Interglobe Aviation share price hits all-time high on 500 Airbus order

InterGlobe Aviation (IndiGo) has placed an order for 500 Airbus A320 Family aircraft. This will provide IndiGo with a further steady stream of deliveries between 2030 and 2035. This 500 aircraft order is not only IndiGo’s largest order but also the largest-ever single aircraft purchase by any airline with Airbus. The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft.  

Currently, IndiGo operates over 300 aircraft and has previous orders totalling 480 aircraft which are yet to be delivered between today and the end of this decade. With this additional firm order of 500 aircraft for 2030-2035, IndiGo’s order book has almost 1000 aircraft yet to be delivered well into the next decade. This IndiGo order book comprises a mix of A320NEO, A321NEO, and A321XLR aircraft. This new order will bring the strategic relationship between IndiGo and Airbus to an unprecedented depth and breadth. With this new order, since its inception in 2006, IndiGo has ordered a massive total of 1330 aircraft with Airbus. 

Earlier, IndiGo signed a 20-year pact with Bangalore International Airport Ltd (BIAL), which runs the airport, to sublease five acres for the 13,000 square-meter facility, which will be able to handle two narrow-body aircraft, the company said in its press release. With its fleet of over 275 aircraft, the airline is operating over 1,600 daily flights and connects 75 domestic destinations and 26 international destinations. 

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates the IndiGo passenger airline. 

Today, InterGlobe Aviation’s stock opened at Rs 2499.95, with a high and low of Rs 2499.95 and Rs 2420.00. Currently, the stock is trading at Rs 2449.45, up by 0.69%. The stock has a 52-week high of Rs 2499.95 and a 52-week low of Rs 1513.30.