The world's largest aircraft manufacturer, Airbus, has secured a record order for 500 A320-family aircraft from India's esteemed low-cost airline, IndiGo. The momentous announcement was made by Airbus at the Paris Air Show on Monday, marking it as the largest order in history in terms of sheer quantity.
IndiGo's remarkable order surpasses that of its domestic competitor, Air India, which had revealed orders and options for 470 jets from Airbus and Boeing back in February. With both India's largest airlines now gearing up for a robust expansion of air traffic in the region, a fierce competition for dominance is on the horizon.
The delivery of the Airbus A320 narrow-body aircraft is scheduled to take place between 2030 and 2035, signifying a long-term commitment. Indigo's CEO, Pieter Elbers, expressed immense enthusiasm, stating, “This is just the beginning; there is more to come.”
Considering the imminent growth of the Indian market, this major order arrives at the perfect time, as highlighted by the former KLM chief, Elbers. The order volume, based on list prices, amounts to approximately US$50 billion (£40 billio). However, the precise level of discounts, which both business partners choose not to disclose, will be deducted from this figure.
The aviation industry is witnessing a pivotal moment as IndiGo's historic order paves the way for an extraordinary expansion, while Airbus solidifies its dominance as the leading aircraft manufacturer. With their eyes set on the future, the Indian market braces itself for remarkable transformations in the skies.
