IndiGo Secures Japanese Equity Financing for Aircraft via GIFT City JOLCO Deal

IndiGo has become the first Indian airline to secure Japanese equity financing for two Airbus A320 family aircraft through a Japanese Operating Lease with Call Option (JOLCO) structure. This financing, routed via Gujarat International Finance Tec-City (GIFT City) with tax incentives, marks a significant development in Indian aircraft funding. Japanese investors, typically risk-averse and backing top-tier carriers, co-fund the aircraft alongside bank debt, leasing it to IndiGo. The deal reflects growing confidence in Indian airlines' creditworthiness and legal frameworks.