Dhaka, March 2 -- India's largest airline, IndiGo, has secured Japanese equity financing for two Airbus A320 family aircraft, marking a first-of-its-kind transaction for an Indian carrier.

The financing was executed through a Japanese Operating Lease with Call Option (JOLCO) structure, a model widely used by leading global airlines. The arrangement is considered more cost-effective than conventional debt funding and opens access to a funding pool historically reserved for top-tier international operators.

Industry experts described the deal as a watershed moment for aircraft financing in India, signaling growing confidence in the credit profile of Indian airlines and the country's evolving legal framework.

Under the JOLCO structure, Ja...