After IndiGo, it's now Chennai based Pemier Airlines that's making headlines for having ordered a fleet of 40 Airbus A320 neo planes at a listed value of $4.3 billion.
India's sky runs a cutthroat competition among the airways. And if consummated, this will be the second-biggest order in terms of value by a newcomer after IndiGo's 100 plane purchase in 2005 besides marking the entry of an seemingly serious player into India's highly competitive aviation industry.
According to a news report in The Economic Times, the A320 neo (New Engine Option) is the latest upgraded version of Airbus' single aisle aircraft family. The latest list price of the plane, according to the manufacturer's official statement in January this year is $106.2 million. The actual deal value will however depend on discussions between Premier and Airbus and could come down after negotiations, given the size of the deal.
18/06/15 BI India Bureau/Business Insider
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India's sky runs a cutthroat competition among the airways. And if consummated, this will be the second-biggest order in terms of value by a newcomer after IndiGo's 100 plane purchase in 2005 besides marking the entry of an seemingly serious player into India's highly competitive aviation industry.
According to a news report in The Economic Times, the A320 neo (New Engine Option) is the latest upgraded version of Airbus' single aisle aircraft family. The latest list price of the plane, according to the manufacturer's official statement in January this year is $106.2 million. The actual deal value will however depend on discussions between Premier and Airbus and could come down after negotiations, given the size of the deal.
18/06/15 BI India Bureau/Business Insider
