![]() The deals signed at the Paris Air Show reflect the optimistic outlook for India’s aviation market. Meanwhile, the CEO of Air India, following the February announcement, had emphasised how the aircraft order was really about “recognising the opportunity for Indian aviation” and putting the investment “for India’s benefit”.Īlso read: Nationalisation did not kill Air India, politics did. “This order strongly reaffirms IndiGo’s belief in the growth of India,” he said, adding that the company expects 100 million customers on board this year. Pieter Elbers, CEO of IndiGo, emphasised the significance of this historic order for 500 Airbus A320 family aircraft. However, actual costs for these airlines are expected to be significantly lower, as bulk orders often receive significant discounts. While IndiGo did not disclose the deal size, industry estimates suggest it is around $50 billion at list prices, which is lower than the $70 billion value of the Air India deal. Currently, the company operates a fleet of over 300 aircraft, and had previously placed an orders for 480 additional aircraft. With its order of 500 aircraft – consisting of A320 and A321 - the Indian low-cost carrier IndiGo now boasts an order book of nearly 1,000 aircraft, set to be delivered over the next decade. The airline said it is on track to “finalise another significant three-digit aircraft order”, which it will announce before the end of 2023. ![]() ![]() In addition to its existing order of 72 aircraft, India’s youngest airline, Akasa Air, also revealed plans to add four more Boeing 737 Max planes as part of its expansion strategy. IndiGo took the lead on 19 June by placing a historic order for 500 aircraft with Airbus, surpassing Air India’s February announcement to acquire 470 new aircraft whose purchase agreement it signed at the show. And that is why aviation deals is ThePrint’s Newsmaker of the Week.
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