IndiGo switches 125 Air­bus A320­neo or­ders to A321 mod­els

The Sunday Guardian - - Business - REUTERS

NEW DELHI: IndiGo, In­dia’s largest do­mes­tic air­line, has switched 125 of its ex­ist­ing Air­bus A320­neo jet or­ders to the l onger range A321­neo model, ac­cord­ing to an Air­bus source.

IndiGo now has 150 of Air­bus SE’s A321­neo jets on or­der, the source said.

The or­ders showed in the of­fi­cial Oc­to­ber re­view on Air­bus’ web­site. In­terGlobe Avi­a­tion Ltd’s (INGL.NS) IndiGo is one of Air­bus’ big­gest global cus­tomers with 430 jets on or­der.

It has al­most triple the mar­ket share of near­est ri­val Jet Air­ways ( JET.NS), which re­cently grounded some planes as it strug­gles to con­serve cash and turn its busi­ness around.

IndiGo had pre­vi­ously said it plans to add to its fleet of Air­bus A320­neos and ATR 72 tur­bo­props at a rate of around 6 planes a month.

It will add 30% ca­pac­ity this fi­nan­cial year to main­tain dom­i­nance of the world’s fastest grow­ing avi­a­tion mar­ket, although its par­ent com­pany has just recorded its first quar­terly loss since list­ing.

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