InterGlobe Aviation, the parent company of IndiGo, has announced an investment of up to $45 million in its subsidiary, InterGlobe Aviation Financial Services IFSC. The decision was approved during the company’s board meeting.

The investment, amounting to approximately Rs 3,940 million, will be made in one or more tranches. According to regulatory filings, the allocated funds will be used to finance aviation assets, repay existing loans, and support other corporate activities of the subsidiary.

InterGlobe Aviation Financial Services IFSC was established in October 2023 and specialises in aircraft and aircraft engine leasing, along with providing financial services related to such transactions. The additional investment is expected to strengthen the subsidiary’s financial position and enhance its capabilities in the aviation leasing sector.

By expanding its financial services arm, IndiGo aims to optimise its asset management strategy and reinforce its presence in the aviation financing space. The move aligns with the airline’s broader efforts to support its operational growth and financial stability.

News courtesy: Business Standard