IndiGo signs $328 million Citi deal to finance eight Airbus aircraft
- IndiGo secured a $328 million financing agreement with Citi to acquire eight narrow-body Airbus jets.
- The credit facility funds six A321s and two A320s, with Citi acting as sole arranger.
- Backed by Belgium’s Credendo, the deal marks the world’s first Credendo-insured global aviation transaction.
- Executed via an onshore subsidiary, it is the first ECA-backed deal routed through GIFT IFSC.
Source: economictimes.indiatimes.com
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