No-frills carrier IndiGo, country’s largest domestic airline by market share, on Wednesday placed a “record” order for 250 latest Airbus A-320 neo planes worth $25.5 billion or Rs 1.55 lakh crore.
IndiGo's co-founders, Rakesh Gangwal and Rahul Bhatia, who is also the group managing director of the airline's parent firm InterGlobe Enterprises, signed an MoU at the Airbus headquarters in Toulouse, France.
“The agreement becomes Airbus’ single largest order in terms of the number of aircraft, IndiGo and Airbus,” said in a joint statement. While Airbus did not provide the value of the IndiGo order, its website shows the list price per A-320 neo aircraft as $102.8 million.
IndiGo had in 2005 bought 100 A-320s and another 180 A-320 neos in 2011 for about $11 billion, which was the largest-ever at that time. The deliveries of the A-320 neos ordered in 2011 will start from next year. IndiGo is one of the launch customers for the neo planes which Airbus claims are fuel-savers.
“This new order reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas,” IndiGo president Aditya Ghosh said. “The additional aircraft will enable us to continue to bring our low fares and courteous, hassle-free service to more customers and will create more job opportunities and growth. The IndiGo team is energised and excited to herald this new phase of our growth,” Ghosh said.
Airbus executive vice-president (Strategy and Future Programmes) Kiran Rao told a news agency from Singapore that with the thrust on opening up secondary aviation market by the new Indian Government, “We are very confident that such large orders will continue to be placed by Indian carriers.”