Tuesday, October 29, 2019

India's IndiGo close to mammoth 300-plane Airbus deal: Sources

New Delhi/Paris: Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least US$33 billion at recent catalog prices to cement its position as India's largest carrier by market share.

People familiar with the matter told Reuters that IndiGo, part of InterGlobe Aviation, was putting the finishing touches on an order that would include Airbus's newest jet, a long-range version of the single-aisle A320 type called the A321XLR.
IndiGo did not immediately respond to a request for comment on Tuesday (Oct 29).

On Monday, a spokeswoman said there were no plans on the order front "as of now". Airbus declined to comment.

The expected deal caps a contest between Airbus and Boeing, which seeks a new endorsement for its grounded 737 MAX after British Airways owner IAG tentatively agreed in June to drop Airbus as its medium-haul supplier and commit to 200 MAX.

It comes days after IndiGo's biggest quarterly loss hurt by engine issues on its earlier A320neo jets.
A new deal for 300 A320neo-family aircraft would be worth US$33 billion at the most recent list prices, published in 2018, but a deal of this scale would come in well below half that after discounts, according to aircraft valuation experts.
IndiGo was among the first carriers to buy the re-engined A320neo in early 2011.
29/10/19 Channel News Asia

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