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IndiGo close to buying 500 planes from Airbus: Report

Airbus is set to close a deal of selling 500 narrow-body A320-family jets to IndiGo, India’s largest airline, industry sources said on June 4.

During an airline industry conference in Istanbul, sources said the European plane-maker has emerged as the leading candidate for a large order eclipsing Air India’s historic provisional purchase of 470 jets in February.

It is estimated that such a deal would be worth around USD 50 billion at Airbus’ most recent list prices, but would probably be worth less than half that after widespread airline industry discounts for bulk orders. The industry sources said Airbus and Boeing are also still in separate talks about selling 25 A330neo or 787 wide-body jets to the same airline.

Pieter Elbers, IndiGo’s Chief Executive Officer, declined to comment on commercial matters while attending the annual meeting of the International Air Transport Association in Istanbul.

There were no comments from Airbus or Boeing as well. (Source: Moneycontrol)


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