INDIGO JOINS HANDS WITH ICBC
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Low Cost Carrier IndiGo has signed a Memorandum of Understanding (MoU) with ICBC Financial Leasing Company, the largest commercial bank in China. Through this MoU, ICBC will provide IndiGo financial solutions for the introduction of A320 and other aircraft to the fleet in the form of sale and lease back, financial lease or commercial lending. The airline will add about 30 aircraft to it’s fleet with the financial aid and the value of the deal would reach the amount of US$ 2.6 billion.