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With reference to the Vman Aviation Services, consider the following statements:
1. It is based out of International Financial Services Centre (IFSC) at Gujarat's Gift City and became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.
2. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc to an airline or corporation.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Vman Aviation Services, consider the following s...
Indian aircraft leasing company Vman Aviation Services, which is based out of International Financial Services Centre (IFSC) at Gujarat's Gift City, became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.
  • Vman will soon announce its first dry lease transaction. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc, to an airline or corporation.
  • The union budget announced earlier in the year rolled out several incentives and tax holidays on capital gains on aircraft leasing conducted at Gift city.
  • Hence both statements are correct.
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With reference to the Vman Aviation Services, consider the following statements:1. It is based out of International Financial Services Centre (IFSC) at Gujarats Gift City and became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.2. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc to an airline or corporation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Vman Aviation Services, consider the following statements:1. It is based out of International Financial Services Centre (IFSC) at Gujarats Gift City and became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.2. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc to an airline or corporation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Vman Aviation Services, consider the following statements:1. It is based out of International Financial Services Centre (IFSC) at Gujarats Gift City and became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.2. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc to an airline or corporation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Vman Aviation Services, consider the following statements:1. It is based out of International Financial Services Centre (IFSC) at Gujarats Gift City and became the first company from the business district to sign an aircraft purchase agreement after placing an order for an Airbus H125 helicopter.2. A dry lease is a leasing arrangement where an aircraft lessor provides an aircraft without crew, ground staff, etc to an airline or corporation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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