Keystone Law’s Aviation team led by partner Mario Jacovides is celebrating international recognition for their work on two landmark financing transactions for IndiGo.
Ishka Airfinance Global Deals of the Year Awards 2026 named the IndiGo French Lease transaction, valued at approximately US$311 million and involving six aircraft, Banking Loan Deal of the Year at a ceremony in New York and also received the Asia-Pacific Editor’s Deal of the Year 2026 for Innovation at the Airline Economic Awards in Singapore.
The deal was the first French lease for IndiGo in India and the first French lease financing for an Indian carrier in India, underlining the innovative nature of the transaction and the work involved in bringing a new financing structure to the Indian aviation market.
IndiGo’s recent US$328 million financing for eight Airbus aircraft was also named Supported Finance Deal of the Year 2026 at the Airline Economics Awards in Singapore.
Backed by Belgium’s export credit agency Credendo, the landmark transaction achieved an industry first, being the first Credendo-insured aviation financing globally.
The French Lease transaction and first Belgium ECA-backed aircraft financing were both executed through a Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) leasing structure. GIFT IFSC is India’s first operational International Financial Services Centre and Special Economic Zone.
Mario Jacovides said:
“Together, the awards highlight significant developments in international aircraft financing and demonstrate the increasingly diverse financing structures supporting one of the world’s largest and fastest-growing aviation markets. These awards are testament to the expertise, commitment, and teamwork of everyone involved.”
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