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    Question

    IndiGo and Air India, are setting up aircraft leasing units at GIFT City in Gujarat, moves seen bolstering the government’s plan of projecting India as a hub for aircraft leasing. IndiGo, which has some 1,000 aircraft on its order book, will invest ______ to set up a leasing unit for its aircraft fleet

    A Rs.20 crore Correct Answer Incorrect Answer
    B Rs.25 crore Correct Answer Incorrect Answer
    C Rs.30 crore Correct Answer Incorrect Answer
    D Rs.44 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    IndiGo and Air India, are setting up aircraft leasing units at GIFT City in Gujarat, moves seen bolstering the government’s plan of projecting India as a hub for aircraft leasing. IndiGo, which has some 1,000 aircraft on its order book, will invest ₹30 crore to set up a leasing unit for its aircraft fleet.    The company will also issue a corporate guarantee of up to $996 million (about ₹8,000 crore) the payment obligation of the company.

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