Friday 30 September 2016

Airbus secures record sale

Published 18/08/2015 | 02:30

IndiGo, India's biggest airline, firmed up an order to buy as many as 250 Airbus Group SE A320neo single-aisle jets, giving the European planemaker its biggest ever order by number of aircraft.

  • Go To

With the order, Airbus has a backlog for more than 4,100 A320neo planes, the company said yesterday. The contract, coming after an initial commitment signed last year, could be valued at as much as $26.6bn based on list prices, before customary discounts.

IndiGo's move underscores growth plans for the decade-old budget carrier, which has a 38pc share of the local market. The purchase is in line with the ambitious plans of other Asian budget carriers. India and China are among the fastest-growing markets for Airbus and rival Boeing as both forecast Asia to overtake the US as the world's biggest plane market in two decades. (Bloomberg)

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business