Chinese companies may have made significant inroads into several sectors in India. Relatively unknown, however, has been their growing role in the Indian aviation industry.
About 20 percent of the aircraft operated by Indian carriers have been leased from Chinese lessors, who have made their presence felt in less than a decade in a market that was otherwise dominated by leasing companies from Ireland and the US.
Nearly all Indian airlines, including IndiGo, SpiceJet, GoAir, Vistara and AirAsia India have leased planes from Chinese players. Only national carrier Air India is not on the list.