JetSetGo to import four more planes through GIFT city in 2022-23

The company imported its Hawker 800 XP aircraft from Dubai and leased it through GIFT City on July 16 and is the second aircraft it has leased from it.

Yaruqhullah Khan

July 19, 2022 / 15:31 IST

JetSetFleet Management Services IFSC Private, a leasing arm of JetSetGo Aviation, is aiming at importing four more planes through the Gujarat International Finance Tec-City (GIFT City) in 2022-23.

The company imported its Hawker 800 XP aircraft from Dubai and leased it through GIFT City on July 16 and is the second aircraft it has leased from it.

The aircraft was hauled into the maintenance, repair, and operations centre after landing at Nagpur airport. JetSetGo founder & CEO Kanika Tekriwal told Moneycontrol.

She added that JetSetGo is working on an innovative financing model to lease out the aircraft and intends to use the “pay-as-you-go” structure.

Tekriwal said that in the new arrangement, JetSetGo will be paid according to how much the aircraft is flown. Additionally, JetSetGo is investigating revenue-sharing agreements.

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