Indigo Airlines Confirms Order of $26.6B worth Airbus Jets

IndiGo, the largest local airline in India in terms of market share, confirmed that the company did order single-aisle jets totalling to $26.6 billion. The purchase includes 250 Airbus A320 jets.

In October of the previous year, InterGlobe Aviation, Indigo's parent company signed a draft deal with Airbus. The purchase of the jets is said to be part of the airline's goal to provide more affordable air travel.

India has been using their antiquated railway system for local travels, but airlines such as IndiGo have supported plenty of people in their domestic travels. With the new delivery of the fleet, the airline will have a total of 530 A320s that they have ordered.

Airbus CEO John Leahy said that it is their company's pride that a large airline like IndiGo keeps coming back to use their best-selling plane. The A320 is considered the world's largest-selling single aisle plane. To date, the plane has had 11,800 orders to 400 clients all around the world.

IndiGo president Aditya Ghosh said that the company will be able to provide the said goal with the help of the new fuel-efficient planes. A large number of planes will also provide more job offers for talented people.

IndiGo is said to have gained $150 M for the last fiscal year, according to a report by CAPA Center for Aviation. The company is also rumoured to be planning an action that would place IndiGo's valuation at $4 billion.

The company is said to be the first ever Indian airline to actually purchase Airbus A320neo jets. The said jet comes with energy-saving design in the form of "Sharklet" wing tip, which will allegedly help save 15 percent of fuel starting day one of operations.

China and India are becoming part of the top buyers of Airbus and Boeing. Plane makers predict that Asian countries would continue expanding their airlines and by 2020, Asian airlines would overtake the US.