IndiGo Makes Record Commercial Aircraft Order from Airbus
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In a statement today, Airbus said that Indian carrier IndiGo ordered 180 A320s from the carrier. Of the total, 150 will be A320neo’s and 30 will be A320s.
Airbus said that the order is the single largest order in commercial aviation history. A typical A320 goes for $81.7 million per, and tack on an additional $6 million per for the A320neo. Arithmetic brings us to a total purchase price of $14.89 billion.
Airbus claims that the A320neo has specially designed wing tip devices, named Sharklets, that will deliver up to 15% in fuel savings, among other engine and operational variants that add to efficiency. IndiGo is the first airline to make a purchase of the new model.
“The A320 Family is the recognized market leader. The A320neo, offering maximum benefit for minimum change, will ensure that this continues to be the case for many years to come,” said John Leahy, Chief Operating Officer Customers. “This order positions IndiGo to take full advantage of the predicted growth in Indian air travel and we are delighted that they continue to build their future with Airbus.”
Investors may want to check out Boeing shares following the announcement. It doesn't matter how big your company is, a $15 billion order is still something that you want on your books. Boeing may have vied for the order with their 737-800 or 737-900ER models, which fall into the same price point as the A320s. Boeing shares closed 0.2% lower today.
Airbus said that the order is the single largest order in commercial aviation history. A typical A320 goes for $81.7 million per, and tack on an additional $6 million per for the A320neo. Arithmetic brings us to a total purchase price of $14.89 billion.
Airbus claims that the A320neo has specially designed wing tip devices, named Sharklets, that will deliver up to 15% in fuel savings, among other engine and operational variants that add to efficiency. IndiGo is the first airline to make a purchase of the new model.
“The A320 Family is the recognized market leader. The A320neo, offering maximum benefit for minimum change, will ensure that this continues to be the case for many years to come,” said John Leahy, Chief Operating Officer Customers. “This order positions IndiGo to take full advantage of the predicted growth in Indian air travel and we are delighted that they continue to build their future with Airbus.”
Investors may want to check out Boeing shares following the announcement. It doesn't matter how big your company is, a $15 billion order is still something that you want on your books. Boeing may have vied for the order with their 737-800 or 737-900ER models, which fall into the same price point as the A320s. Boeing shares closed 0.2% lower today.
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