India Plans More Incentives for Aircraft Leasing in Tax Oasis

India is planning to extend the tax holiday on profits earned by aircraft leasing firms in its newest finance hub to 15 years, said people familiar with the matter, to get a bigger piece of the global leasing market currently dominated by Ireland.

Plane leasing companies housed at Gujarat International Finance Tec-City, or GIFT City, currently get a tax waiver for 10 years. Expanding this benefit by five years will make GIFT City more attractive to lessors who typically make the bulk of the profit on an aircraft in the latter years when there’s little or no depreciation charge, ...