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Airbus (OTCPK:EADSY) (OTCPK:EADSF) on Monday received what the company described as the biggest deal in civil-aviation history with an order for 500 narrowbody jets from Indian budget carrier IndiGo. The European plane maker announced the deal, with an estimated value of $50 billion based on list prices and typical discounts, at the Paris Air Show.
The multibillion-dollar agreement surpassed Air India’s planned purchase of 470 jets, announced earlier this year. The country’s two biggest carriers are preparing for a major expansion in regional travel.
“This landmark order marks a new chapter in Airbus and IndiGo’s relationship that is democratising affordable air travel for millions of people in the world’s fastest growing aviation market,” Christian Scherer, chief commercial officer and head of international at Airbus (OTCPK:EADSY) (OTCPK:EADSF), said in a statement.
The planes will be delivered from 2030 to 2035.
IndiGo received its first A320neo narrowbody in March 2016, and now operates 264 planes including 162 A320neo’s, 79 A321neo’s, 21 A320ceo’s and 2 A321 freighters, Airbus (OTCPK:EADSY) (OTCPK:EADSF) said.
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