Airbus Indigo Deal

The airline will return 30 aircraft to service and release 10 from lease, but some added capacity will go to international routes, limiting domestic fare impact

Aircraft maker Airbus' annual sourcing of components and services from India will be ramped up significantly to touch USD 2 billion before 2030, its CEO Guillaume Faury has said as he emphasised that the country should play on its strengths rather than replicate what others have done in the past. For Airbus, currently the sourcing of components and services annually is to the tune of USD 1.4 billion from India, which is also one of the world's fastest growing civil aviation markets. Describing India as one of the most important markets for Airbus in terms of growth, Faury said the challenge for the aircraft maker is to support the speed of the growth of the aviation industry in India. The Airbus order book has more than 1,300 aircraft to be delivered to Indian carriers and IndiGo alone has more than 900 planes on order, including wide body A350s. Among them, there are firm orders for 50 A350s from Air India and 30 from IndiGo. Currently, there are around 700 Airbus planes in opera

Near-term outlook remains challenging as supply outpaces demand

So far this year, the world's largest planemaker has sold 227 planes - or 222 after allowing for the conversions within the IAG airline group's order book

Orea's role is going to be significant considering the transformative impact that the introduction of widebody planes is going to have at IndiGo

The boost came after the company's announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft

Singapore-headquartered BOC Aviation Ltd on Wednesday said it has entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft. "We are pleased to be closing another four finance leases with IndiGo," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest technology fuel-efficient aircraft," Townend said in a release. The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024. "We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft," said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. He further said that these aircraft will be instrumental in supporting the company's expansion plans and ...

The DGCA is currently investigating the incident on how the flight could take off without getting the ATC clearance, officials mentioned

The facility is expected to be formed under a joint venture between the two companies where each will have a 50% stake

A memorandum of understanding for the deal was signed during the Dubai Air Show in November

The Indigo deal more than doubles Airbus's previous order book for the year, which stood at about 290 aircraft