IndiGo To Study All Options To Fund $15.6 Bln Airbus Order

Mumbai: Indian budget carrier IndiGo, which early Wednesday announced what Airbus said was the biggest large-jet order ever, isn't immediately concerned about how it will finance the deal--a sign of the rising confidence of players in one of the world's fastest-growing aviation markets.
"We have lots of time [to decide on financing options]," said Aditya Ghosh, president of India's largest budget carrier by market-share, adding that the company will consider all options.
"Deliveries of the aircraft start only in 2016," Ghosh told Dow Jones Newswires.
He said also that the company hasn't yet decided whether it will conduct an initial public offering.
His comments came after unlisted IndiGo said it has ordered 180 A320 planes--including 150 of the new A320neos--which Airbus said is the biggest for large jets in aviation history.
The total deal value--at list prices--is $15.6 billion.
12/01/11 Anirban Chowdhury/Dow Jones/Wall Street Journal

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