Indigo signs USD 328 million finance deal with Citi for 8 Airbus aircraft buys

October 13, 2026 3:22 PM

Indigo signs USD 328 million finance deal with Citi for 8 Airbus aircraft buys

India'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 arrang...

Airbus says most of its recalled 6,000 A320 jets now modified

December 1, 2025 4:22 PM

Airbus says most of its recalled 6,000 A320 jets now modified

Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, averting a prolonged crisis over the discovery of a space-related computer bug. Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320. Wrestling wit...

Boeing takes near $5 billion hit on much-delayed 777X program

October 29, 2025 7:11 PM

Boeing takes near $5 billion hit on much-delayed 777X program

Boeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5 billion charge due to the delays, in another series of setbacks for the aerospace giant. The 777X was central to Boeing’s long-term widebody strategy, previously dominated by its iconic 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of over $15 billion and straining its finances, while giving an opening to rival Airb...