Jeddah and Mumbai, 10 November, 2021/Press Release/ — KAMS Global (“KAMS”), and Vman Aero Services LLP (“Vman Aero”), have entered a strategic partnership to provide a comprehensive suite of aviation consulting services across Saudi Arabia (the Kingdom), neighbouring Gulf countries and the greater Middle East North Africa (MENA) region.
Vman Aero has recently received permission to launch India’s first aircraft leasing company. It is therefore well-positioned to offer on-the-ground aviation financing services in the MENA region and to leverage its partnership with KAMS to address an important gap in regional aviation financing services.
“The agreement is in line with KAMS commitment to positioning the Kingdom at the forefront of the revolution transforming the aviation industry. We are looking forward to working with Vman to offer best-in-class aviation financing, asset management and technical services to clients operating in the country as well as in the GCC.” Moaaz Khanani, Managing Partner, KAMS.
“We are looking forward to working with KAMS in Saudi Arabia and the greater MENA regions to provide accessible, localized, aircraft leasing and aviation financing services for scheduled commercial and private airlines as well as non-scheduled aircraft and helicopter charter operations. As an emerging global travel hub, Saudi Arabia is an extremely important market for us and we are proud to be partnering with KAMS at such an exciting time in the Kingdom.” Vishok Mansingh, CEO, Vman.
ABOUT KAMS GLOBAL
KAMS is an aviation advisory and consultancy working to build a modern, efficient, sustainable aviation ecosystem in the Kingdom. It is committed to attracting investments in the country’s human capital and technological capability and to investing in the growth and development of aviation services across MENA region.
The company’s consultants combine unparalleled regional networks across the public and private sector with a wealth of industry experience, technical capability and local knowledge fostered over years of working and investing in in the Middle East.
KAMS offers a comprehensive suite of advisory and consultancy services across licensing and certification, operations, financing, technical and MRO services. In addition, a team of company experts dedicated to enhancing Saudi Arabia’s knowledge and technological capability, specialises in identifying, attracting and supporting innovative start-ups and small businesses to establish themselves in the region. These include operators in niche markets such as EVTOL operations, drone technology, portable equipment and state of the art technologies for safer, healthier, easier travel.
ABOUT VMAN AERO SERVICES
Vman Aero is a Mumbai based aviation consultancy company providing services across all segments of commercial civil aviation including aircraft leasing and financing, asset and technical management, audits, start-ups and aftermarket back-office support.
In April 2021, the company received permission to launch the first aircraft leasing company in India. The service will be based out of GIFT (Gujarat International Finance Tec-City) in the city of Ahmedabad, a region fast emerging as a hub for aircraft leasing and financing activities in the country.
The approval, to be conferred upon three other leasing companies, is integral to India’s ambitious plans to develop a domestic aircraft leasing hub and to bring back a significant proportion of the liquidity associated with the most profitable part of the aviation value chain – one currently dominated by foreign financiers and international leasing companies from Ireland and Hong Kong.
More recently, in August 2021, Vman completed its first aviation leasing transaction as an Indian aircraft lessor by leasing an Airbus H125 Helicopter to the Indian ‘Heli Taxi’ operator, Thumby Aviation.
Press Enquiries: info@kamsglobal.net
Moaaz Khanani
Managing Partner
moaaz@kamsglobal.com
Vishok Mansingh
CEO
info@vman.aero
