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2 clusters · 11 sources · 21 days · First seen · Last updated

IndiGo aircraft fleet expansion

Overview

IndiGo has secured US$328 million in financing through Citi and Credendo to fund eight Airbus aircraft, including six A321s and two A320s. This transaction, executed via its subsidiary InterGlobe Aviation Financial Services IFSC Private Limited, is the first aviation financing globally to be insured by Credendo and the first Export Credit Agency backed financing completed under a GIFT IFSC leasing structure.

Following this financing, IndiGo entered early stage negotiations with Embraer to purchase 100 regional jets, with an option for 50 additional aircraft. If the deal is finalized, deliveries could begin in 2030, aiming to expand the airline's regional network and replace existing turboprop services.

Entities

Embraer · Tewolde Gebremariam · GIFT IFSC · Air India · Tata Group

Timeline

  1. [BUSINESS] 11 sources
    IndiGo and Air India pursue major aircraft fleet expansions

    IndiGo is negotiating a potential 150-jet deal with Embraer, while Air India seeks more wide-body aircraft to expand its international long-haul operations.

  2. [BUSINESS] 2 sources
    IndiGo secures US$328 million for eight Airbus aircraft

    Citi and Credendo have closed a US$328 million financing deal for eight Airbus aircraft for IndiGo, marking a first-of-its-kind ECA-backed transaction through India’s GIFT IFSC structure.

Sources

aerotelegraph.com · airway.com.br · arabnews.pk · avioblog.it · brasilemfolhas.com.br · businesstoday.in · english.mathrubhumi.com · hindi.business-standard.com · index.hr · news9live.com · tezzbuzz.com