InterGlobe Aviation's $45 Million Investment: A Leap in Financial Services

InterGlobe Aviation plans to invest up to $45 million in its subsidiary, InterGlobe Aviation Financial Services IFSC Pvt Ltd. Approved by the board, the investment will be used for financing aviation assets, loan repayment, and corporate purposes. Indigo IFSC, established in October 2023, focuses on aircraft leasing.

InterGlobe Aviation, the parent company of IndiGo, announced an investment plan worth up to $45 million in its subsidiary, InterGlobe Aviation Financial Services IFSC Pvt Ltd.

This decision was sanctioned during the board meeting held on Wednesday, as confirmed in the regulatory filing.

The funding will be deployed in tranches to finance aviation assets, pay off outstanding loans, and address other corporate needs, highlighting IndiGo IFSC's commitment to expanding its aircraft and engine leasing operations since its inception in October 2023.

(With inputs from agencies.)