IndiGo has approved $820 million in funding to boost aircraft ownership

• IndiGo has announced a capital investment of US$820 million (about INR 72,940 million) in its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC).
• The investment, through a combination of equity and 0.01 percent non-cumulative, optionally convertible redeemable preferred stock (OCRPS), will be made in multiple tranches. The financing will support IndiGo IFSC’s acquisition of aviation assets, enabling IndiGo to move from an operating leasing model to a more balanced aircraft ownership structure.
• This strategic move highlights IndiGo’s long-term focus on sustainable value creation, capital efficiency and diversified financing.

IndiGo has approved a capital investment of US$820 million (approximately INR 72,940 million) in its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (“IndiGo IFSC”).

The investment will be made through a combination of equity shares and 0.01% non-cumulative, optionally convertible redeemable preferred stock (OCRPS), in one or more tranches. The funds raised by IndiGo IFSC will be distributed primarily towards the acquisition of aviation assets, thus enabling aircraft ownership.

IndiGo has historically maintained a fleet structure based mostly on operating leases. In recent years, the organization has undertaken a strategic development towards a more balanced ownership structure and diversified financing forms. The move reflects IndiGo’s commitment to prudent capital allocation and sustainable value creation for all stakeholders.

The post IndiGo approves $820 million in funding to boost aircraft ownership appeared first on Air Cargo Week.