 2019 Department of Economic Affairs, Ministry of Finance CG-DL-E-16102020-222516 16/10/2020 Notification  
8 CAR Section 2 - Airworthiness Series - F Part I Issue II regarding Registration/De-registration of aircraft Office of the Director General of Civil Avaition File No. 11-690/Sec-2/F-I/2008-AI(2) 13/06/2017 Circular  

Forms for Aircraft leasing

Sr. No. Proposed title Issuing Authority View
1 IFSCA Aircraft leasing framework along with Application form IFSCA  

Frequently Asked Questions - FAQs

Sr. No. Proposed title   View
1 Frequently Asked Questions (FAQs) On Finance Company / Finance Unit IFSCA  

Statistics

Sr. No. Proposed title Date View
1 Statistics for Aircraft leasing activities in GIFT IFSC as on May 31, 2023 31/03/2024  

List of Registered Entities

Sr. No. Proposed title Date View
1 List of Registered Aircraft leasing Entities with IFSCA 31/03/2024  

Should you have any queries on issues related to fund management, market participants and other stakeholders should not hesitate to write to Dr. Dipesh Shah (Executive Director, IFSCA) at dipesh.shah@ifsca.gov.in or call on 079-61809800

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