Airline News
IndiGo firms up 250 A320 order
August 24th 2015
Gurgaon-based IndiGo, India's largest airline with a 38% market share, has finalised the purchase of 250 A320neo aircraft, handing Airbus its largest-ever order (by the number of planes) in a deal worth $26.55 billion at list prices. Read More » The agreement confirmed the provisional order announced last October. IndiGo has now ordered 530 A320-Family aircraft from Airbus. The latest deal helped extend Airbus's lead in the narrow-body aircraft segment. IndiGo will accept delivery of the new planes from 2018 until 2026, the airline's president, Aditya Ghosh, told Reuters. As with previous orders, IndiGo will perform sale and leaseback transactions on the majority of the aircraft, he said.
At Jet Airways, the Mumbai-based carrier last week delivered a positive verdict about its tie-up with Etihad Airways. The Abu Dhabi carrier’s 24% strategic investment in Jet is producing “strong results for both airlines”, the two carriers said. It said it had achieved synergies in network growth and revenue enhancement as well as operational and cost rationalization. Etihad chief, James Hogan, said: “Before our equity deal with Jet Airways, we had 2% of international traffic out of India. Today, with Jet Airways, we have 21% of the market. Combined we are the dominant carriers out of India. Jet Airways is now our number one equity partner for revenue and passenger contribution on Etihad Airways. India is now Abu Dhabi’s number one source market for international visitors.” Etihad and Jet operate 15 direct routes between Abu Dhabi and India. Etihad has its code on 60 predominantly domestic Jet routes. Jet has added its designator to 33 Etihad services.
