IndiGo, the largest carrier in the country, has signed a $328 million financing deal with Citi to buy 8 narrow-body planes from Airbus.
This transaction marks the world’s first aviation financing insured by Credendo, a Belgian export credit agency (ECA). It is also the maiden ECA-backed aircraft financing structured through the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC).