IndiGo Airlines is all set to invest $820 million in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Pvt. Ltd., to support the purchase of new aviation assets. This subsidiary, located in GIFT City, Gujarat, will use the funds mainly to acquire aircraft and related equipment for the airline.

According to IndiGo’s filing with the stock exchange, the investment will be made through a mix of equity shares and optionally convertible preference shares. The airline will put $770 million into equity shares and another $50 million into 0.01% preference shares, and these will be issued in one or more phases. IndiGo said that this move is part of its long-term plan to shift from relying mostly on aircraft leases to a more balanced model that includes direct ownership. The a

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