IndiGo places firm order for 300 A320neo family aircraft

Placing one of the single largest aircraft orders, IndiGo will buy 300 Airbus 320 neo family planes as the budget carrier continues with its ambitious growth plans.

While the price details were not disclosed, the order would be worth over USD 33 billion (over Rs 2.3 lakh crore) on the basis of catalogue price of A320 neo plane that was published in 2018.

IndiGo, the country's largest airline in terms of market share, would induct long range A321XLRs in addition to A320 neos and A321 neos.

IndiGo said it would be "one of Airbus' largest aircraft orders ever with a single airline operator".

This comes on a day when the country's civil aviation regulator -- the Directorate General of Civil Aviation (DGCA) -- has ordered domestic carriers IndiGo and GoAir to modify some of their Airbus A320neo aircraft fitted with Pratt & Whitney engines, linked to in-flight shutdowns, within 15 days to avoid their grounding.

NEW DELHI: Budget carrier IndiGo on Tuesday sought the "support" of its employees following its biggest quarterly loss in the September quarter, saying that it will have to deal with the "weakening" revenue environment going forward.

Hit by higher costs related to the operating lease liabilities, IndiGo reported a net loss of Rs 1,062 crore in the September quarter as against a net loss of Rs 651.5 crore in the corresponding period a year ago.

"We will be dealing with the weakening revenue environment with a sharper focus on cost for which we seek your support. Operationally, we should continue our focus on safety, our ontime performance and on delivering a courteous, hassle free service," IndiGo chief executive officer Ronojoy Dutta said in a communication to employees.