Regarded by clients as a ‘top-tier law firm for aviation finance and leasing in India’, AZB & Partners remains a key reference in the market, offering assistance across the full gamut of aviation mandates, including acquisitions, financings, and lease restructurings, as well as sale and leaseback arrangements, commercial contracts, and regulatory issues. The practice has considerable experience acting in high-profile and high-value matters which, alongside its cross-border capabilities, has amassed an impressive and expanding client roster consisting of notable names from the aviation, banking, and financial services sectors. At the helm of the department is Anand Shah, who stands out for his breadth of expertise spanning aircraft and engine transfers, aircraft deregistration and repossession, and operating and finance leasing, alongside M&A, commercial leasing, and regulatory advice. The practice also benefits from the aptitude of Sarah Rufus, who regularly handles purchase and maintenance agreements, aviation disputes, and OEM settlement agreements. On the restructuring and insolvency front, Hufriz Wadia and Rishiraj Baruah are key members of the team.
Aviation (including aerospace and defence) in India
AZB & Partners
Responsables de la pratique:
Anand Shah
Autres avocats clés:
Sarah Rufus; Hufriz Wadia; Rishiraj Baruah
Les références
‘AZB is a top-tier law firm for aviation finance and leasing in India.’
‘They cover the breadth of transactions and are great to work with.’
‘The team is strong across partners and associates, and is a decent size team compared to its competitors.’
Principaux clients
Air India Limited
Banc Of America Leasing & Capital, LLC
BOC Aviation
Cargolux
CFM International
Just Udo Aviation Private Limited
Macquarie AirFinance
Shannon Engine Support Ltd.
Standard Chartered Bank
TATA SIA Airlines Limited
Trilegal
Trilegal’s aviation and aerospace practice, relied on by clients for ‘its deep specialisation in aviation regulatory and commercial matters, offering tailored, responsive legal support to international airlines operating in India,’ maintains a strong position in the Indian market, drawing on its longstanding track record for handling complex, high-value and high-profile mandates, both domestically and multi-jurisdictionally. The team boasts a wealth of experience advising on disputes, regulatory compliance, and corporate transactions, ranging from sales and leasing to M&A, all of which continue to attract new and impressive clients from the aviation, banking, and financial services sectors. Delano Furtado is a key member of the department, specialising in M&A, joint ventures, restructurings, and disposals. On the disputes front, Milanka Chaudhury is the name to note and routinely represents clients in aviation-related litigation and arbitration proceedings before judicial and regulatory bodies. Ashish Bhan is another disputes specialist in the team, and he is adept at leading on insolvency matters and resolution processes in particular. Noted for demonstrating ‘a rare combination of technical legal acumen and operational awareness,’ Aabhishek Dubey is a transactional authority in the group and concentrates on M&A, private equity and venture capital deals, and joint ventures.
Autres avocats clés:
Delano Furtado; Milanka Chaudhury; Abhishek Dubey; Ashish Bhan
Les références
‘The practice stands out for its deep specialisation in aviation regulatory and commercial matters, offering tailored, responsive legal support to international airlines operating in India.’
‘Led by Abhishek Dubey, the team brings a rare combination of sector-specific insight, regulatory fluency, and practical, business-minded solutions that are aligned with both Indian legal frameworks and international aviation standards.’
‘What makes the team unique is its deep-rooted understanding of the Indian regulatory landscape, coupled with exceptional responsiveness and an ability to anticipate challenges before they arise.’
Principaux clients
Delhi International Airport Limited
GMR Airports Limited
Rolls-Royce & Partners Finance Limited
SNV Aviation Pvt. Ltd.
Tata SIA Airlines Limited
All Nippon Airways Co. Limited
SES S.A.
Etihad Airways PJSC
Unimech Aerospace and Manufacturing
Safran Data Systems Investment SAS
Principaux dossiers
- Represented Delhi International Airport Limited before the High Court of Delhi in proceedings filed under Section 34 of the Arbitration and Conciliation Act, 1996 by Airports Authority of India against an Arbitral Award passed in a dispute between DIAL and AAI arising out of the Operation Management and Development Agreement.
- Acted Rolls-Royce & Partners Finance Limited and its IFSC-registered subsidiary in a landmark transaction with Akasa Air involving the delivery of a new aircraft engine through the GIFT IFSC.
- Assisted Tata SIA Airlines Limited with the implementation of the merger of Tata SIA Airlines Limited with Air India Limited.
Kochhar & Co.
Kochhar & Co. has a comprehensive aviation offering which spans disputes, regulatory mandates, and a variety of corporate transactions such as M&A, fundraisings, and financing. With expertise spanning the full range of aviation matters, the team continues to grow its client roster, which is made up of impressive names from the aviation, financial services, and defence, including British Airways and Lockheed Martin Corporation. Jointly leading the practice, Rohit Kochhar and Suhas Srinivasiah both bring a wealth of experience to the department. They are ably supported by disputes and regulatory specialists R. Ravichandran and Mayur Shetty, who regularly represent clients before judicial and regulatory bodies such as the SIAC and LCIA. On the restructuring and insolvency side, Sharmil Bhushan is the name to note, while in the project-related litigation arena, Manish Dembla is a recognised authority. Other key practitioners in the group include Vaibhav Joshi and Nishant Arora.
Responsables de la pratique:
Rohit Kochhar; Suhas Srinivasiah
Autres avocats clés:
R. Ravichandran; Sharmil Bhushan; Mayur Shetty; Vaibhav Joshi; Nishant Arora; Manish Dembla
Principaux clients
Adani Defence & Aerospace
Air France
KLM Royal Dutch Airlines
Airport Authority of India
Bellgeo Enterprise Limited
Bellgeo Samit Survey LLP
British Airways
Dubai National Air Travel Agency
Emirates Airline
Fiji Airways
Kuwait Airways
Lockheed Martin Corporation
Panasonic Avionics
Qantas
Singapore Airlines
Textron Inc
Tonbo Imaging
Principaux dossiers
- Advising Adani Defence & Aerospace on the acquisition of Air Works.
- Advising Airports Authority of India on the Key Elevation Clearance dispute in Mumbai.
Dentons Link Legal
The aviation practice at Dentons Link Legal has a robust offering which encompasses leasing and financing, regulatory compliance, and disputes, as well as procurement, commercial contracts, and restructuring and insolvency. With wide-ranging capabilities, the group is sought after by airlines, MROs, and manufacturers, alongside brokers and agents, financiers, and handling agencies to assist with high-profile, multi-jurisdictional mandates. Atul Sharma co-heads the department alongside Anand Srivastava; the former stands out for his expertise in aviation disputes and project advisory, while Srivastava is a key contact for complex transactions, including M&A, aircraft leasing, and financing. On the cross-border front, Abhishek Sharma is a notable name with vast experience advising on aviation disputes, insolvency proceedings, and competition issues. Other indispensable practitioners include development and investment projects specialist Milind Jha, M&A, restructuring and insolvency, and corporate finance expert Namita Das, and dispute resolution authority Sanjay Gupta.
Responsables de la pratique:
Atul Sharma; Anand Srivastava
Autres avocats clés:
Abhishek Sharma; Milind Jha; Namita Das; Sanjay Gupta
Les références
‘Partners have strong experience and expertise in their subject areas.’
‘All individuals representing our file were flexible and worked hard to meet our requirements and turn around.’
Principaux clients
Axis Bank
SpiceJet Limited
Vietnam Airlines
Big Charter Pvt. Ltd.
Principaux dossiers
- Acted as the legal counsel to Axis Bank in a secured loan extended to AI Fleet Services IFSC Limited for the acquisition of 34 trainer aircrafts.
- Advised Vietnam Airlines on the necessary approvals required from Indian authorities to sell air tickets and à la carte ancillary products through its website in India.
- Represented SpiceJet in the settlement of outstanding debt by way of issuance of equity shares of the company to the lessor.
Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co is well-equipped to handle the full gamut of aviation mandates, including mergers and sales, regulatory issues, and compliance-related mandates, as well as corporate agreements, restructuring and insolvency, and leasing and financing arrangements. The team boasts extensive experience advising on high-value and high-profile matters both domestically and internationally which, together with its breadth of capabilities, have amassed an impressive and expanding client roster, comprised of notable airlines, financial services, and defence businesses. Jatin Aneja heads up the department and specialises in project financing, consortium agreements, and joint ventures, among other corporate transactions arising within the aviation sector. The practice also benefits from the aptitude of Ankita Kumar, whose scope spans projects, M&A, and international procurement projects, as well as financing and leasing, joint ventures, and regulatory issues. At the associate level, standout names include Aditya Mitra, Pooja Ravikrishnan, and Tanya Srivastava.
Responsables de la pratique:
Jatin Aneja
Autres avocats clés:
Ankita Kumar; Aditya Mitra; Pooja Ravikrishnan; Tanya Srivastava
Les références
‘In my experience, the team is responsive, able to work on quick timelines, and is adept at delivering high quality work product with the right level of depth to meet the client’s needs.’
‘I have found that Ankita Kumar is well-versed and enthusiastic on aviation and commercial space matters.’
Principaux clients
SNV Aviation Private Limited
American Airlines Inc.
Wing Aviation LLC
Airbus SAS
Singapore Airlines
Pawan Hans Limited
Bajaj Finserv Limited
Boeing Company
GMR Airports Ltd.
Pembroke Aircraft Leasing 11 Limited
Jackson Square Aviation Ireland Limited
Bluesky 19 Leasing Company Limited
Bluesky 31 Leasing Company Limited
Principaux dossiers
- Represented SNV Aviation Private Limited in actions against various equipment manufacturer suppliers and MRO service providers.
- Advised American Airlines Inc. on end-to-end legal and regulatory matters.
DMD Advocates
With transactional, disputes, and regulatory capabilities, DMD Advocates is relied upon by notable aviation, banking, and financial services businesses seeking assistance with high-value, multi-jurisdictional mandates. The group has particular expertise advising on acquisitions, financing and leasing, and reassessment proceedings, and its strengths also span litigation, commercial agreements, and procurement, as well as repossessions, sales, and aircraft registrations and deregistrations. Vihang Virkar co-heads the practice alongside Ayesha Rai. Virkar stands out for his breadth of corporate and commercial experience which encompasses M&A, private equity transactions, and joint ventures, alongside restructuring, regulatory compliance, and contractual matters. Rai specialises in financing and regularly advises lessors, financiers, and commercial airlines on sale and leaseback arrangements, investments, and operating and finance leasing. She is also adept at handling aircraft, helicopter, and engine leasing, regulatory issues, and related labour and employment cases.
Responsables de la pratique:
Vihang Virkar; Ayesha Rai
Les références
‘The Aviation team at DMD Advocates has an excellent understanding of the aviation market, is able to offer solid advice on complex matters and is huge asset to any deal team. We have been working with this team for several years now and are very happy with their support.’
‘They are able to offer flexible approaches to billing and hence it an always a pleasure to work with them. Also, DMD offers a full service aviation and defence practice, covering legal, contractual, disputes, regulatory and tax advice. This is very helpful and limits the number of advisors on a deal.’
‘We work with Vihang Virkar and Ayesha Rai. Both these partners are prominent aviation and defence law practioners. Given the decades of experience they have in the Indian aviation space, Vihang and Ayesha have been able to provide us with commercially solid advice on transactions. They are both diligent, approachable and easy to work with. We rarely get this level of partner involvement on transactions from other firms.’
Principaux clients
Jazeera Airways Company K.S.C.P.
Ghodawat Enterprises Private Limited
Italia Trasporto Aereo
Babcock & Brown Air Funding
Air France
Bhutan Airlines
Alafco Irish Aircraft Leasing
Chailease International Financial Services Co., Ltd
Natixis Transport Finance
Bucephalus Air Inc.
International Financial Services Centres Authority
SMBC Aviation Capital Ltd.
The Boeing Company
Avolon Aerospace Leasing Ltd.
Celestial Aviation Trading 9 Ltd.
Principaux dossiers
- Advised Jazeera Airways on the transfer and novation of one aircraft by Zephyrus Leasing 3 Limited to Aircastle.
- Advised Jazeera Airways on the transaction documentation pertaining to the amendment of the lease agreement for one aircraft between Dubai Aerospace Enterprise.
- Advised Jazeera Airways on the transaction for the transfer and novation of two Airbus A320-NEO aircraft from ALAFCO to Macquarie Aviation Finance Ireland (3) Limited.
HSA Advocates
Representing the full spectrum of the aviation industry, from airlines and aircraft lessors to duty free operators and ground handling, HSA Advocates remains an active player in the Indian market. The group is highly sought after for its robust offering, which encompasses transactional, regulatory, dispute resolution, and tax matters including commercial agreements, public procurement, and bidding processes. Founding partner Hemant Sahai, who co-leads the practice alongside Amrita Narayan and Monali Dutta, ‘stands out’ for his expertise advising on project development, regulatory disputes, and financing. Narayan is the main contact in the team for dispute resolution, specialising in litigation concerning airport tariff appeals, ground handling services, and cargo handling services. She has considerable experience acting before various judicial bodies including the Supreme Court and the Airports Economic Regulatory Authority Appellate Tribunal, while Dutta concentrates on regulatory compliance, M&A, and corporate restructurings.
Responsables de la pratique:
Hemant Sahai; Amrita Narayan; Monali Dutta
Les références
‘The regulatory team is very helpful.’
‘Hemant Sahai stands out.’
Principaux clients
AAI Cargo Logistics and Allied Services Company Limited
Goldair Handling S.A.
Mumbai International Airport Limited
Spice Route Legal
Spice Route Legal's aviation department, praised by clients for its ‘domain fluency, client-centric agility, and integrated innovation,’ is well-equipped to handle transactional, regulatory, and compliance mandates, both domestically and internationally. With considerable experience advising on high-profile and high-value matters, the group has amassed a growing client roster which consists of notable aviation, technology, and tourism businesses seeking assistance with restructurings, regulatory advice, and in-flight services transactions. At the helm of the department is Aadya Misra, who specialises in commercial contracts, flight safety, and operational agreements, as well as ground handling and ground support agreements, joint ventures, and cybersecurity issues. She is supported by regulatory expert Ankita Hariramani, financial services authority Soumitra Ponkshe, and Ada Shaharbanu, who focuses on aviation technology.
Responsables de la pratique:
Aadya Misra
Autres avocats clés:
Ankita Hariramani; Soumitra Ponkshe; Ada Shaharbanu; Mathew Chacko; Harsh Kumra; Deval Garg; Ruchika Jha
Les références
‘Spice Route Legal’s aviation practice stands out for three core reasons: domain fluency, client-centric agility, and integrated innovation.’
‘Spice Route’s team isn’t just versed in contracts and compliance; they live and breathe aerospace and defence. Many of their lawyers have previously worked in regulatory bodies or in-house with OEMs and Tier-1 suppliers. That technical fluency means they instantly grasp the nuances of certification pathways for eVTOLs, UAV export controls, and defence offsets.’
‘What potential clients most appreciate is their responsiveness and flexibility. Whether it was drafting our non-disclosure agreements with academic partners or structuring phased milestone payments in our manufacturing MoU, Spice Route Legal tailored fee arrangements, often fixed-fee for defined workstreams, to align with our cashflow realities.’
Principaux clients
Air India
Air India Express
Asia Jets
CamJets
India Jets
Juspay
SenseHawk Technologies
Khageshvara Aviation Technology
Ideaforge
Verteil Technologies
Principaux dossiers
- Advising Air India on establishing in-flight connectivity services.
- Assisted Air India with modernising its cargo operations by advising on regulatory alignment, digitalising delivery processes, and structuring key partnerships with tech platforms like SmartKargo and Hans Infomatic to enhance efficiency and compliance.
- Assisted Air India with a collaboration with SITA for the implementation of WorldTracer – the world’s exclusive fully global baggage tracing and matching system.
Wadia Ghandy & Co
Wadia Ghandy & Co, praised by clients for its ‘excellent reputation in the Indian aviation law market,’ is well-versed in aircraft leasing and financing, disputes, and repossessions, as well as regulatory compliance. The team’s scope, alongside its experience advising on high-value transactions, both domestically and cross-border, has amassed a strong client roster which consists of lessors, financiers, and commercial airlines, alongside aircraft owners and spare parts suppliers. At the helm of the department is the ‘reliable and trusted’ Marylou Bilawala, a noted expert in leasing and financing, as well as repossessions. She is supported by aircraft purchase and sale specialist Dhruv Khanna, who stands out for his transactional prowess. The practice also benefits from the aptitude of dispute resolution authority Sharleen Lobo, who regularly represents airlines, insurers, and reinsurers on contentious mandates concerning liability issues.
Responsables de la pratique:
Marylou Bilawala
Autres avocats clés:
Dhruv Khanna; Sharleen Lobo
Les références
‘The Wadia Ghandy team have an excellent reputation in the Indian aviation law market.’
‘Dhruv Khanna pays huge attention to detail.’
‘Marylou Bilawala is a market leader and always available.’
Chandhiok & Mahajan, Advocates and Solicitors
Chandhiok & Mahajan, Advocates and Solicitors is a solid choice for aviation, technology, and financial services businesses seeking assistance with aircraft leasing, transaction structuring, and entity establishments. With a wealth of experience and cross-border capabilities, the group continues to grow its client roster. Standing out for her aptitude for restructuring and insolvency in the aviation sector, Pooja Mahajan co-leads the practice alongside Lovejeet Singh, who is noted for his breadth of expertise spanning aviation financing and leasing, aircraft acquisitions and sales, and commercial agreements. At the associate level, Abhay Goyal, who joined from Dentons Link Legal in December 2024, is a key member of the department.
Responsables de la pratique:
Pooja Mahajan; Lovejeet Singh
Autres avocats clés:
Abhay Goyal
Les références
‘The team at C&M has great knowledge about the Aviation Industry in India. Their approach is balanced when it comes to giving advice on legal aspects of any transaction. They bring in individuals with diverse expertise- taxation- legal etc when working on a transaction.’
‘We worked with Lovejeet Singh as the lead for our transaction. He is great to work with, looked through the entire transaction and its legal aspects plus anything that can harm us in a very detailed and methodical manner. We discussed, debated and then finalised our contracts.’
Principaux clients
Global Jet Capital
Crescent EPC Projects and Technical Services Limited
Armogan Holdings II Designated Activity Company
Nibe Aeronautics Limited
Sky Blazers Flying Club LLP
Mallard Enterprises
MAB Aviation Private Limited
IRM Limited
The Resolution Professional Supreme Transport Organisation Pvt. Ltd.
Principaux dossiers
- Advised Armogan Holdings on the novation of the lease of three aircrafts to Air India Express.
- Advising Global Jet Capital on the leasing of a new Gulfstream 280 aircraft to an entity in India.
Gagrats
The aviation group at Gagrats is well-equipped to handle a range of transactional, litigious, and regulatory matters, both domestic and cross-border, including financing and leasing, restructuring, and investments, as well as M&A, commercial agreements, and deregistration and repossession. The team is also adept at advising commercial airlines, lessors, and aviation authorities on related tax and employment mandates arising from new operation establishments in India, the hiring of personnel, and tax avoidance and deductions. Rustam Gagrat and Uma Nagarajan jointly spearhead the department, and both specialise in air transport operations, multi-jurisdictional leasing, and aircraft financing, alongside regulatory issues. For sale and leaseback arrangements, Arpana Dhariwal is the main contact in the team.
Responsables de la pratique:
Rustam Gagrat; Uma Nagarajan
Autres avocats clés:
Arpana Dhariwal
Rayasa Law Partners
Noted for its ‘rich experience’ in handling various aviation mandates, Rayasa Law Partners is sought after by commercial airlines, aircraft charter brokers, and defence companies to assist with complex, multi-jurisdictional investments, procurements, and licensing matters, as well as technology transfers, contractual arrangements, and leasing and financing. The practice is co-led by Subodh Sadana, Sangeet Rai, Neha Yadav, and Poonam Sadana; S. Sadana is adept at advising on M&A, joint ventures, and the setting up of operations in India, while Rai specialises in disputes, acquisitions, and commercial contracts. Yadav stands out for her aptitude in exits and regulatory compliance, and P. Sadana is a key contact for investments, foreign exchange compliance, and the export and import of defence products.
Responsables de la pratique:
Subodh Sadana; Sangeet Rai; Neha Yadav; Poonam Sadana
Autres avocats clés:
Manish Sood
Les références
‘Rayasa’s team has rich experience in handling various license and SCOMET issues.’
‘Rayasa’s team is diligent and very responsive in their work.’
‘The firm’s biggest strength is its strategic counsel to clients in defence procurement and transaction structuring, which is possible by their in-depth understanding of the entire regulatory regime as well as the ecosystem surrounding the business operations. This is what makes the team at Rayasa unique.’
Principaux clients
Gayo Aviation & Tourism AB (Sweden)
Gayo International – FZCO (Dubai)
Ocean Sky Cruises AB, Sweden
Titan Aviation LLC
Punj Corporation Private Limited
Defsys Solutions Private Limited
Horizon Aerospace Private Limited
Spiral EHL Engineering Private Limited
Bharat Tactical Private Limited
Audo Viso Private Limited
Dynaforce Tactical Private Limite
Mag5 Innovation Private Limited
InDefence Private Limited
Kopis Private Limited
SAAB India Technologies
HELA Systems Private Limited
Liberty International Group, India and Germany
Raksha Polycoats Private Limited
Divyanshi Aviation Private Limited
Principaux dossiers
- Advised the Gayo Group and its affiliated entities on its international contractual arrangements vis-à-vis collaborations agreements, commission agreements, aircraft charter contracts, aircraft leasing contracts and other related and ancillary documents.
- Advised Ocean Sky Cruises group on various contractual matters, including the drafting of their terms and conditions and commercial contracts.
- Advised Titan Aviation on the drafting of an aircraft purchase agreement.
Tuli & Co
Recognised by clients for its ‘outstanding legal expertise, professionalism, and a deep commitment to client service,’ the aviation law group at Tuli & Co is highly capable of handling both contentious and non-contentious mandates at domestic and cross-border levels. On the contentious front, the practice is adept at handling repossession, recovery and enforcement proceedings, while on the non-contentious side, the team has extensive experience advising on lease, sale and purchase, and sale leaseback agreements. Saket Satapathy heads up the department and specialises in insurance and commercial disputes, regularly representing clients before various judicial bodies and tribunals. The group also benefits from the aptitude of repossession litigation authority Anubhav Dutta, contractual disputes expert Nimisha Shukla, and Ishita Thakur, who focuses on disputes arising from lease agreements.
Responsables de la pratique:
Saket Satapathy
Autres avocats clés:
Anubhav Dutta; Nimisha Shukla; Ishita Thakur; Akshita Totla
Les références
‘Saket Satapathy showed professionalism and provided regular updates on the subject matter.’
‘Tuli and Co’s team consistently demonstrates outstanding responsiveness and a cooperative spirit. Their commitment to providing customer-tailored solutions, combined with impressive experience and in-depth knowledge in dispute resolution and aviation practice, sets them apart as top professionals in the field. I wholeheartedly recommend their services.’
‘Saket Satapathy is an exceptionally knowledgeable and experienced lawyer whose professionalism and high standards are evident across diverse practice areas. He is highly collaborative, communicates with clarity and precision, and consistently demonstrates a strong, solutions-focused mindset. Always positive and eager to help, Saket is a true asset and a pleasure to work with.’
Principaux clients
Engine Lease Finance Corporation
Engine Lease Finance B.V.
Total Engine Asset Management Pte
Sunbird France 02 S.A.S.
VS MSN 36118 CAV Designated Activity Company
Marubeni Corporation
ST Engineering Aerospace Resources
Principaux dossiers
- Advised Total Engine Asset Management Pte on strategy to recover dues arising out of 3 aircraft lease agreements executed by a trustee on its behalf.
- Advised Sunbird France 02 S.A.S. on structuring operational lease agreements and sale leaseback agreements pursuant to the Air India Express-AIX Connect amalgamation, specifically on the protection of the lessor’s repossession and insolvency rights in India.