Alvest Millennium Aviation Leasing IFSC Private Limited (AMAL) is a joint venture incorporated between the Alvest Group, France and Millennium Aero Dynamics, India.
AMAL is incorporated as an IFSCA regulated company at Gujarat International Finance Tec-City SEZ.
The company intends to provide innovative ground support equipment (GSE) products and services market to meet the operational, environmental and commercial needs of airline, ground handling and airport companies in the domestic and international markets.
Antoine Maguin, group president and CEO, Alvest said "We are extremely confident and pleased with the engagement of our long lasting partner Millennium Aero Dynamics in paving the way for success with our joint initiative. AMAL will undoubtedly address the growing needs of the airlines, the ground handlers and the airports to make their operations leaner and greener."
Milan Zatakia, chairman and CEO, Millennium Aero Dynamics mentioned “We are proud to be taking forward our association with the Alvest Group to meet the growing demand in our Indian markets, in which we serve and support hundreds of customers.”
AMAL will provide environmentally-friendly aircraft ground support equipment under a fully serviced operational lease. This provides customers with an option for equipment with zero CAPEX and allows them to focus on their operations alone without worrying about downtime.
AMAL’s innovative product offering will boost skilled employment in the aviation sector.
