Indigo has closed its first financing via India's International Financial Services Centre (IFSC) of GIFT City. The India airline secured the aviation non-payment insurance (ANPI)-supported financing on one new A321neo with Credit Agricole Corporate & Investment Bank (CACIB). The transaction was structured through a dedicated aircraft leasing company, wholly owned by Indigo and incorporated in GIFT City. The aircraft is the first of a larger transaction arranged by CACIB, which covers four A321neo aircraft. The transaction was supported by an aviation non-payment insurance (ANPI) policy through the managing general agent (MGA) Itasca, which was jointly created and launched by Castlelake and Pine Walk Capital late last year.
IndiGo closes first GIFT City financing
