The decision was cleared by the company’s Board of Directors at a meeting held on Friday, according to a filing released alongside its quarterly results.
As part of the move, InterGlobe Aviation will partially prepay finance lease obligations worth up to $450 million to InterGlobe Aviation Financial Services IFSC Pvt Ltd, its wholly owned subsidiary.
The subsidiary will use the funds to acquire aviation assets, including aircraft, aircraft engines and spare parts. The move is expected to help the IndiGo group own a larger share of its fleet-related assets instead of relying solely on leased equipment.
The approval comes as IndiGo continues to grow its network and strengthen its fleet.
During FY26, the airline expanded its capacity by 9.5 per cent to 172.4 billion available seat kilometres (ASKs), while carrying 123.4 million passengers during the year.
By the end of March 2026, IndiGo’s fleet had grown to 441 aircraft, making it one of the largest airline fleets in the region.
The carrier’s lineup included Airbus A320 and A321 variants, ATR turboprops, dedicated freighter aircraft, as well as Boeing 737 and Boeing 787 planes. The airline also added a net one passenger aircraft during the January-March quarter.