IndiGo to buy 250 A320 aircraft with fuel efficient, less polluting engines

New Delhi: IndiGo has signed a Memorandum of Understanding (MoU) for 250 firm A320 neo Family aircraft. The agreement will become Airbus' single largest order by number of aircraft in the World.

Co-founders of Indigo, Rakesh Gangwal and Rahul Bhatia, Group Managing Director of InterGlobe Enterprises have signed the MoU.

Aditya Ghosh, President, IndiGo said, "This new order reaffirms IndiGo's commitment to the long-term development of affordable air transportation in India and overseas. 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. The IndiGo team is energised and excited to herald this new phase of our growth." IndiGo has previously placed orders for 280 Airbus aircraft (100 A320ceo and 180 A320neo).

"The A320neo continues to dominate world market share and this commitment confirms the A320 family as the aircraft of choice in the most dynamic aviation growth markets," said Fabrice Brégier, Airbus President and CEO.

Engine selection for this order is not expected to be made in the near future. The A320neo "new engine option" incorporates many innovations, including latest generation engines and large Sharklet wing-tip devices, which together deliver 15 per cent in fuel savings from day one and 20 per cent by 2020 which is equivalent to a reduction of 5,000 tonnes of CO2 per aircraft per year.

The A320 family is the world's best-selling single aisle product line with almost 11,000 orders to date and over 6,200 aircraft delivered to 400 customers and operators worldwide.

IndiGo is India's largest airline with a market share of 32.6 per cent as of August 2014 as well as the country's largest low fare carrier and is the fastest growing low cost carrier in the world. With its fleet of 83 new Airbus A320 aircraft, the airline offers 540 daily flights connecting 36 destinations - Agartala, Ahmedabad, Bagdogra, Bangkok, Bengaluru, Bhubaneswar, Chandigarh, Coimbatore, Chennai, Delhi, Dibrugarh, Dubai, Goa, Guwahati, Hyderabad, Imphal, Indore, Jaipur, Jammu, Kathmandu, Kochi, Kolkata, Lucknow, Mumbai, Muscat, Nagpur, Patna, Pune, Raipur, Ranchi, Singapore, Srinagar, Trivandrum, Vadodara, Varanasi and Vishakhapatnam. IndiGo has flown over 80 million passengers till date.