IndiGo secures US$328 million for eight Airbus aircraft

Citi and Credendo have finalized a US$328 million financing agreement to fund eight Airbus aircraft for IndiGo, consisting of six A321s and two A320s. Citi served as the sole mandated arranger, ECA coordinator, and sole lender for the transaction, which is supported by credit insurance from the Belgian export credit agency, Credendo.

The deal was executed through IndiGo’s subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. It represents the first aviation financing globally to be insured by Credendo and the first Export Credit Agency (ECA)-backed aircraft financing completed under a GIFT IFSC leasing structure. This milestone aligns with the Government of India’s objective to establish the country as a global aircraft leasing hub.