IndiGo, the largest airline in India, has made a historic announcement by placing an order for 500 Airbus A320 aircraft.
This record-breaking purchase solidifies IndiGo’s position as the airline with the largest single aircraft order in collaboration with Airbus.
IndiGo Orders Record 500 Airbus A320 Aircraft
With increased competition in the aviation industry, particularly with the entry of the TATA Group, IndiGo has successfully maintained its dominance in the Indian market, currently holding a 57.5% domestic market share as of April 2023.
In a statement, IndiGo described the order as not only its largest ever, but also the largest single aircraft purchase by any airline in partnership with Airbus. The delivery of the 500 aircraft is expected to take place between 2030 and 2035, providing IndiGo with a steady stream of new aircraft to support its growth plans.
The CEO of IndiGo, Pieter Elbers, expressed his excitement about the deal, describing it as a historic moment for both the airline and Airbus. While the official list price of the order amounts to an impressive $55 billion, the actual sale prices, typically undisclosed, are likely to be lower.
India Has Doubled Number Of Airports from 2014 to 2023
This significant aviation deal is aligned with the Indian government’s efforts to position India as a global connecting hub. The government has been investing substantial amounts in aviation infrastructure, resulting in a doubling of the number of airports in the country from 74 in 2014 to 148 in 2023.
In February of this year, Air India also made a notable deal by ordering 470 aircraft from Airbus and Boeing Co., further demonstrating India’s commitment to expanding its aviation industry. The growth prospects in the region are in line with Airbus’s prediction that the “centre of gravity” in the aviation industry will shift to Asia, with populous countries like China and India driving the market forward.
IndiGo’s historic order for 500 Airbus A320 aircraft marks a significant milestone for the airline, contributing to its future growth and establishing India as a key player in the global aviation market. With ambitious expansion plans and a focus on infrastructure development, India is well-positioned to become a major force in the industry.
