IndiGo placed a record-breaking order with Airbus SE for 500 narrowbody aircraft, making a bold bet well into the next decade on an undiminished travel boom in the world’s most populous country.
India’s dominant carrier announced the deal at the Paris Air Show, giving Airbus an early win on the first day of the event while rival Boeing Co. stood on the sidelines. IndiGo will take delivery of the aircraft between 2030 and 2035, most likely mixing its fleet between the smaller A320neo and the larger A321neo type, Chief Executive Officer Pieter Elbers said.
“This is the right time for us to place this,” Elbers told a packed press conference at the air show, flanked by Airbus CEO Guillaume Faury and other executives from both companies. “No one has ever ordered an order of this magnitude.” In the space of less than two decades, IndiGo has gone from a startup to the country’s dominant carrier, with a market share exceeding 60 per cent. Air India is also trying to capture some of the market potential, having reinvented itself under new ownership and a fleet purchase plan that underscores its ambition. Akasa, which began flying last year, also wants to elbow its way in — it’s working to secure financing for a follow-on order with Airbus, Bloomberg reported earlier.
The fleet expansion also aids India’s ambition to become a connecting hub. The government has been encouraging airlines to operate more long-haul aircraft while it plows US$12 billion into airport buildout.
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