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IndiGo shares gain most since 2016 on $30-bn Airbus aircraft order

The stock is still below a record high of 1,898.85 rupees ($26.76) hit on Sept. 30, after slipping through October

IndiGo puts tech start-ups at the heart of its plan to become global player
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IndiGo’s order for 300 jets from the A320neo family, including the XLR long-range variant, sets it up for a sustained expansion and could help consolidate its lead in India, the world’s fastest-growing major aviation market last year.

Anurag Kotoky | Bloomberg
Indian budget airline IndiGo headed for its biggest gain in more than three years after placing a blockbuster order with Airbus SE worth over $30 billion at sticker prices.
 
Shares of IndiGo’s operator InterGlobe Aviation Ltd. surged more than 8% in Mumbai, in line for their best daily advance since early 2016. The stock is still below a record high of 1,898.85 rupees ($26.76) hit on Sept. 30, after slipping through October.
 
IndiGo’s order for 300 jets from the A320neo family, including the XLR long-range variant, sets it up for a sustained expansion and could help consolidate its

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First Published: Oct 31 2019 | 12:21 AM IST

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