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The Economic Times
The Economic Times
Business

Indigo signs $328 million finance deal with Citi for 8 Airbus aircraft buys

IndiGo Citi Airbus ECA Aviation GIFT IFSC

Mumbai: Country's largest carrier Indigo has signed a USD 328 million financing deal with Citi to buy eight narrow-body planes to be manufactured by Airbus.

This is the world's first aviation financing transaction insured by the Belgian export credit agency (ECA) Credendo, and the maiden ECA-backed aircraft financing structured through the GIFT IFSC, according to a statement.

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