IndiGo to buy 250 Airbus A320neo aircraft

NEW DELHI (TIP): India’s largest domestic airline, IndiGo, has placed the single largest order ever for narrowbody aircraft by signing an agreement with Airbus for 250 A-320neo (new engine option) planes. The list price for each of these planes is $102 million, putting the collective list price of IndiGo order at a whopping $25.5 billion. The low cost carrier (LCC) had earlier placed orders for 280 A-320s and the new MoU is over and above the previous order.

IndiGo founders signed the MoU with Airbus, which described it as the European aircraft manufacturer’s “single largest order by number of aircraft”. IndiGo president Aditya Ghosh said: “This new order reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas. The additional aircraft will enable us to continue to bring our low fares and courteous, hassle free service to more customers and markets and will create more job opportunities and growth. The IndiGo team is energised and excited to herald this new phase of our growth.”

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