IndiGo secures credit facility worth ₹2,577 crore amidst promoters dispute
MUMBAI: Interglobe Aviation Ltd. which operates the country’s largest airline under the brand IndiGo has secured a credit facility of around ₹2,577.75 crore since April for meeting its working capital needs, while targeting an expansion of the carrier’s fleet.
On 17 June, IndiGo signed a $20 billion agreement with aircraft engine maker CFM International to buy CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo aircraft. The deal includes supply of spare engines and an engine overhaul support agreement.
According to filings with the ministry of corporate affairs, on 6 May, the airline secured an amount of ₹660.32 crore from Credit Agricole CIB by creating an exclusive charge over a part of IndiGo’s fixed deposits.
