The $50 billion agreement, at list prices, opens the Paris Air Show as demand for air travel surges IndiGo’s Airbus deal surpasses in size an agreement reached by Air India earlier this year.
LE BOURGET, France—Indian discount airline IndiGo agreed to buy 500 Airbus increase; green up pointing triangle jets, marking the largest commercial jet deal in civil-aviation history as travel rebounds after the height of the pandemic.
The firm order for the A320 family of narrow-body aircraft is valued at $50 billion at the most recently available list prices before customary discounts that can top 50%.
Global airline traffic is fast approaching prepandemic levels. With plane makers Airbus and Boeing struggling to keep up, carriers are ordering planes for delivery as many as 12 years out, far longer than during previous booms.
IndiGo’s firm order came on Monday during the first day of the Paris Air Show, an annual aviation-industry trade show typically punctuated with deals touted by Airbus and Boeing.
Excerpt from WSJ
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