Delay in delivery of Airbus planes hits shares of Indian airline IndiGo
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INTERGLOBE Aviation shares fell by the most on record after the operator of India's largest airline said it had been forced to lease used planes while waiting for clarity on when it will receive A320neo jets from Airbus Group.
The airline, IndiGo, is in discussions with Airbus and engine manufacturer Pratt & Whitney, its president Aditya Ghosh said on Thursday. He said IndiGo is leasing as many as 22 used planes to make up for the delay.
