IndiGo signs a $328 million Citi-led financing for eight Airbus aircraft

What happened

• IndiGo signed a $328 million financing deal for eight Airbus narrow-body aircraft, six A321s and two A320s, according to HDFC Sky and Business Standard.
• Citi acted as sole mandated arranger, export credit agency (ECA) coordinator and sole lender. The loan is insured by Credendo, Belgium's export credit agency.
• The deal was executed through IndiGo's subsidiary, InterGlobe Aviation Financial Services IFSC, at GIFT City. Citi and Credendo's announcement, as reported by HDFC Sky and Deccan Herald, described it as the first aviation financing insured by Credendo anywhere in the world and the first ECA-backed aircraft financing structured through a GIFT IFSC leasing structure.
• The shares closed at ₹4,799.20, up 0.09%.

Why it matters

Good to know: An export credit agency is a state-backed body that insures or supports financing for goods sold abroad, here the aircraft's sale by Airbus. The lender is repaid by the airline; the insurance covers the lender's risk.

Key facts

Financing

$328 million

Aircraft

Eight Airbus (six A321, two A320)

Lender

Citi (sole lender)

Insurer

Credendo (Belgium)

Read the source

• Indigo Signs USD 328 Mn Finance Deal With Citi for 8 Airbus Aircraft BuysHDFC Sky
• Indigo signs $328 mn finance deal with Citi to buy for 8 Airbus aircraftBusiness Standard
• Citi and Credendo announce landmark USD 328 million financing for IndiGo's eight Airbus aircraftDeccan Herald

InterGlobe Aviation (IndiGo) in the news before

1. 30 OCT 2026 · EVENING · RESULTSIndiGo's Q2 net loss narrows to ₹1,879 crore; fuel bill up 67% to ₹9,967 crore