top of page

Structuring JOLCO Financing Via Special Purpose Vehicles Within Gift City: A Legal Analysis Of Tax And Regulatory Considerations In Aircraft Leasing




Kunal Tegwan, Faculty of Law, University of Delhi


ABSTRACT


This paper examines the legal framework for structuring Japanese Operating Lease with Call Option (JOLCO) transactions through Special Purpose Vehicles (SPVs) established within Gujarat International Finance Tec-City's (GIFT) International Financial Services Centre (IFSC). The research analyzes the convergence of Japanese tax benefits, Indian regulatory frameworks and international aviation finance structures, demonstrating how GIFT City's specialized legal regime creates unprecedented opportunities for cross-border aircraft leasing arrangements. The paper concludes that JOLCO structures via GIFT City SPVs offer significant advantages including tax optimization, regulatory flexibility and enhanced capital efficiency for aircraft financing transactions.


Keywords: JOLCO, Special Purpose Vehicles, GIFT City, IFSC, aircraft leasing, aviation finance, international tax law



Indian Journal of Law and Legal Research

​

Abbreviation: IJLLR

​

ISSN: 2582-8878

​

Website: www.ijllr.com

​

Accessibility: Open Access

​

License: Creative Commons 4.0

​

Submit Manuscript: Click here

​

Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

​

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page