IndiGo secures $328 million financing from Citi for 8 Airbus jets
What Happened
IndiGo has secured $328 million in financing to acquire eight Airbus narrow-body aircraft, comprising six A321s and two A320s. Citi is the sole lender and arranger, while Belgium’s export credit agency Credendo is providing credit insurance.
Key Takeaways
The deal is notable as the first Credendo-insured aviation financing globally and the first export credit agency-backed aircraft financing through a GIFT IFSC leasing structure, providing IndiGo with a long-term funding source for its fleet and network growth.