IndiGo has approved a capital investment of $820 million in its wholly-owned subsidiary IndiGo InterGlobe Aviation Financial Services (IndiGo IFSC).
The Investment will be made through a combination of equity shares and 0.01% non-cumulative optionally convertible redeemable preference shares (OCRPS) in one or more tranches.
The funds raised by IndiGo IFSC will be deployed primarily towards acquisition of aviation assets, with a focus on aircraft ownership.
“IndiGo has historically maintained a fleet structure predominantly reliant on operating leases,” the company said.
“In recent years, the organisation has undertaken a strategic development towards a more balanced ownership structure and diversified forms of financing.
“This move reflects IndiGo’s commitment to prudent capital allocation and sustainable value creation for all stakeholders.”
IndiGo currently has a fleet of more than 400 aircraft, and it operates more than 2,300 daily flights to over 130 destinations worldwide.
In 2024, IndiGo took delivery of 58 aircraft, and in fiscal-year 2025 it carried more than 118 million passengers.