IndiGo firms order for 250 A320neos

“This new order further reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas”, IndiGo President Aditya Ghosh said in a statement.

In January 2011, IndiGo ordered 180 planes worth $15 billion from Airbus, at the time the biggest order in commercial aviation history, as it builds toward its goal of a thousand-jet fleet.

On Saturday, the agreement which Airbus said was signed, that confirm an earlier provisional order by the airbus company for the 250 narrow-body planes announced previous year. Other huge A320 users comprise lower cost distributors that include Malaysia’s AirAsia and Indonesia’s Lion Air.

This plane is the upgraded and re-engined variant of the A320 family of planes and competes against Boeing’s upgraded 737 Max market right now.

Boeing has projected that narrowbody aircraft, which are used on flights of up to around five hours, will account for 70 percent of the planes required over the next 20 years.

IndiGo, India’s largest passenger carrier, is the sole airline operating in the country to report profits consistently thanks to zealous cost controls – even with India’s high fuel taxes, ramshackle airport infrastructure and vicious fare fights.

In October 2014, Airbus said IndiGo ordered 250 single-aisle A320neo jets to extend its lead over rival Boeing in India, one of the fastest growing aviation markets in the world.

IndiGo placed an order in 2005 for 100 A320s which have all now been delivered.