New Delhi: India’s aviation market leader IndiGo Wednesday placed orders
for 250 Airbus A-320neo planes, estimated to be worth around $25.5
billion (Rs 1.55 lakh crores), making it Airbus’ largest-ever single
order.
A memorandum of understanding on this was signed at Airbus’ headquarters in Toulouse, France, by IndiGo’s co-founders Rakesh Gangwal and Rahul Bhatia, who is also managing director of the airline’s parent firm InterGlobe Enterprises. This was Airbus’ single-largest order in terms of the number of aircraft, IndiGo said.
While the value of the IndiGo order was not spelt out, the estimate of $25.5 billion is according to the value of the number of aircraft ordered. IndiGo’s move has come after previous orders of 100 A-320s in 2005 and another 180 A-320 neos in 2011, which was the largest-ever then. IndiGo is one of the launch customers for the neo planes that Airbus claims are fuel-savers. The delivery of the new planes is expected to be complete in about 12 years, by 2026.
Read news in full 16/10/14 Asian Age
A memorandum of understanding on this was signed at Airbus’ headquarters in Toulouse, France, by IndiGo’s co-founders Rakesh Gangwal and Rahul Bhatia, who is also managing director of the airline’s parent firm InterGlobe Enterprises. This was Airbus’ single-largest order in terms of the number of aircraft, IndiGo said.
While the value of the IndiGo order was not spelt out, the estimate of $25.5 billion is according to the value of the number of aircraft ordered. IndiGo’s move has come after previous orders of 100 A-320s in 2005 and another 180 A-320 neos in 2011, which was the largest-ever then. IndiGo is one of the launch customers for the neo planes that Airbus claims are fuel-savers. The delivery of the new planes is expected to be complete in about 12 years, by 2026.
Read news in full 16/10/14 Asian Age
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