InterGlobe Aviation Limited (NSEI:INDIGO) plan to raise INR 30 billion via Qualified institutional placement (QIP) has hit an air pocket. Sources said that given the current covid-19 pandemic situation, the airline is finding it difficult to raise funds from Middle Eastern players. Hence, it may have decided to extend the time-frame or even rethink the plan. A banking source told BusinessLine that IndiGo has been trying hard to raise funds through the QIP in the past three months. In May, IndiGo had got approval from its board with the internal deadline to raise funds, according to sources, is August 31. Another source, said that the company is weighing all options. It is waiting it out for the next few weeks to see how the third wave pans out before making another plan to raise funds or to extend the timeline for the QIP.