Fuel-efficient fleet will allow IndiGo to offer lower fares

This order for industry-leading fuel efficient aircraft will allow IndiGo to continue to offer low fares... The opportunity to reduce costs and to improve our environmental performance through the A-320 neo were key to our decision," said a joint statement of airline founders Rahul Bhatia and Rakesh Gangwal.
Airbus, however, was ecstatic. Shares of the aircraft manufacturer's parent company EADS touched a three-year high as Airbus India president Kiran Rao termed it the "beginning of the second wave of orders from India after 2005". Last year, India's second largest LCC SpiceJet had placed orders for 30 Boeing 737s and 15 Bombardiers turboprops. Other airlines are also expected to place orders this year, signalling the return of good time for Indian skies, and the fact that the country's current commercial aircraft fleet of 400 could double in just a few years.
The unlisted and privately-held IndiGo did not disclose its plans for funding the order and just said that it had "72 months to work on that", amid talk of an IPO for some time now.
13/01/11 Times of India

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Categories: Foreign Jan 2011, Indigo Airlines Jan 2011, New Jan 2011