Europe’s Airbus has secured a historic deal for 500 narrowbody jets from Indian budget carrier IndiGo, the most significant order ever placed by a single airline. The deal, worth an estimated $50 billion at list prices, eclipses Air India’s combined purchase of 470 jets earlier this year. IndiGo’s order for A320neo-family jets follows months of negotiations and is a sign of the airline’s confidence in the future of the Indian aviation market. India is the world’s fastest-growing aviation market, and IndiGo is the country’s largest airline. The new jets will be delivered between 2030 and 2035 and help IndiGo meet India’s growing air travel demand.
The deal is a significant boost for Airbus, which has been struggling to meet demand for its aircraft. The company has been plagued by production delays, which have led to cancellations and delivery delays. However, the IndiGo deal suggests that Airbus is starting to turn things around. The deal is also a significant win for India, positioning itself as a major aviation hub. The country has a growing young population, and the government invests heavily in the aviation sector. The IndiGo deal indicates that India is becoming an attractive airline market.
Some analysts have expressed concerns that the Indian carriers could be over-ordering jets to pursue the same passengers. However, IndiGo CEO Pieter Elbers said that the airline is confident in filling the new jets. He said that the Indian aviation market is still proliferating and that there is plenty of demand for new flights.