The $328 million facility covers six A321s and two A320s, marking the first ECA-backed aircraft financing through a GIFT IFSC leasing structure and Credendo's aviation debut
Country's largest carrier Indigo has signed a USD 328 million financing deal with Citi to buy eight narrow-body planes to be manufactured by Airbus. This is the world's first aviation financing transaction insured by the Belgian export credit agency (ECA) Credendo, and the maiden ECA-backed aircraft financing structured through the GIFT IFSC, according to a statement. The financing will help Indigo procure six A321s and two A320s, it said. Global banking major Citi acted as sole mandated arranger, ECA coordinator and sole lender, with the financing backed by Credendo's credit insurance, it added. The transaction was executed through Indigo's subsidiary, InterGlobe Aviation Financial Services IFSC and provides a "competitive and diversified source of long-term funding" for the carrier's fleet and network growth, it said. "By combining Citi's cross-border aviation and ECA financing expertise with Credendo's credit insurance and IndiGo's GIFT IFSC platform, we have delivered a ...
"The source of the issue has been identified, contained and a remedy is available. All newly coated stringers conform to all requirements," Airbus spokesperson said
Airbus forecasts about 42,000 new aircraft will be required globally over the next 20 years, and about 45% of those will be delivered to the fast-growing Asia-Pacific region
Airbus' initial analysis showed the plane registered losses in all three hydraulic systems, which use pressurised fluid to power flight controls and other equipment, in quick succession.
The August 4 incident involving an Airbus A320 saw a sudden altitude loss of around 300 feet while cruising, leaving 13 passengers and four crew members injured
Honeywell said the IndiGo deal includes auxiliary power units, weather radar, traffic collision avoidance systems, flight management systems and aftermarket support
The deal is potentially worth about $6.8 billion, based on Ishka data that values new A220-300s jets at $45 million apiece
Stacking Up in Bengaluru: Airbus Secures 3rd, 4th, and Ground Floors for ₹97 Lakh a Month
Bullish on the growth potential of the Indian market, aerospace major Airbus plans to produce 10 H125 helicopters annually from the final assembly line, established in collaboration with Tata Advanced Systems in Karnataka, by 2029. Asserting that helicopters can be a tool for "nation building", as well as public services, Airbus Helicopters CEO Bruno Even said efforts would continue to contribute to the development of the ecosystem in India. "We strongly believe in the potential of the helicopter market in India... we strongly believe that H125 helicopters can be a key enabler to boost this civil helicopter market in India," Even told PTI in an interview in the national capital. Airbus, along with Tata Advanced Systems Ltd (TASL), has set up the country's first private sector helicopter Final Assembly Line (FAL) for the H125 at Vemagal in Karnataka. On February 17, Prime Minister Narendra Modi and French President Emmanuel Macron virtually inaugurated the facility. According to Ev
Artificial Intelligence (AI) is a responsible enabler designed to augment human capability and not a replacement for expertise, Airbus India chief Jurgen Westermeier said on Wednesday. The President and Managing Director for India and South Asia at Airbus also said that AI should be seen as a bridge that helps to be more efficient and optimise resources on the way to the net-zero goals. He was speaking at a session of the AI Impact Summit here. Aircraft maker Airbus has a significant presence in India. Westermeier said Al is not a replacement for expertise, rather it is a responsible and ethical enabler designed to augment human capability. "Whether through predictive maintenance, optimising logistics or streamlining complex engineering, Al allows us to move from abstract ambition to practical, high-impact results," he said. He also stressed that for any industry to thrive in the coming decades, sustainability must be embedded into its design and governance from the outset, and n
The Kathmandu-Istanbul Turkish Airlines flight declared a PAN PAN emergency after its right engine caught fire mid-air and diverted safely to Kolkata with all 236 passengers on board unharmed
Air India converts order for A321neos to A321XLRs
India's commercial aircraft fleet will triple in size to 2,250 aircraft over the next decade, as the country grows to become the third-largest civil aviation market in the world by 2035, a senior official of the aircraft maker Airbus said on Thursday. Addressing a press conference on the sidelines of Wings India 2026, Jurgen Westermeier, President and Managing Director, Airbus India and South Asia said the fleet expansion is driven both by the Indian aviation market boom and the Indian airlines' ambition to expand on international routes. Passengers traffic in India will grow at 8.9 per cent per annum by 2035, the fastest among the major economies and well above the long term global average, he further said.
Airbus CEO Guillaume Faury said multiple trade pressures had already 'caused significant collateral damage, logistically and financially'
Bangladesh has decided in principle to procure 14 aircraft from US multinational Boeing, opting out of its rival European conglomerate Airbus after a protracted competition that also saw extensive diplomatic engagement by the countries concerned. State-run BSS news agency reported that Biman Bangladesh Airlines decided to procure the Boeing aircraft at its annual general meeting as part of its fleet expansion plan. "The approved order comprises eight Boeing 787-10 Dreamliners, two Boeing 787-9 Dreamliners and four Boeing 737-8 Max aircraft," the report said, adding, however, that the deal would be finalised following further price negotiations and after meeting other terms set by Biman's techno-finance committee.
Recent Airbus A320 groundings and IndiGo flight disruptions have put India's fast-growing aviation sector under the spotlight, raising questions over fleet reliability and safety oversight
Engine supplies have been under scrutiny as planemakers look to increase production of new jets while airlines compete with assembly lines for supplies to address long engine repair times
The suspected production flaw is delaying some deliveries but there are no immediate indications that it has reached aircraft in service, the sources said, asking not to be named
But some require a longer process and Colombia's Avianca continued to halt bookings for dates until December 8