BREAKING NEWS: Massive IndiGo order is one of largest-ever for Airbus

BREAKING NEWS: Massive IndiGo order is one of largest-ever for Airbus
Published: 29 October 2019 - 11:51 a.m.

IndiGo has placed one of the largest-ever Airbus orders for a single airline operator.

The Indian carrier has signed a firm order for 300 A320neos, comprised of a mix of A320s, A321s and A321XLR aircraft.

The deal takes IndiGo’s total number of A320neo aircraft orders to 730.

According to the most recent list prices (2018), such a deal is estimated to be worth around $33 billion. But aircraft valuation experts say a deal of this size would fall well below half after discounts.

Ronojoy Dutta, CEO of IndiGo, said that the order is an “important milestone” for the company.

He said: “India is expected to continue with its strong aviation growth and we are well on our way to build the world’s best air transportation system, to serve more customers and deliver on our promise of providing low fares and a courteous, hassle free experience to them.”

Guillaume Faury, Airbus’ CEO, said: “We are grateful for this strong vote of confidence as this order confirms the A320neo Family as the aircraft of choice in the most dynamic aviation growth markets.

“We are pleased to see our aircraft allowing IndiGo to take full advantage of the predicted growth in Indian air travel.”

The choice of engine manufacturer for the order has not yet been decided on.

Since its first A320neo aircraft was delivered in March 2016, IndiGo‘s fleet of A320neo aircraft has grown into the world’s largest with 97 A320neo aircraft, operating alongside 128 A320ceos.

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