Mumbai, June 20 – IndiGo, the leading domestic budget airline in India, has made an unprecedented move in the country’s aviation history by deciding to acquire 500 planes. The airline has signed an agreement with Airbus to purchase narrow-body aircraft, surpassing the record set by Tata-owned Air India’s monumental order of 470 aircraft from Boeing.
IndiGo’s Milestone Acquisition:
IndiGo, currently operating 300 flights, has already placed an order for 480 planes, which are yet to be delivered. With the recent decision to acquire an additional 500 aircraft scheduled for delivery between 2030 and 2035, IndiGo’s total order volume for the upcoming decade reaches a staggering thousand aircraft. The airline confirmed this remarkable feat through an official statement.
Details of the Deal:
The latest order includes A320 Neo, A321 Neo, and A321 XLR aircraft models. While the financial specifics of the deal have yet to be disclosed, industry experts estimate the value of this monumental agreement to be around $50 billion. This massive investment solidifies IndiGo’s dominant position in the domestic aviation sector, where the airline currently holds a remarkable 56% market share.
IndiGo’s decision to purchase 500 aircraft marks a significant milestone in the history of Indian aviation. Surpassing Air India’s previous record, this colossal deal reflects the airline’s commitment to expansion and its ambition to further strengthen its position in the market. With the order comprising advanced aircraft models, IndiGo sets its sights on continued growth and success in the coming years.
