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Saturday, September 23, 2023

IndiGo sets a record by ordering 500 A320neo aircraft from Airbus

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IndiGo, a low-cost airline based in India, has ordered 500 Airbus A320neo planes for delivery between 2030 and 2035.

On June 19, 2023, during the Paris Air Show, the agreement was declared. Since IndiGo has 1,330 Airbus A320neo aircraft on order, it is the greatest single aircraft order in the history of the industry.

The airline has not yet made a decision about the precise proportion of Airbus A320neo and A321neo aircraft.

All orders are firm and without any options.

“It is difficult to overstate the significance of IndiGo’s new historic order for 500 Airbus A320 Family aircraft. An order book now of almost 1000 aircraft well into the next decade, enables IndiGo to fulfill its mission to continue to boost economic growth, social cohesion, and mobility in India,” said Pieter Elbers, the Chief Executive Officer (CEO) of IndiGo.

Elbers was previously hesitant to confirm rumors that the low-cost carrier was looking to place an order of such magnitude, saying during the International Air Transport Association (IATA) Annual General Meeting (AGM) in Istanbul, Turkey, that he would not comment on “any speculations or any drivel”. He added that IndiGo already had “a steady flow of planes coming in”.

Prior to the 500-plane deal, the airline had placed orders for 490 aircraft, including 11 ATR 72-600s and two Passenger-to-Freighter (P2F) converted Airbus A321 freighters. It now runs 315 aircraft, 165 of which are Airbus A320neo models and 85 are A321neo models.

“This landmark order marks a new chapter in Airbus and IndiGo’s relationship that is democratizing affordable air travel for millions of people in the world’s fastest-growing aviation market. It is also a resounding endorsement of the A320 Family’s best-in-class operating economics that have been powering IndiGo’s growth for almost two decades,” stated Christian Scherer, Chief Commercial Officer and Head of International of Airbus.

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