BusinessPhoto: Deccan HeraldCiti and Credendo Finance $328M for IndiGo's Eight Airbus Jets
Citi and Belgium's export credit agency Credendo have closed a $328 million financing deal for IndiGo's purchase of eight Airbus aircraft, including six A321s and two A320s. Citi acted as sole arranger and lender, with Credendo providing credit insurance. This marks the first Credendo-backed aviation financing globally and the first ECA-backed aircraft financing via GIFT IFSC in India, highlighting the country's growing aircraft leasing sector.
Deccan Herald··Mumbai




