September 2018: India’s airlines have an order book of more than 1000 aircraft, valued at over USD50 billion, By 2050, the country’s commercial fleet is expected to exceed 5000 aircraft. An industry of this scale will require an increasingly capable and sophisticated indigenous aviation eco-system, spanning aircraft maintenance, aerospace manufacturing and aircraft leasing activities amongst others, similar to the path that China has pursued. In anticipation of the long-term requirements of the country’s aviation industry, the Government of India is exploring measures to encourage the establishment of aircraft leasing operations domiciled in India. In this report, CAPA outlines its perspective on the prospects for this initiative.