#Tecnam P-Mentor
Gandhinagar, Gujarat, December 29: ModAir Aviation, a prominent name in the aviation industry, proudly announced the induction of its fifth aircraft, the Tecnam P-Mentor, marking a significant milestone in its growing fleet. The two-seater flight training aircraft recently arrived at Ahmedabad and is set to be leased to a forthcoming Flight Training Organization (FTO) preparing to commence operations in Karnataka, India.
The seamless import of the Tecnam P-Mentor was facilitated under the guidelines of IFSC – GIFT City, reinforcing ModAir Aviation’s commitment to aligning with regulatory frameworks for the aviation sector. Looking ahead, the company anticipates the induction of its sixth aircraft by the end of the 2022-23 financial year, earmarked for lease within the Indian Aviation Industry to a Non-Scheduled Airline Operator.
Atul Jain, Director of ModAir Aviation, expressed his enthusiasm, stating, “We are excited to welcome the fifth aircraft under our Company. We take pride in supporting our Hon’ble PM’s vision. Very soon we would be inducting our sixth aircraft. The company’s current concentration is on Flight Training and Non-Scheduled aircraft category operations for the Indian market by Importing, Finance, and Leasing of the aircraft.”
Ashish Jaiswal, Chief Executive Officer of ModAir Aviation, emphasized the significance of this fifth aircraft induction in shaping India’s aircraft leasing infrastructure. He extended gratitude to the Government of India, IFSC Authority, and the GIFT City for providing a seamless platform to facilitate aircraft induction in the country.
ModAir Aviation’s strategic vision aligns with the Hon’ble Prime Minister’s aspiration to fortify the IFSC infrastructure for importing and leasing aircraft, catering to FTOs, Non-Scheduled Airlines, and Scheduled Airlines. The robust GIFT City & IFSC infrastructure has proven instrumental in bolstering the ever-expanding Indian Aviation Sector.
ModAir Aviation IFSC Private Limited, headquartered at IFSC GIFT City, Gandhinagar, Gujarat, stands as a frontrunner in the leasing and finance domain within the aviation industry. The company specializes in the purchase, sale, and leasing of aircraft globally, leveraging a widespread network. Focused on securing aircraft at competitive rates, ModAir Aviation aims to minimize acquisition costs for clients, optimizing cash flow and enabling operators to concentrate on essential cost components.
The induction of the Tecnam P-Mentor as the fifth aircraft marks another significant step for ModAir Aviation, solidifying its commitment to innovation, growth, and support for India’s aviation landscape.
The steady expansion of ModAir Aviation’s fleet signals a promising trajectory for the company, poised to play a pivotal role in shaping India’s aviation industry in the years to come.
ModAir Aviation IFSC Private Limited
1631, 16th Floor, Signature Building, Block 13-B, GIFT City, Gujarat, India
Email : ceo@modair.in
Phone : +91 8130874499
