IndiGo Expands Fleet with Order for 30 Airbus A350-900 Aircraft

On April 25, 2024, Interglobe Aviation Ltd (IndiGo) informed in an exchange filing that the company had entered into the wide-body space with an order for 30 Firm Airbus A350-900 aircraft.

IndiGo agreed to order 30 Firm A350-900 aircraft, which will boost IndiGo’s ability to spread its wings further and expand its network. IndiGo can connect to the world from the various Indian metros. Rolls Royce’s Trent XWB engine will power the aircraft.

The company stated that IndiGo currently operates more than 350 aircraft. Last year, in June 2023, IndiGo placed the largest-ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding order book of A320 Family aircraft stands at about 1,000 aircraft, which are yet to be delivered well into the next decade. This IndiGo order book contains a mix of A321NEO, A321XLR and A320NEO aircraft.

This new order will bring the strategic relationship between IndiGo and Airbus to an outstanding level in terms of size, breadth, and depth. With Rolls Royce, this marks the start of a long and productive relationship.

IndiGo stated that the aircraft’s exact configuration will be decided later, and deliveries are expected to start in 2027. In addition to the 30 Firm A350-900 orders, IndiGo has Purchase Rights for an additional 70 Airbus A350 Family aircraft, at its discretion, for possible future needs under certain conditions.

Before the end of this decade, the Indian economy is anticipated to grow from the 5th largest today in the world to the 3rd. Particularly in the aviation sector, the Indian government aims to establish India as a global leader by 2030, focusing on advanced infrastructure development to transform it into a prominent aviation hub. With IndiGo’s current fleet, the almost 1,000 A320 Family aircraft yet to be delivered, and today’s order for wide-body aircraft, IndiGo is positioning itself to expand and densify its unparalleled network and parallelly play its role in fulfilling the Government’s vision.

Commenting on this new order milestone, the CEO of IndiGo, Pieter Elbers, said, “Today’s historic moment marks a new chapter for IndiGo and will further shape the future of the airline and for Indian aviation at the same time. For IndiGo, after successfully pioneering the Indian skies with an unprecedented journey, its fleet of 30 Airbus A350-900 aircraft will allow IndiGo to embark on its next phase of becoming one of the leading global aviation players.”

He further added, “At IndiGo, we take pride in being India’s preferred airline and for offering connectivity to our customers, in and with India. This reaffirms IndiGo’s belief in, and commitment to, the growth of India and in our strategic partnership with Airbus.”

On April 26, 2024, the share price of Interglobe Aviation Ltd opened at ₹3,858.00, touching the day’s high at ₹3,881.40, as of 9:32 AM on the NSE.

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