IndiGo airline closes $328-M financing with Citi and Credendo for 8 aircraft

Budget airline IndiGo has closed a USD 328 million financing arrangement for eight Airbus aircraft.The transaction, arranged by Citi, involves the financing of six A321 and two A320 aircraft. It was executed through InterGlobe Aviation Financial Services IFSC, a GIFT City-based unit of IndiGo.