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The MoD is also in advanced negotiations with the French Government to lease one Airbus Defence and Space A330 multi-role tanker transport aircraft for the Indian Air Force (IAF) for training purposes.
DAP 2020 defines leasing as a ‘means to possess and operate [a military] asset without owning the asset’ and says it provides a useful way ‘to substitute huge initial capital outlays with periodical rental payments’. DAP 2020 permits leasing in two categories: Lease (Indian), the preferred category, where the lessor is an Indian entity and owns the asset; and lease (global), which refers to lease of equipment from foreign or Indian lessors. Read More…
