Indigo Flight. (File)
The board of India’s largest airline IndiGo can create a new history by breaking Air India’s record on Monday. According to the information, the low cost airline can approve the order of 500 Airbus. The total value of this order is more than 500 billion dollars i.e. 41 lakh crore rupees, but the original amount can be much less than this. The reason for this is that companies also get huge discounts on such huge orders. A320 Neo family aircraft have been ordered by Indigo. The A320neo family includes the A320neo, A321neo and A321XLR aircraft.
Target of more than 700 planes
Indigo’s order will be the biggest order in aviation history after the order of 470 aircraft from Air India in the month of March. Indigo has pending delivery of 477 aircraft of the same A320 family till 2030. This order will ensure that the airline gets an uninterrupted supply of new aircraft over the next decade. Indigo currently has more than 60 percent share of India’s domestic market. With Indigo eyeing to retire 100 aircraft by 2030, the airline wants to ensure delivery slots so that the fleet size remains stable. The company needs new aircraft to maintain its targeted fleet size of over 700 in the coming decade.
International planning of the company
The airline is likely to order 300 long-range A321 Neo and A321 XLR aircraft. These long-range aircraft can operate flights of up to eight hours and will be key to IndiGo’s expansion plans in Europe. The airline currently flies to 26 international destinations with 75 international city pairs. IndiGo CEO Peter Albers had earlier said that the airline plans to increase its international seat share from 23 per cent in FY2023 to 30 per cent in the next two years.
Company’s shares increased by 30 percent
In the last three months, the share price of Indigo Airline has seen an increase of more than 30 percent, due to which the company’s stock has increased to Rs 2426 per share. During this period, the market cap of the company has increased to about Rs 94,000 crore. In fact, the company’s stock has risen after GoFirst got grounded. Indigo and other airlines benefited a lot after GoFirst was grounded. During this, due to high demand and low supply, they have taken advantage of the increased prices.