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India's IndiGo agrees to buy 250 Airbus A320neo aircraft

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Indian budget carrier IndiGo has agreed to buy 250 single-aisle A320neo aircraft from Airbus SA, the companies said on Wednesday, potentially marking the largest number of jets ever sold by the European planemaker in a single order. - PHOTO: AFP

[New Delhi] Indian budget carrier IndiGo has agreed to buy 250 single-aisle A320neo aircraft from Airbus SA, the companies said on Wednesday, potentially marking the largest number of jets ever sold by the European planemaker in a single order.

The deal would be worth US$25.7 billion at list prices, although airlines typically get a discount and the memorandum of understanding between the two must still be confirmed as firm orders.

Reuters reported on Tuesday that IndiGo, India's largest airline, was close to placing a large order worth billions of dollars for a variety of aircraft as it looks to expand in one of the world's fastest growing aviation markets.

IndiGo has a fleet of 83 Airbus A320s and has ordered or taken delivery of 280 Airbus aircraft, including 160 of the upgraded and re-engined A320neo model that will begin arriving next year. It was one of the first customers for the A320neo.

sentifi.com

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The provisional deal extends Airbus's lead over Boeing Co in the Indian market and could, if confirmed in coming months, close a worldwide deficit in orders versus its US rival during the first nine months of the year.

Indigo may also buy smaller regional planes and widebody long-haul jets, in addition to the narrowbody A320s, industry sources told Reuters on Tuesday.

- REUTERS

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