Important StoriesUPI payment fee roll-out postponed until after DiwaliIndia offers itself as a trusted partner to the world as global challenges have grown: ModiTata Chair defends nation-building bets over short-term returnsIMF raises India’s FY27 growth forecast to 7% on strong domestic demandAI boost bolstered growth in global trade, benefiting China and India: IMFFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. Citi and Credendo close $328 million financing for 8 IndiGo aircraft Transaction marks first Credendo-insured aviation financing globally and first ECA-backed deal through GIFT IFSC structure By BL Mumbai Bureau Updated - October 13, 2026 at 02:19 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/citi-and-credendo-close-328-million-financing-for-8-indigo-aircraft/article71578554.eceCopy Citi and Credendo, Belgium’s export credit agency (ECA), on Tuesday announced the closing of a $328 million financing for eight Airbus aircraft (six A321s and two A320s) for IndiGo.

Executed through IndiGo’s subsidiary, InterGlobe Aviation Financial Services IFSC Private Ltd, the transaction marks the first-ever Credendo-insured aviation financing globally and the first ECA-backed aircraft financing through a GIFT IFSC leasing structure, setting an important milestone in India in aviation finance, Citi said in a statement.

The financing solution was jointly conceptualised, structured and developed by Citi, which acted as sole mandated arranger, ECA Coordinator and sole lender, and Credendo in close partnership with IndiGo, India’s largest airline by network and fleet size, and Airbus, it added.

K Balasubramanian, India Chief Executive Officer and Banking Head and Indian Subcontinent Sub-Cluster Head, Citi, commented: “By combining Citi’s cross-border aviation and ECA financing expertise with Credendo’s credit insurance and IndiGo’s GIFT IFSC platform, we have delivered a first-of-its-kind solution that opens a vital new pathway connecting Indian aviation with the deep pool of ECA-backed international liquidity and supports the next phase of India’s aviation growth.”

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