IndiGo opts to raise funds via SLB route

India’s largest domestic airline IndiGo has scotched plans to raise funds through a qualified institutional placement (QIP), opting instead to raise money through sale and lease back (SLB) transactions and other alternative options.

“There are several financing options. The ongoing deliveries of neo aircraft (A320neo and A321neo) in FY22 will bring further liquidity,” IndiGo’s chief financial officer Aditya Pande told analysts during the airline’s post-result call on Thursday.

The airline will not raise funds through the QIP route, Pande said without elaborating on the decision.

The board of directors of IndiGo had in August approved raising up to ₹4,000 crore through a QIP.