IndiGo signed a MoU to buy 250 A320neo planes from Airbus Group

Oct 16, 2014 10:45 IST

India's low-cost carrier IndiGo on 15 October 2014 signed a Memorandum of Understanding (MoU) to buy 250 A320neo Family aircraft worth 25.5 billion US dollars from Airbus Group. This agreement is Airbus single largest order by number of aircraft.

While Airbus did not provide the value of the IndiGo order, but its website shows the list price per A-320 neo aircraft as 102.8 million US dollars.

The deal will reaffirm IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas.

IndiGo has previously placed orders for 280 Airbus aircraft (100 A320ceo and 180 A320neo) worth about 11 billion US dollars in 2011.

Airbus A320neo Family Aircraft
The Airbus A320neo family is a family of aircraft under development by Airbus replacing the predecessor A320 family.

The A320neo (new engine option) incorporates many innovations including latest generation engines and large Sharklet wing-tip devices which together deliver 15 percent in fuel savings.

These improvements result in a per seat fuel burn saving of 20 percent compared to current engine option (CEO) jetliners as well as reduced engine noise and lower emissions.

The A320 Family is the world’s best-selling single aisle product line with almost 11000 orders to date and over 6200 aircraft delivered to 400 customers and operators worldwide.

IndiGo is an Indian airline company headquartered at Gurgaon, India. IndiGo was set up in early 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh S Gangwal, a United States-based NRI.

It is a low cost carrier and the largest airline in India with a market share of 32.6 percent as of May 2014. The airline offers 534 daily flights connecting to 36 destinations with its primary hub at Indira Gandhi International Airport. It presently has a fleet of 83 Airbus A320 aircraft.

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Read more Current Affairs on: A320neo Family aircraft , Airbus , Indigo , MoU , agreement

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