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we at sp guide publications(founded way back in 1964 by shri s.p. baranwal, founder publisher and founder editor)are proud to stateFirst time,SP Guide Publications participated in nomination process foraerospace media awardes in 2019AND, sp guide publications emerged as a winning media withseven articles nominated as finalists under 4 categorieswhereas, aviation week & space technology grouphad their five articles nominated as finalistswhereas, flightglobal grouphad their five articles nominated as finalistswhereas, ihs jane’s grouphad their two articles nominated as finalists 100.00 (IndIa-based buyer only)and indeed, sp guide publications is further proud to statethat it received the award: aerospace media awards - asia 2020 underbest propulsion submissionfor the article “engine leasing” published inSP’S AVIATION 8/2019SP’sCivilS h a r pC o n t e n tan sP GuIde PublIcatIonf o raS h a r pCivilLeasingEnginE LEasingaviationAircraft spare engine leasing is separate from aircraft leasing because engines require moreintensive technical managementBy Group Captain a.K. SaChdev (retd)a u d i e n C evol 22 ISSUE 8 2019www.sps-aviation.commilitary india inducts 8 apache gunships france strongly pitches 36additional rafalelaSt WOrD: CHaNDrayaaN 250failures are pilLArs of success50 years ofembraerShannon EnginE Support LimitEd SpEciaLiSES in providing SparE EnginE LEaSE SoLutionS to cFm56 and LEap opEratorS around thE gLobEin general, the airline industry is capital intensiveand the aircraft used by it are high cost and long life assets.Moreover, how these aircraft come to be flying with a particular airline is not always the result of a simple purchase formthe aircraft Original Equipment Manufacturer (OEM). The mostcommon modus operandi is a sale and leaseback wherein atripartite agreement between the airline that originally bookedan aircraft with the OEM lets a leasing company buy it from theOEM and then the airline leases it from the leasing company.Payments to OEMs include options (amounts paid in advanceto book an aircraft purchase), purchase rights, deposits andprogress payments. While aircraft leases have been in vogueever since airlines started sprouting up, engine leasing marketstarted emerging only around three decades ago. At first glance,leasing of an engine differentiated from purchase or lease of anaircraft of which it is a part, appears befuddling, but there arefinancial reasons for this to happen which have evolved fromexperience over decades of commercial operations.YEARS OFAPOLLO 11photograph: www.SES.iERNI NUMBER: DELENG/2008/24199PAgE 5ENGINE LEASINGIt is customary for a car or a load carrying vehicle to be designedto carry a single (the same) engine for its entire life; in contrast,an aircraft engine is a replaceable part of the aircraft which getsreplaced several times during an airframe’s useful life, depending on aircraft type, utilisation rate, company policies, regulatory mandates and occasionally due to accidents/incidents. As26ISSUE 8 2019aircraft down time is expensive in terms of lost revenue, airlinesgenerally maintain a number of spare engines to ensure aircraft are not grounded when engines are removed for normalmaintenance or as a result of failure. Prior to development ofthe aircraft spare engine leasing business, airlines had to manage engine removals via spare engine ownership or expensiveemergency engine leasing. Aero engine leasing is not as old asaircraft leasing and not long ago operators owned their enginesincluding the spare ones they needed. However, as enginesbecame more powerful and more technically advanced, theircosts also skyrocketed; in addition to initial costs, their maintenance costs also increased considerably. Engine leasing becameattractive for the same reasons as aircraft leasing in a capitalintensive, cost conscious resource milieu. When an aircraft isacquired by an operator, it would normally establish an enginelife cycle management plan so as to maximise on wing time andreduce workshop time to the minimum. This plan aims at finding a middle ground between airworthiness perspectives andcost saving considerations over engine life cycle.Aircraft spare engine leasing is separate from aircraft leasing because engines require more intensive technical management. Since engine overhauls are one of the largest airline operating cost segments, each overhaul must be closely managed.Engine lessors work with airline customers to optimise the costand ready availability of spare engines at short notice. Pratt &Whitney (P&W), a leading engine OEM has its engines mountedwww.sps-aviation.comLeasingon more than 130 different aircraft types including regional air- aircraft from either another operator or a financial institutionliners, business jets, general aviation aircraft and helicopters. (the lessor). India has ratified the 1997 Article 83bis of the ConTo support this vast market and related Maintenance Repair & vention on International Civil Aviation 1944 which was the firstOverhaul (MRO) activities, P&W claims that it offers the largest substantial amendment of the Convention and came about inengine rental and exchange pool of any engine OEM in the form response to industry growth and leasing trends. Under Articleof more than 850 engines worldwide to support its MRO activi- 83 bis, a bilateral agreement can be signed between the aviaties. The other leading engine OEM is CFM International, a 50/50 tion authorities of two contracting states and that agreementjoint company formed in 1974 by Snecma (Safran) in France and transfers and delegates the responsibility for the regulation andGE in the US. Shannon Engine Support Limited (SES), a wholly- safety oversight of an aircraft in accordance with the requireowned subsidiary of CFM International, specialises in provid- ments of the state of registration from that state to the air transing spare engine lease solutions to CFM56 and LEAP operators port authorities in the airline’s home state. DGCA meticulouslyaround the globe. Headquartered in Shannon, Ireland, with maintains a register of aircraft with details of aircraft type,, yearmarketing offices in Beijing and Budapest, SES has a portfolio of of manufacture, full name and address of the owner or lessorover 200 CFM56 and LEAP spare engines, including CFM56-5B, and of the operator or lessee. The notable point is that there isCFM56-7B, LEAP-1A and LEAP-1B engines. SES’ 13 strategic no engine-specific register in India to record separate registrapool locations give SES both the capacity and the reach to sup- tion title of an engine on an aircraft, whether maintained byport airlines operating CFM engines worldwide. The Rolls-Royce DGCA or any other registry. The certificate of registration for the& Partners Finance companies (collectively, the “RRPF Affili- aircraft does not include details of the engine(s) mounted on it.ates”) are a collection of 50 per cent owned domestic and foreignjoint ventures with Rolls-Royce, another leading manufacturer of CONCLUDING REMARKScommercial aircraft jet engines. The RRPF affiliates are primar- Aircraft engine leasing is a highly effective and economical alterily engaged in two business activities: lease financing of aircraft native even for large operators who own the majority of theirspare engines to a diverse group of commercial aircraft opera- engines as they too need leased engines in times of high unschedtors worldwide and sale-leaseback financing of aircraft spare uled engine removals ( UERs), Life Limited Parts (LLP) shop visengines to Rolls-Royce for use in theirits etc. The flexibility to plan removals,engine maintenance programmes. GEUERs, warranty issues etc, relies uponEngine Leasing Holdings Incorporatedthe use of leased assets. In reality,is another big name in engine leasingthe cost of ownership versus leasingIt is pertinent to pointbusiness. Besides these, there are dozcan make a huge financial impact onens of companies like Engine Leasethe operators. Although engines areout that InternationalFinance and Willis Lease which haveincreasingly reliable, they are complexCivil Aviationspare engines to lease out for leaseand when they are removed from airrentals include long term lease on thecraft for maintenance, repairs can takeOrganisation hasone end and short term ones, even ona long time to complete. Also, somenot provisioned for aa daily basis, on the other. Perhapsevents such as bird strike cannot beformal definition of thethe most dynamic part of the enginepredicted. Spare engines are a smallleasing market is the short term leassegment, around two percent, of theterm ‘lease’ in relationing segment in the newer narrow bodytotal aviation finance market.to aircraftengine types.Digital technologies and Artificial Intelligence are helping airlinesreduce spare engine requirements byINDIAN SCENARIOaccurately predicting engine removals,Regrettably, India produces no commercial aircraft and its entire airline industry is reliant on but spare engines are vital as all engine removals cannot be preimport of foreign-built aircraft under lease or ownership. The dicted. Although no figure can be put on the number of spareIndian scene is dominated by lease in contrast to ownership. engines required by an airline, the generally accepted ratio isAviation finance and leasing are not covered under any specific one for every ten in use. However, local conditions, airline finanlegislated Act in India, but are governed by Indian contract laws, cial health considerations and operational models may dictateIndian company laws and Indian foreign exchange regulations. variations from this thumb rule. There is tough competitionAlso, the (Indian) Aircraft Act, 1934, read with the (Indian) Air- amongst the engine leasing market players to provide more andcraft Rules, 1937 and the Civil Aviation Requirements (CARs) more attractive and innovative options to lessees. Cost focusedpromulgated by the Directorate General of Civil Aviation (DGCA) airlines are increasingly able to reduce the required number offrom time to time, governs important aspects of aircraft leasing dedicated spare engines and where possible, rely on the spotin India. In this context, it is pertinent to point out that Inter- market, pooling or engine availability services. These nonnational Civil Aviation Organisation (ICAO) has not provisioned dedicated spare engine services can in theory, increase overallfor a formal definition of the term ‘lease’ in relation to aircraft. asset utilisation across the market and reduce costs for airlines.This is basically because national laws governing lease contracts Another healthy trend is availability of “green time” engines;vary and the negotiating process results in individual variations the term refers to older engines with limited life remaining thatin the terms and conditions of aircraft leases since these are have been taken from aircraft that have been retired. These areusually tailor-made to specific situations. However, ICAO’s Man- offered into the market by a used parts company and very oftenual on the Regulation of International Air transport (Doc 9626), they are held on the lessor’s books for very low values and it isdescribes ‘aircraft leasing’ as the rental rather than purchase of possible for these lessors to offer the engines into the spot maraircraft by an aircraft operator from another operator or a non- ket at attractive short-term rental and utilisation rates. In genair operator entity. In essence, an aircraft lease is a contractual eral, the trends for the engine leasing market appear to favourarrangement in which an aircraft operator (the lessee) rents an the airlines. SPwww.sps-aviation.comISSUE 8 201927

Publisher And Editor-in-ChiefJayant Baranwaltable of CONTENTSsenior EditorAir Marshal B.K. Pandey (Retd)Deputy Managing EditorNeetu DhuliaSP’sSenior Technical Group EditorLt General Naresh Chand (Retd)Europe: Alan PeafordUSA & Canada: LeRoy CookManager – HR & AdminBharti SharmaNARENDRA MODILAUNCHES SEAPLANESERVICESCover IMAGE(Cover Photo: Wg Cdr I. Nandi / IAF)Cover Design byDeputy Manager – CirculationRimpy NischalSP’s TeamGroup Research AssociateSurvi MasseydesignHolistic Directions: Jayant BaranwalDesigners: Vimlesh Kumar Yadav,Sonu S. BishtGroup Director – Sales & MarketingNeetu DhuliaDeputy Director – SalesRajeev ChughSP’s websitesSr Web Developer: Shailendra P. AshishWeb Developer: Ugrashen Vishwakarma SP Guide Publications, 2020Subscription/CirculationAnnual Inland: 1,200 Foreign: US 320E-mail: ation.comLETTER TO EDITOReditor@sps-aviation.com; expert@sps-aviation.comFor Advertising details, spguidepublications.comSP GUIDE PUBLICATIONS PVT LTDA-133 Arjun Nagar, (Opposite Defence Colony)New Delhi 110003, India.Tel: 91 (11) 24644693, 24644763, 24620130Fax: 91 (11) 24647093E-mail: info@spguidepublications.comRepresentative OfficeBENGALURU, INDIA204, Jal Vayu Vihar, Kalyan Nagar,Bengaluru 560043, India.Tel: 91 (80) 23682204MOSCOW, RUSSIALAGUK Co., Ltd., (Yuri Laskin)Krasnokholmskaya, Nab.11/15, app. 132, Moscow 115172, Russia.Tel: 7 (495) 911 2762Fax: 7 (495) 912 1260MEMBER / PARTNER OFF O RAS H A R PA U D I E N C EVOL 23 ISSUE 10 2020BILATERAL DEFENCE MINISTERRAJNATH SINGH’SSTATEMENT 2 2: GAME CHANGERMEETINGBUSINESS AVIATION NO PLANE NO GAINAT FOREFRONT OFCOVID-19Rafale, the latest addition to the IAF, settingthe skies on fire with an awesome flyingdisplay during the 88th IAF day celebrationson October 8, 2020, witnessed by Indiandignitaries and foreign delegatesAssistant Manager – HR & AdminPooja TehlaniResearch AssistantSarthak BaranwalC O N T E N T PRIME MINISTER RETHINK & REINVENTBUSINESS AVIATIONIN INDIA&MUCH MORE.MILITARY CHIEF OF THE AIR STAFF’SFULL SPEECH ON IAF DAY IAF DAY CELEBRATIONS –A REPORTRAFALE, INDUCTED IN GOLDEN ARROWSSQUADRON ON 10TH SEPTEMBER,PERFORMING VERTICAL CHARLIE ON8TH OCTOBER DURING THE IAF DAYCELEBRATIONSRNI NUMBER: DELENG/2008/24199Planning & Business DevelopmentExecutive Vice President: Rohit GoelS H A R Pwww.sps-aviation.comCIVILvol 23 ISSUE 10 2020AN SP GUIDE PUBLICATIONINDIAN AIR FORCE CELEBRATES88TH YEARSP's Aviation Cover 10-2020.indd 104/11/20 5:26 PM24 COVID-19Civil5PAGE 12ContributorsIndia: Group Captain A.K. Sachdev (Retd),Group Captain Joseph Noronha (Retd)Chairman & Managing DirectorJayant Baranwalaviation 100.00 (INDIA-BASED BUYER ONLY)Principal CorrespondentAyushee ChaudharyRegional Connectivity PM launches India’s first PassengerSeaplane Service No Plane No Gain at Forefront ofPandemic Activitiesregular DepartmentsBiLateralIndia-US8 India-US: Game Changer Meeting11 Statement by Defence MinisterRajnath Singh –India-US 2 2 Meeting2A Word from Editor-in-Chief4 News with Views Hypersonic Missile Test-Fired byDRDO27 Hall of Fame Katharine Wright (1874 - 1929)Military28 News DigestIAF Day12 “Air Force Entering a TransformingEra” IAF Chief18 Full Address by IAF Chief –Air Force Day Parade32 Last Word Air Travel – Proceed with CautionBusiness Aviation21 Industry The Opportunity to Rethink andReinvent Business Aviation in IndiaAwards 2017SpecialContribution toBusiness AviationNEXT ISSUE: Urban Mobilityw w w. s p g u i d e p u b l i c at ions.comwww.sps-aviation.comISSUE 10 20201

a wordfrom editor-in-chiefIn his address, Chief of the Air Staff,traced the achievements of the IndianAir Force and the commitment andethos of its personnel to renderservice towards achieving a selfreliant and a glorious nationDespite the wide spread COVID-19 Pandemic, the IndianAir Force (IAF) celebrated its 88th anniversary on October 8this year with undiminished enthusiasm. The high point of thecelebrations was the grand parade held at Air Force Station,Hindon, attended by senior functionaries of the Indian ArmedForces, Defence Attaches of friendly foreign countries as also anumber of civilian dignitaries from the India Ministry of Defence.The parade was reviewed by the Chief of the Air Staff (CAS), AirChief Marshal R.K.S. Bhadauria. Highlight of the event was animpressive flying display by IAF aircraft as also by the skydivingteam. Selected assets of the IAF were also on static display.In his address on the occasion, the CAS traced the achievements of the IAF as also the commitment and ethos of its personnel to render service towards achieving a self-reliant and aglorious nation. The CAS also touched upon the challenges forthe IAF. The contents of the address by the CAS as also a reporton the event by Ayushee Chaudhary of SP Guide Publications,has been included in this issue of SP’s Aviation.The visit to India on October 26 and 27 by US Defence Secretary Mark T. Esper and Secretary of State Mike Pompeo wasable to raise the fourth and final pillar of foundation agreementcalled Basic Exchange and Cooperation Agreement (BECA),over which India and US will be building a new structure ofbilateral strategic partnership. During this third annual 2 2dialogue, the defence establishments of the two nations showedthat India and the US are now the latest strategic partners inletter and spirit. A detailed report by Ranjit Kumar on this historic visit has been included in this issue of SP’s Aviation.The ongoing COVID-19 Pandemic across the globe hasadversely impacted both domestic and international air travel.Sudhir S. Rajeshirke, Vice President – Sales, Arrow AircraftSales and Charters Pvt Ltd, is of the view that India needs totake advantage of this situation and now focus on building arobust business aviation ecosystem and create another parallelvibrant industry in the aviation sector. In this issue of the maga-zine, a detailed and an in depth analysis by Sudhir S. Rajeshirkeon the opportunity for India that has now arisen to rethink andreinvent the business aviation industry in the country.To do away with that single-layer perspective about businessaviation, the National Business Aviation Association (NBAA)and the General Aviation Manufacturers Association (GAMA),designed “No Plane No Gain”, a joint undertaking to educatethe public on the importance of this segment of the civil aviationindustry. An overview by Ayushee Chaudhary is included.In a major boost to the Regional Connectivity Scheme, PrimeMinister Narendra Modi launched a seaplane service betweenthe Statue of Unity near Kevadiya in Gujarat’s Narmada districtand Sabarmati Riverfront in Ahmedabad on October 31, 2020.The seaplane service is operated by SpiceJet’s subsidiary SpiceShuttle. Ajay Singh, SpiceJet Chairman, said that the seaplaneswould help improve regional connectivity as it comes withoutthe high cost of building airports and runways, thanks to theplanes being able to take-off and land both on small water bodies and short airstrips. A report on the launch of this service isincluded in this issue.All this and more in this issue of SP’s Aviation. We welcomeyou aboard and wish you many happy landings!Jai Hind!Owned, published and printed by Jayant Baranwal, printed at Kala Jyothi Process Pvt Ltd and published atA-133, Arjun Nagar (Opposite Defence Colony), New Delhi 110003, India. All rights reserved. No part of thispublication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means,photocopying, recording, electronic, or otherwise without prior written permission of the Publishers.2ISSUE 10 2020Jayant BaranwalPublisher & Editor-in-ChiefFollow us on@SPsAviationSPPublicationswww.sps-aviation.com

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newswith viewsNEWSHYPERSONIC MISSILE TEST-FIRED BY DRDOOn September 7, 2020, Indian Defence Research and Development Organisation successfully flight-tested the indigenously-developed hypersonictechnology demonstration vehicle (HSTDV). As per the Ministry of Defence(MoD), the parameters of launch and cruise vehicle, including the scramjetengine, were monitored by multiple tracking radars, electro-optical systems and telemetry stations. A ship of the Indian Navy was also deployedin the Bay of Bengal to monitor the performance during the cruise phase ofhypersonic vehicle. In appreciation of the achievement, Defence MinisterRajnath Singh said, “I congratulate DRDO on this landmark achievementtowards realising Prime Minister Modi’s vision of “AatmaNirbhar Bharat”.Photograph: DRDOviewSThe successful test flight by DRDO of the hypersonicmissile more appropriately known as the hypersonic technology demonstration vehicle or HSTDV, was undertaken fromthe Abdul Kalam launch complex on Wheeler Island, locatedoff the coast of Odisha. Despite the fact that it comes after adecade and a half since the initiation of the project, the success of this experimental flight has been a major technologicalbreakthrough and has convincingly demonstrated the capability of the scientific community of the nation in respect of highlycomplex technology that will serve as a stepping stone for nextgeneration hypersonic vehicles that can and will be producedin collaboration with the indigenous defence industry. Thesuccessful execution of this particular test flight has certainlyhelped the DRDO to prove and validate a number of criticaltechnologies such as aerodynamic configuration for hypersonicmanoeuvres, use of air breathing scramjet propulsion for ignition and sustained combustion at hypersonic speeds. Dr G.Satheesh Reddy, who dons multiple caps of Chairman of DRDOand Secretary, Department of Defence R&D, Government ofIndia as well as Director General, Aeronautical DevelopmentAgency (ADA), stated that “By successfully demonstrating thecomplex air-breathing hypersonic technology, India has nowentered the hypersonic regime.”Hypersonic flight is a flight through the atmosphere at aheight of less than 90 km from the surface of the Earth at aspeed of above Mach 5 or five times the speed of sound. Itis at this speed that dissociation of air begins to become significant and the vehicle experiences high heat loads. The firstobject made by human beings that achieved hypersonic flight,was a two-stage rocket and this feat was achieved in the year1949 at White Sands in New Mexico in the United States (US).In this experiment, the rocket achieved a speed of 8,288 kilometres per hour which is approximately Mach 6.7, or nearlyseven times the speed of sound. However, due to excessive generation of heat during re-entry into the atmosphere, the rocketwas destroyed leaving only charred remains for the scientistsinvolved to study. Later on in April 1961, during the world’sfirst piloted orbital space venture, the Russian cosmonaut Major4ISSUE 10 2020Yuri Gagarin became the first human being to travel at hypersonic speed. This was followed by the American astronaut AlanShepard who became the first American and second person inthe world to achieve hypersonic flight when his capsule reentered the atmosphere at a speed above Mach 5 at the end ofhis suborbital flight over the Atlantic Ocean.Developed by the DRDO, the HSTDV is not a weapon by itself;but is a carrier vehicle for long-range cruise missiles and evennuclear warheads. The successful test flight of the HSTDV hascatapulted India into the exclusive club of three nations thatcould hitherto boast of possessing this capability namely theUS, Russia and China. As per reports, both Russia and Chinaare engaged in the development of hypersonic weapon systemswith conventional as well as nuclear warheads. In July this year,Vladimir Putin President of Russia indicated that in the nearfuture, warships of the Russian Navy would be armed withhypersonic strike weapons equipped with nuclear warheads.Hypersonic missiles travel at speeds that are much higherthan other ballistic or cruise missiles. This class of missilesystems can deliver conventional as well as nuclear payloadsin very short time frames – in fact within minutes of beinglaunched. Also, these missiles are highly manoeuvrable, theydo not follow a predictable path during their flight and cancombine the speed of ballistic missiles with the manoeuvringcapability of cruise missiles, bringing larger areas of enemyterritory under threat. The operating characteristics of hypersonic missile systems render these platforms difficult for theenemy’s air defence organisation to detect, track and intercept.In the case of the DRDO’s HSTDV which is a dual-use technology platform, it is planned to have multiple civilian applications as well which would include the launch of small satellitesat very nominal cost that is easily affordable. One major fallout of the successful launch of the HSTDV will be that it will goalong way to help India develop its next-generation hypersonicmissile BrahMos-II that is currently under development by theDRDO in collaboration with Russia’s NPO Mashinostroyenia. SP—By Air Marshal B.K. Pandey (Retd)www.sps-aviation.com

CivilRegional ConnectivityPrime Minister Narendra Modi inaugurates the Water Aerodrome and SeaPlane Service, in Kevadia, Gujarat on October 31, 2020. TheGovernor of Gujarat, Acharya Devvrat, the Chief Minister of Gujarat, Vijay Rupani, the Minister of State for Shipping, Mansukh L. Mandaviyaand other dignitaries are also seen.PM launchesIndia’s first passengerSeaplane servicePM Modi took the first flight from Kevadia of Gujarat’s Narmada to Sabarmati Riverfront inAhmedabad, marking a significant boost to regional aviationPhotograph: PIBBy Staff CorrespondentPrime Minister Narendra Modi inaugurated a seaplaneservice on October 31 between the Statue of Unity near Narmada district and Sabarmati Riverfront in Ahmedabad. Modilaunched the service aboard a twin-engine plane from pond-3close to Sardar Sarovar Dam.The Water Aerodrome at Kevadia and the seaplane Serviceconnecting Statue of Unity in Kevadia of Gujarat’s Narmadadistrict with Sabarmati Riverfront in Ahmedabad was launchedalong with the Water Aerodrome in Sabarmati River front inwww.sps-aviation.comAhmedabad and the seaplane Service from Sabarmati Riverfront to Kevadia. These are part of a series of Water Aerodromes being planned to bring the last mile connectivity, statedthe press release from the Prime Minister’s Office. The launchof the nation’s first commercial seaplane service, marked the145th birth anniversary of Sardar Vallabhbhai Patel.The seaplane is reportedly a Twin Otter 300 registered inthe name SpiceJet Technic and the service is operated by SpiceJet’s subsidiary Spice Shuttle. SpiceJet will be using Twin OtterISSUE 10 20205

CivilRegional ConnectivityTweet on Launch ofIndia’s first PassengerSeaplaneNarendra Modi@narendramodi“Inaugurated seaplaneservices betweenAhmedabad and Kevadia.This service will boosttourism and help the localeconomy.”Photographs: Narendra Modi, mansukhmandviya, SRFDCL / Twitterprime minister modi boarding the flight of SpiceJet’s subsidiary Spice Shuttle, which is operating Twin Otter 300 for the seaplane servicesAjay Singh, SpiceJet Chairman, also said that the seaplanes300 seaplanes, built by plane maker De Havilland Canada. Thelow-cost carrier of India, SpiceJet, is said to have approval of 18 would help improve regional connectivity which is an initiativethat is being encouraged by the Indian government. This alsoseaplane routes and this is one of them.The 19-seater seaplane is expected to be used for flights comes without the high cost of building airports and runways,between the Sabarmati riverfront and Sardar Vallabhbhai thanks to the planes being able to take-off and land both onPatel’s Statue of Unity in Kevadia as a part of Regional Connec- small water bodies and short airstrips.“We only need water bodies like rivers and lakes to starttivity Scheme. The seaplane will be able to accommodate 12 passengers and the all-inclusive one-way fare is reported to begin such services. We are now planning to start seaplane servicefrom 1,500 and go up to 5,000 under the UDAN scheme. The between Surat and Kevadia. We are in touch with officials forseaplane tickets are available for booking on www.spiceshuttle. the same and studying their suggestions,” said Ajay Singh.SpiceJet has already got around 3,000 booking requestscom. The airplane will take about 45 minutes to cover the 200in two days, reportedly. “Majority of the booking requestskilometres aerial distance between Ahmedabad and Kevadia.The Gujarat government had earlier announced that it belong to the Ahmedabad region. We will start giving themtickets from tomorrow when the comhad signed an MoU (Memorandum ofmercial flight would commence,”Understanding) with the Union MinSingh said.istry of Civil Aviation (MoCA) and AirSeaplanes have the ability to landports Authori

the aircraft Original Equipment Manufacturer (OEM). The most common modus operandi is a sale and leaseback wherein a tripartite agreement between the airline that originally booked an aircraft with the OEM lets a leasing company buy it from the OEM and then the airline leases it from the leasing company.