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Sunday 26 October 2014

One of top five aircraft purchase deals in aviation history: Rao

New Delhi: It took five days of grueling negotiations in Paris last week for IndiGo and Airbus to sign the biggest ever single order deal for narrow body aircraft. The "very little sleep" days started Wednesday when IndiGo founders Rahul Bhatia and Rakesh Gangwal and airline president Aditya Ghosh started the make-or-break talks with Airbus's top three — president and CEO Fabrice Bregier, COO John Leahy and Airbus India president Kiran Rao.


Finally, the deal was cleared on Sunday morning when the six managed to finalize a "win-win" deal which Airbus's Kiran Rao describes as "one of the top five aircraft purchase deals in aviation history". Speaking to TOI from Singapore, Rao said, "In terms of single aisle orders, this one hits all record books. IndiGo is the largest customer for A-320 and A-320neo (new engine option) planes. It Read News In full "16/10/14 Saurabh Sinha/Times of India

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