Smashing Indian records: IndiGo orders 250 Airbus A320neo aircraft for $25.5 bn

Despite stiff competition, low-fare airline IndiGo is ramping up its fleet by placing the largest ever order by an Indian carrier to get 250 A320neo aircraft for a total cost of $25.5 billion.

The airline said in a statement that it had signed a memorandum of understanding with Airbus to acquire 250 A320neo aircraft, which it said was the biggest order ever placed with the Airbus in terms of number of aircraft.

As per the plane manufacturer Airbus, the list price per A-320 neo aircraft is USD 102.8 million.

"The additional aircraft will enable us to continue to bring our low fares and courteous, hassle free service to more customers and markets and will create more job opportunities and growth," Aditya Ghosh, President of IndiGo was quoted as saying in the release.

The airline said that it had previously ordered 280 Airbus aircraft, of which 100 were of the A320ceo model and 180 were of the A320neo model.

The engine selection for this order is not expected to be made in the near future, the airline said in the statement.

Indigo has a fleet of 83 aircraft presently and connects 36 destinations through 540 daily flights.

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Updated Date: Oct 15, 2014 07:35:59 IST