Vman concludes first ever helicopter lease deal from GIFT City

An Airbus H125 helicopter has been leased from Gujarat's GIFT City in the first such transaction after relaxation of leasing norms in the country.

On Friday, Vman announced the leasing of an Airbus H125 helicopter to Thumby Aviation, a non scheduled operator which pioneered heli taxi service in Bengaluru. The company also has operations in Uttarakhand, Chhattisgarh and North East states.

In her budget speech this year union finance minister Nirmala Sitharaman had announced tax incentives for leasing companies setting up operations in the GIFT City. This was a part of the government initiatives to make India a hub for aircraft leasing.

 Vman