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IndiGo board approves Rs 7,294 crore towards purchase of aviation assets

IndiGo has approved a Rs 7,294 crore capital infusion into its IFSC subsidiary to fund the purchase and ownership of aviation assets, marking a major shift in its fleet strategy

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Low-cost airline IndiGo on Friday said its board has approved a capital investment of $820 million (about Rs 7,294 crore) to acquire aviation assets, thereby enabling ownership of aircraft. 

The investment was approved in IndiGo’s wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited (IndiGo IFSC).

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