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Ireland-Based Aircraft Lessors Face Tax Scrutiny from India

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Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the…

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El Salvador Advances Open Skies Agreements to Boost Economy and Airline Competition

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El Salvador is strategically advancing its open skies agreements, seeking to foster economic growth, increase airline competition, and lower air travel costs. While the country enacted open skies policies in 2013, the government, under President Nayib Bukele, has amplified its efforts recently, securing 22 agreements globally, including new partnerships with Brazil and Uruguay. Vice Minister…

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Pakistan Finalizes PIA Privatization Auction for October 30 Amid Reforms

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The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….