Aviation

250-plane order reflects India’s growth potential: IndiGo

DELHI

After placing the largest single order for 250 aircraft with European major Airbus, IndiGo on Monday said that the purchase contract reflects stabilising trend in the Indian aviation sector.

Asserting that it is a long term player, the no-frills carrier — which has inked the order valued at little over $26 billion — said Airbus would not have agreed to the deal if it was not sure about growth prospects in India.

“We have sorted our plan for the next 10 years so that we can bring stability for the next one decade… This clearly shows that we are long term players,” IndiGo President Aditya Ghosh told PTI.

Since its launch ten years ago in 2005, the Gurgaon-based carrier — which is gearing up to list its shares — has so far placed orders for 530 Airbus planes, making it one of the largest customers of the European aircraft maker.

IndiGo has already taken delivery of all 100 Airbus A320 planes which it had ordered in 2005.

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