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Press Release

YES BANK partners Ministry of Civil Aviation, Airport Authority of India & FICCI for Wings India 2018

Shri K. T. Rama Rao, Honourable Minister for IT, Municipal Administration and Urban Development, Government of Telangana releases YES BANK Report on ‘Opportunities and Financing Outlook for Aviation Sector’

 

Hyderabad, March 8, 2018: YES BANK partnered Wings India 2018, the flagship event organized by the Ministry of Civil Aviation, Airports Authority of India & FICCI during 8 -11 March 2018, in Hyderabad. The theme for Wings India 2018 is ‘India: Global Aviation Hub’, and aims to provide a congenial forum catering to rapidly changing dynamics of the Aviation sector, new business acquisition, investments, policy formation and regional connectivity.

Shri K. T. Rama Rao, Honourable Minister for IT, Municipal Administration and Urban Development, Government of Telangana, released the YES BANK Knowledge Report on Opportunities and Financing Outlook for Aviation Sector during the inaugural session of Wings India 2018. The report highlights key trends for Airports, Airlines, General Aviation and maintenance, repair & overhaul (MRO). It analyses traditional financing tools used by Aviation stakeholders vis-à-vis innovative financing techniques that can be adopted for raising low-cost funds.

Speaking on the occasion, Rana Kapoor, Managing Director & CEO, YES BANK said, “Aviation is one of India’s fastest growing industries and is expected to generate 4 million direct and indirect jobs by 2035. YES BANK is committed to support the Government with the capex requirement of ~USD 15.5 billion over the next 5 years; And to develop state-of-the-art airports, fleet addition by Indian Carriers, innovative technology interventions and strengthening ancillary services like skill development, MRO, cargo handling, amongst other such initiatives in the value chain. I firmly believe that India is very well poised to become the largest aviation market in the world by 2030.”

L – R: Usha Padhee, Joint Secretary, Ministry of Civil Aviation; Sandip Somany, Vice Chairman and MD, Hindware; Shri K. T. Rama Rao, Honourable Minister for IT, Municipal Administration and Urban Development, Government of Telangana; R.N. Choubey, Secretary, Ministry of Civil Aviation; B.S. Bhullar, Director General of Civil Aviation; Sandeep Arora, Group EVP, Corporate Finance Infrastructure Banking, YES BANK

‘Wings India’ is an international exhibition and conference on Civil Aviation sector, providing a congenial forum catering to the rapidly changing dynamics of the sector, focusing on new business acquisition, investments, policy formation and regional connectivity.

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

YES BANK
Alisha Prakash
Email: alisha.prakash@yesbank.in

Adfactors
Jyothi Goswami
Email: jyothi@adfactorspr.com

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