According to the latest reports, Airbus SE, the renowned European aircraft maker, will announce a ground-breaking deal with IndiGo, a prominent Indian carrier, on the first day of the prestigious Paris Air Show. The agreement is expected to include an order for 500 A320neo family planes, which will be a significant milestone for both firms.
If the planned purchase were to be accepted, it would virtually double IndiGo’s current backlog, according to insiders involved with the negotiations. Despite the fact that the discussions are ongoing in faith, sources indicate that Airbus and IndiGo are planning to announce the agreement as soon as Monday. As talks move on, the sources advised that the precise figure and the specifics of the agreement might alter.
Airbus is apparently aiming to secure a major narrowbody order with Saudi carrier Flynas Co. in addition to the prospective IndiGo purchase. Along with the IndiGo partnership, which was previously revealed by Bloomberg News, this collaboration has the potential to be another event highlight. It’s crucial to remember that talks for both transfers are still going on.
Guillaume Faury, CEO of Airbus, expressed his excitement about the Paris Air Show. He stated that the event will demonstrate the industry’s return to growth and excitement. Airbus has already confirmed deals for 60 A320 family aircraft and 10 A350s from unnamed customers ahead of the show, establishing a promising pace for the upcoming days of prospective orders.
If the deal with IndiGo comes to fruition, it will eclipse Air India’s recent order of 470 aircraft from both Airbus and Boeing as the formerly flag airline looks to reestablish its operations with a cutting-edge fleet under new management. IndiGo presently owns close to 60% of the domestic flying market share in India, where the country’s aviation industry is growing steadily.