What Happened
Indian Carrier Expands Fleet with Innovative Financing
IndiGo has secured a $328 million deal with Citi and Belgium’s Credendo for eight Airbus aircraft, marking a significant milestone in aviation finance in India. The deal, which covers six A321s and two A320s, was jointly conceptualized and developed by Citi and Credendo in partnership with IndiGo and Airbus. This transaction highlights the role of innovative international capital and export credit support in meeting the financing needs of India’s growing aviation sector, as reported by Moneycontrol News.