IndiGo, India’s largest airline in terms of market share, has placed a firm order for 500 A320 Family aircraft, marking the largest single purchase agreement in the annals of commercial aviation. The latest agreement brings IndiGo’s total Airbus aircraft orders to 1,330, establishing it as the largest A320 Family customer in the globe.
Rahul Bhatia, Promoter & Managing Director of IndiGo, Dr Venkataramani Sumantran, Chairman and Non-Executive Independent Director of IndiGo, Pieter Elbers, CEO of IndiGo, Guillaume Faury, Airbus CEO, and Christian Scherer, Airbus Chief Commercial Officer and Head of International, signed the historic purchase agreement at the Paris Air Show 2023.
IndiGo’s chief executive officer, Pieter Elbers, stated, “It is difficult to exaggerate the significance of IndiGo’s new order for 500 Airbus A320 Family aircraft. IndiGo is able to continue its mission of fostering economic growth, social cohesion, and mobility in India due to its order book of nearly 1000 aircraft that extends well into the next decade. IndiGo takes pride in being India’s preferred airline for connectivity within and to India, and thus one of the world’s foremost airlines. This order reinforces IndiGo’s confidence in India’s growth, the A320 Family, and our strategic partnership with Airbus.”
This order represents a new chapter in the relationship between Airbus and IndiGo, which is democratising affordable air travel for millions of people in the world’s fastest-growing aviation market. It is also a ringing endorsement of the A320 Family’s best-in-class operating economics, which have propelled IndiGo’s expansion for nearly two decades. We value our longstanding relationship with IndiGo and are pleased with our shared success. Christian Scherer, Chief Commercial Officer and Head of International at Airbus, stated, “We look forward to contributing to the expansion of India’s air connectivity on its domestic network and in international markets through the expansion of this formidable partnership.”
IndiGo, headquartered in New Delhi, is one of the fastest-growing airlines in the globe. Since the delivery of its first A320neo aircraft in March 2016, its A320neo Family fleet has grown to become one of the largest in the world, with 264 aircraft in operation (162 A320neo, 79 A321neo, 21 A320ceo, and 2 A321 freighters). IndiGo placed its first order with Airbus in 2005 (100 A320 Family) and again in 2011 (180 A320 Family including the NEO), 2014 (250neo Family), and 2019 (300 A320neo Family), bringing its total A320 Family aircraft order book to 830 aircraft.
The A320neo has been instrumental in democratizing air travel in India over the past two decades, as a growing economy and increasing disposable incomes continue to add millions of first-time flyers to a booming aviation market.
The A320 Family is the undisputed leader in the category of single-aisle aircraft on a global scale. The aircraft features the widest single-aisle cabin in the heavens and the most advanced technologies. It features enhanced aerodynamics and jet engines of the most recent iteration, resulting in substantial reductions in fuel consumption and emissions. With over 8,700 orders from over 130 customers, the A320neo Family is the aircraft Family of choice for airlines of all business formats around the globe.
Source- travel biz