IndiGo hits new peak post 500 Airbus aircraft order; experts see 28% upside

Morgan Stanley has maintained its 'Overweight' rating on the stock post the acquisition, with a target of Rs 3,126

InterGlobe Aviation, the parent firm of Ind­i­Go, India’s largest airline, has placed an order for 500 aircraft with Airbus, in the world’s largest single-tranche aircraft acquisition deal. With an order of 480 aircraft already in place, IndiGo’s total outstanding order now stands at nearly 1,000 aircraft. Moreover, with this new order, IndiGo’s total orders with Airbus since the carrier’s coming into being in 2006 has reached 1,330.

Currently, IndiGo has a fleet of about 304 aircraft. The firm’s fleet management has been its absolute bedrock in building a successful, cost-efficient airline operation, which has got a shot in the arm