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Tuesday, January 11, 2011

Airbus lands record $16 bn IndiGo order

By SiliconIndia
Paris: Indian carrier IndiGo is all set to buy 180 Airbus A320 single-aisle aircraft for $16.4 billion ( 742.24 billion). The deal is said to be the largest jet order in commercial aviation history.

Under the agreement, the Indian low-cost airline will acquire 150 of the upgraded A320 aircraft that are loaded with more fuel-efficient engines. IndiGo will also buy other 30 planes of the standard single-aisle type, Toulouse. France-based Airbus will start delivering the planes in 2016

Although the price of the deal is not yet revealed, according to Airbus' catalogue price, the deal valued at $16.4 billion. It's expected that the aircrafts deliver fuel savings of up to 15 percent, along with cuts in pollution.

Seeing the increasing number of Indians opting to travel by air as economic growth boosts incomes in the country, this move from IndiGo looks like a key one in an attempt to tap the market.

As per the data compiled by Ascend Online Fleets for trade publication Aviation Daily, IndiGo Air now has 32 A320s in service.


http://www.siliconindia.com/shownews/Indian_carrier_IndiGo_to_buy_180_A320s_for_164_Billion-nid-
77112.html

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