The Emirates NBD Bank has successfully completed an aircraft financing deal through a leasing arrangement for the Indian airline Indigo, providing funds to support the purchase of two Airbus A321neo aircraft. This transaction underscores the bank’s commitment to fostering the growth of the aviation sector in India.
This financing is part of Indigo’s strategy to reinforce its position as the leading domestic airline in India. The airline boasts one of the largest order books in the industry, continuously expanding its fleet and international presence to connect more destinations and meet the rising demand for air travel within India and to several key international locations.
Ahmad Al Qassim, the Group’s Head of Business Banking at Emirates NBD, stated, “This agreement showcases our ability to provide tailored financing structures for the aviation sector. As we broaden the range of customer service solutions offered by our aviation division, executing this deal strengthens Emirates NBD’s role as a primary provider of financial solutions for the aviation industry in the Middle East and globally. This announcement reinforces our ambition to become the long-term financial partner of choice in the aviation and asset-based financing sector by delivering global coverage, in-depth expertise, and the necessary flexibility to support industry growth.”
Riaz Bharmal, CEO of Aircraft Ownership and Financing at Indigo, expressed his enthusiasm for partnering with Emirates NBD on this deal, emphasizing his desire to enhance this successful collaboration and solidify the relationship between the two entities in the future.