European company Airbus had a record deal with India’s Low cost airline IndiGo, as it has stayed with an earlier existed order to buy 250 A320Neo aircraft. This way IndiGo handed Airbus its biggest-ever deal in terms of quantity of planes.
IndiGo has been a buyer of Airbus Jets since 2005 and has now ordered 530 A320 family planes, as per the planemaker. The deal is worth $26.55 billion at Airbus’s list prices of aircraft.
IndiGo was found in 2006 by travel businessmen Rahul Bhatia and Rakesh Gangwal, a former CEO and Chairman of US Airways Group. IndiGo in a bid to gain a greater share of India’s fast-growing aviation sector has placed a series of orders for Airbus jets since then, with this latest one being the most valued. It is also the second-largest order by value for Airbus.
The A320neo is the new-engined and upgraded alternative of the A320 family of planes and competes against another US plane maker Boeing’s upgraded 737 Max in the narrow body aircraft segment.