IndiGo to buy 180 aircraft

Ashwini Phadnis | Updated on June 22, 2011

An Indigo aircraft at the IGI Airport in New Delhi.(file photo)

The Delhi-based low cost airline, IndiGo sealed the deal for 180 Airbus aircraft including 150 Airbus A-320 New Engine Option (NEO) aircraft on Wednesday. The deal is valued at about $ 15.6 billion.

IndiGo could pay a premium of $ 900 million for the 150 NEO aircraft. Airbus charges a premium of $ 6.2 million for each NEO on the Airbus A-319, A-320 and A-321 aircraft.

According to Airbus, the premium is charged as the NEO promises 15 per cent fuel burn savings among other benefits such as noise reduction and lower maintenance and operating costs.

The Wednesday announcement follows firming up of the Memorandum of Understanding signed in January this year for 150 A320neo and 30 A-320.

The delivery of the new aircraft is expected to begin in 2016.

The latest order in addition to the firm order for 100 A-320 placed in June 2005. The airline has taken delivery of 44 of the 100 planes ordered earlier.

Published on June 22, 2011

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