Indigo air7/14/2023 “This order is…basically securing IndiGo for the next 10 years. On being asked about the timing of the order, considering 480 planes are yet to be delivered to IndiGo, Elbers said that the airline is following its track record of placing orders well in advance, which allows the carrier to plan for the long term. “The fuel-efficient A320neo Family aircraft will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability,” the airline said, adding that it is one of the fastest growing carriers globally and the latest aircraft order will facilitate its growth for “many years to come”. Except for around 40 turboprop planes that IndiGo uses for its regional flights, the carrier’s entire single-aisle fleet of jets is made up of A320 family aircraft. The A320 aircraft family is the flagship range of single-aisle planes by Airbus. We still have time, plenty of time to evaluate all options and modalities on the financial part going forward,” Elbers said. “Clearly Indigo has a proven model in terms of financials. Responding to a question on how the airline plans to pay for the aircraft ordered today, the IndiGo CEO said that the carrier has “a lot of time” to work that out. This is the largest-ever single aircraft purchase by any airline with #goIndiGo /8ix3TSivITĪlso Read | Unpacking Air India’s mega Airbus, Boeing order: The details and its significance Today we have set another truly momentous and very exciting step in the journey of IndiGo as we placed a firm order for 500 Airbus of the A320 Family. However, it is worth noting that large aircraft orders usually include substantial discounts to list prices. While IndiGo did not announce the order value, industry insiders are pegging it at well over $50 billion based on list price assessments. “This will provide IndiGo a further steady stream of deliveries between 20… The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft,” the carrier said in a statement. The purchase agreement for the aircraft was signed on Monday at the Paris Air Show. With this order, India’s largest airline has dwarfed Air India’s February order for 470 Airbus and Boeing planes. IndiGo on Monday announced a mega aircraft order for 500 Airbus A320neo family planes, the largest-ever order placed by an airline in one go anywhere in the world.
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