NEW DELHI: Low-cost carrier IndiGo has placed a historic order for 500 A320 planes in what appears to be the largest-ever civil aviation deal.
Europe’s Airbus announced the record order from IndiGo for 500 jets on the opening day of the Paris Airshow on Monday.
The multibillion-dollar deal is the largest ever by number of aircraft, eclipsing Air India’s provisional purchase of 470 jets earlier this year.
The deal follows months of negotiations between IndiGo and Airbus.
“This is just the beginning, there’s more going forward. With the growth of India (and) the growth of the Indian aviation market … this is the right time for us to place this order,” IndiGo Chief Executive Pieter Elbers told a news conference.
The aircraft will be delivered between 2030 and 2035.
With a list price of $55 billion — although the closely-held actual sale prices are usually lower — the deal is the largest ever civil aviation order and a “historic” step for both companies, Elbers said.
IndiGo said that the engine selection for 500 planes will be done in due course and it will be a mix of A320 and A321 aircraft.
(With inputs from agencies)
Europe’s Airbus announced the record order from IndiGo for 500 jets on the opening day of the Paris Airshow on Monday.
The multibillion-dollar deal is the largest ever by number of aircraft, eclipsing Air India’s provisional purchase of 470 jets earlier this year.
The deal follows months of negotiations between IndiGo and Airbus.
“This is just the beginning, there’s more going forward. With the growth of India (and) the growth of the Indian aviation market … this is the right time for us to place this order,” IndiGo Chief Executive Pieter Elbers told a news conference.
The aircraft will be delivered between 2030 and 2035.
With a list price of $55 billion — although the closely-held actual sale prices are usually lower — the deal is the largest ever civil aviation order and a “historic” step for both companies, Elbers said.
IndiGo said that the engine selection for 500 planes will be done in due course and it will be a mix of A320 and A321 aircraft.
(With inputs from agencies)
