New Delhi. A big and important decision has been taken by India’s largest airline Indigo. The Indigo board has decided to go ahead with the approval to buy aircraft worth $50 billion. If this approval is obtained, IndiGo will achieve another milestone and become the largest aircraft buyer in the country. Since this decision of Indigo, a new chapter is starting in the aviation line. Due to which IndiGo will establish itself as India’s largest aircraft buying company.
According to the IndiGo board, the company will place an order for 500 Airbus, which will include A320 Neo, A321 Neo, and A321 XLR aircraft. The value of this order is $ 50 billion, although this price can be even less if large-scale orders are placed. Earlier in the month of March, the purchase of 470 aircraft order placed by Air India was bigger than IndiGo. But now Indigo will go ahead in this matter. The order is significant for IndiGo as they already have deferred delivery of 477 aircraft of the same A320 family till 2030. Hence, this order will not only increase their aircraft count but will also give them the possibility to expand in the future. This can prove to be an important milestone for Indigo airline.
IndiGo, a major Indian airline, to make historic aircraft order decision today. The $50B deal, set to be aviation’s largest, eclipsing Air India’s order. #financialfreedom #investment #iArista@PratikSepuri pic.twitter.com/KNGZhPEsz7
— iArista (@iAristaArtha) June 19, 2023
IndiGo currently has over 60 per cent share of the Indian domestic market. This means that Indigo has made good use of the opportunity to expand and capture the market in a big way. They’ve gotten a great deal for scheduling their delivery slots properly. IndiGo has dealt with a major change in its commercial strategy to precisely determine airline delivery slots. Through this deal, the company plans to increase its fleet size. As a result, 100 old aircraft will be retired. This will enable IndiGo to maintain a maximum aircraft size of over 700. This will ensure that the airline is fully prepared to meet the high travel demand and is also well prepared to promote its services.