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Indigo Secures USD 328 Million Finance Deal With Citi For Eight Airbus Jets
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News18•13-10-2026, 15:00
Indigo Secures USD 328 Million Finance Deal With Citi For Eight Airbus Jets
- •India's largest carrier Indigo has signed a USD 328 million financing agreement with Citi to acquire eight narrow-body Airbus aircraft.
- •The deal marks the world's first aviation financing transaction insured by Belgian export credit agency Credendo.
- •The financing was executed through GIFT IFSC and covers the purchase of six A321 and two A320 planes.
- •Citi acted as the sole mandated arranger, ECA coordinator, and lender for the transaction.
- •This strategic move supports Indigo's fleet expansion and network growth while utilizing innovative international liquidity sources.
Key Questions Answered
IndiGo signed a USD 328 million financing deal with Citi to procure eight narrow-body Airbus aircraft, specifically six A321s and two A320s. The transaction is backed by credit insurance from the Belgian export credit agency Credendo and was executed through IndiGo's subsidiary, InterGlobe Aviation Financial Services IFSC.
This transaction is the world’s first aviation financing deal insured by the Belgian export credit agency Credendo and marks the maiden export credit agency-backed aircraft financing structured through the GIFT IFSC.
In 2023, IndiGo announced an order to purchase 500 narrow-body aircraft from the Airbus A320 family and also committed to incorporating the widebody Airbus A350 into its expanding fleet.
