India, April 4 -- The Parliament on Thursday passed the Protection of Interests in Aircraft Objects Bill, 2025, a move expected to support the rapidly growing aircraft leasing sector in India, one of the world's fastest-expanding civil aviation markets.

The bill, which was approved by the Rajya Sabha on April 1, received the final nod from the Lok Sabha via a voice vote on Thursday.

In his remarks during the debate, civil aviation minister Rammohan Naidu emphasised that the bill would help enhance cost efficiency for airlines and facilitate quicker fleet expansion through aircraft leasing.

The legislation is designed to provide a legal framework for the Cape Town Convention, which focuses on aircraft leasing.

The bill aims to address ...