New Delhi. Airline Indigo has received approval to reduce foreign exchange risk and strengthen its ownership structure. Under the move, IndiGo will buy aircraft instead of leasing them, increasing the percentage of fleet ownership to 30-40% by 2030. The airline said that instead of relying traditionally on leases, it is now moving towards a balanced ownership structure and diversified financing.

Read :- How many more lives will be lost in this process, it has now become really worrying… Mamta Banerjee spoke on the suicide of BLO

The decision will hedge against foreign exchange fluctuations caused by dollar-denominated lease payments, which had contributed to a 161% widening of losses to Rs 2,582 crore in the quarter ended September. IndiGo currently has around 430 aircraft and is adding one aircraft to its fleet every week. With deliveries of A321 XLRs and A350s from 2027, IndiGo plans to grow its fleet to over 600 aircraft by 2030, which already has a large order book of 1,070 aircraft (which includes 70 A350s).