Thulasidas pilots extensions of exemption on aircraft lease

Air-India chairman and managing director V Thulasidas on Tuesday said the airline industry still required leased aircraft and the government should continue exemption of withholding tax on lease rentals of aircraft beyond the fiscal-end.

Speaking at conference on GE ecomagination, Thulasidas, though not quantifying the impact that withholding tax would have on A-I, said, “Even our purchase agreement of the 68 Boeing aircraft may have some leasing options in that. Withholding tax exemption is important, as leasing will continue even if we get a new fleet of aircraft.”

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