Sky One opens aircraft leasing facility at IFSC Gift City

Sky One, which has placed a bid for defunct GoFirst, has set up an aircraft leasing facility at IFSC Gift City. The total net foreign exchange outgo is over Rs 182 crore. Sky One aims to carry the business of operating lease for an aircraft including lease arrangement, sale and leaseback, novation, transfer, assignment, securitisation, and asset management among other things. The company’s application was approved by IFSC earlier this week. Sky One is a Sharjah-based aviation solutions company that commenced operations in 2008 with helicopter and fixed-wing charter services. It also offers crew training, operations and maintenance. Its services and solutions are carefully designed to cater to the diverse needs of the aviation industry, with 60-plus assets under management. Sky One wants to expand in India and is looking for key acquisitions and partnerships. It has already placed a bid for GoFirst, as per a report.