ModAir recently inducted its second aircraft, a Diamond DA40, a flight training four-seater aircraft after Tecnam P2006T. The import of this aircraft was facilitated under the guidelines of IFSC - GIFT City, India. The aircraft will be leased to an upcoming FTO preparing to commence operations in the Madhya Pradesh state of India. Modair is planning to induct its third aircraft for another lease in Indian Aviation industry.
Atul Jain, Director ModAir Aviation, said: "We are excited to welcome the second aircraft under our company. We take pride in supporting our 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 aims to support India’s vision for skill development through importing and leasing flight training aircraft for FTO for Pilot training, which would eventually benefit the ever-expanding Indian Aviation Sector. ModAir Aviation IFSC Private Limited is one of the Leasing and Finance Companies based out of IFSC GIFT City, Gandhinagar, Gujarat.