Citi and Credendo to finance eight IndiGo Airbus aircraft

Citi and Credendo have completed a US$328 million financing deal specifically for eight Airbus aircraft destined for IndiGo. The agreement encompasses six A321s and two A320s, representing a significant investment in the airline’s fleet expansion plans. Citi assumed the roles of Sole Mandated Arranger, ECA Coordinator, and sole lender for this transaction. Credit insurance was provided by Credendo to bolster the financial arrangement. This funding is facilitated through IndiGo's subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited.