Dubai-based Emirates NBD (ENBD) has executed an aircraft finance lease facility with Indian carrier IndiGo to fund the acquisition of two Airbus A321neo aircraft, as per a press release. The Dubai-based lender is a key liquidity provider for aviation and asset-based financing across the Middle East and globally.

The largest Indian airline, IndiGo, is expanding aggressively to meet rising demand and scale routes — adding 58 aircraft in 2024. The carrier has a fleet of over 400 aircraft, operates 2.2k daily flights, and accommodates 118 mn passengers in FY 2025.

Gulf financers and lessors: The Abu Dhabi Investment Council was among Indigo’s anchor investors in its IPO in 2015. The Dubai Aerospace Enterprise leased seven Airbus A321neo jets to IndiGo in 2021, as per a press release.

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