Hong Kong Aviation Capital Closes Sale on New Airbus A320

SYDNEY and HONG KONG, April 6, 2011 - IndiGo Airlines and Hong Kong Aviation Capital (HKAC) have successfully
closed the sale and lease back of a new Airbus A320 delivered on 30 March at
the Airbus facility in Toulouse.

HKAC closed the delivery of the new aircraft with financing from China
Development Bank.

HKAC now has a total of eight (8) A320s on lease to IndiGo.

"We are extremely pleased to have completed this transaction for IndiGo
Airlines and are looking forward to further enhancing our relationship with
the addition of another two aircraft later this year" said Donal Boylan,
HKAC's Chief Executive Officer.

"We are delighted to have completed a further financing with China
Development Bank, and look forward to working closely with CDB as our
business grows".

About Hong Kong Aviation Capital

Hong Kong Aviation Capital ("HKAC") is a diversified investor and manager
in the aviation industry. HKAC is headquartered out of Hong Kong, with
offices in Sydney and London. The firm invests in commercial aircraft leases
and financial instruments, and also provides aircraft management and advisory
services. HKAC's mission is to prudently invest in the global transportation
and infrastructure sectors for consistent and long-term returns, creating
value for its investors and clients alike. HKAC has a highly capable team
with skills and experience in both the financial industry and the management
of aircraft assets. The company's Web site can be found at
www.hongkongaviation.com.

    Media inquiries:
    Nic Jarvis
    Edelman
    Ph: +61-414-414484
    Nic.jarvis@edelman.com

    Don Takaya
    Edelman
    Ph: +61-9291-3337
    Donald.takaya@edelman.com

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