IndiGo shares hit all-time high on order for 30 Airbus widebody aircraft
The airline has purchase rights for an additional 70 Airbus A350 Family aircraft “for possible future needs under certain conditions”.
The airline has purchase rights for an additional 70 Airbus A350 Family aircraft “for possible future needs under certain conditions”.
The transaction was executed with the assistance of Air India’s wholly-owned subsidiary in GIFT City
IndiGo aims to double its size by the end of this decade.
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Shares of India's biggest airline by market share opened at a record high of ₹2,490 on the NSE.
With this order of 500 aircraft, IndiGo's order book has almost 1,000 aircraft yet to be delivered well into the next decade.
The airline is in talks with Airbus to lease 500 narrow-body A320 jets, which is expected to eclipse Air India's provisional purchase of 470 aircraft in February this year.
Air India recently placed the biggest aircraft order in aviation history for 470 aircraft from U.S. aircraft maker Boeing and French aerospace major Airbus