Atul Jain, founder of ModAir Aviation announces the induction of the second aircraft under its wings

Gandhinagar (Gujarat) [India], December 17: ModAir Aviation is proud to announce the induction of the second aircraft under its wings after Tecnam P2006T. This inducted airplane is Diamond DA40, a flight training four-seater aircraft that touchdown at Ahmedabad. The import of this aircraft is facilitated under the guidelines of IFSC – GIFT City. This aircraft would be leased to an upcoming FTO preparing to commence operations in the Madhya Pradesh state of India. Towards the end of December 2022, the Company would be inducting the third aircraft under their kitty, 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 thru importing and leasing flight training aircraft for FTO for Pilot training, which would eventually benefit the ever-expanding Indian Aviation Sector. The fresh leash of pilots, tomorrow would also be flying for various Scheduled, Non-Scheduled Airline as well as RCS Operators for the most concentrated programme of UDAN (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 added “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 one of the leading Leasing and Finance Companies based out of IFSC GIFT City, Gandhinagar, Gujarat. ModAir Aviation deals in the purchase, sale and leasing of aircraft from across the world thru their worldwide network. The company believes in the sourcing of aircraft at the most competitive deals so as to enable the Clients to keep the cost of acquisition to the bare minimum levels which helps to optimize the cash flow and concentrate on the other essential cost heads.

ModAir Aviation IFSC Private Limited

1631, 16th Floor, Signature Building, Block 13-B, GIFT City, Gujarat, India

Email :

Phone : +91 9311955234

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


Asian Granito Showcases Premium Tile, Marble, and Quartz Collection at iDAC Kolkata

Kolkata (West Bengal) [India], July 22:  Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions has proudly showcased its premium offerings at the 45th edition of the iDAC Intelligence Series held at Raajkutir Rangmanch, Kolkata on 12 July. As an associate partner of the […]

Read More

The Union Budget 2024-25: Key Expectations and Impact on the Mutual Funds Sector

New Delhi (India), July 22: The Union Budget for 2024-25, to be presented by Finance Minister Nirmala Sitharaman will outline the government’s financial plan to drive economic growth, enhance infrastructure, and promote social welfare. As always, the budget has significant implications for various sectors, including mutual funds. This article delves into the expectations of the […]

Read More

KLM Axiva Finvest to Raise Up to Rs 15,000 Lakhs via NCDs

Kochi (Kerala) [India], July 20: KLM Axiva Finvest Ltd has announced the Company’s tenth public issue of secured redeemable non-convertible debentures with a face value of ₹Rs.1000. The base public issue size is ₹7,500 lakhs and the public issue limit will be with an option to retain over-subscription up to ₹7,500 lakhs, aggregating up to […]

Read More