{"id":104318,"date":"2023-06-20T18:18:45","date_gmt":"2023-06-20T12:48:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104318"},"modified":"2023-06-20T19:02:19","modified_gmt":"2023-06-20T13:32:19","slug":"this-company-places-an-order-that-is-higher-than-the-massive-order-placed-by-the-tata-group","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-company-places-an-order-that-is-higher-than-the-massive-order-placed-by-the-tata-group\/","title":{"rendered":"This company places an order that is higher than the massive order placed by the Tata Group\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2735863282\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Interglobe Aviation, the parent company of Indigo and India\u2019s largest airline operator, opened at a fresh 52-week high of \u20b9 2490.00 apiece on the National Stock Exchange (NSE) on Tuesday, after the company placed a huge order for 500 Airbus A320 Family Aircraft.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2127141968\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Earlier this year, Tata-owned Air India struck a massive deal to add a total of 470 planes from Airbus and Boeing into their fleet, putting the carrier on a strong footing as it races to tap into the surging demand for affordable air travel. Indigo\u2019s order eclipses Air India\u2019s order and aims to further boost its leadership in India and fuel expansion to international destinations,&nbsp;<\/p><p>The deal is estimated to be at $ 50 billion, according to the most recently published Airbus list prices. The company\u2019s most expensive aeroplane was the A380 which cost around $445.6 million, while the most economical was the A318, which cost $ 77 million. However, these are indicative prices and tend to be substantially reduced as part of purchase negotiations.&nbsp;<\/p><p>The purchase agreement was signed on June 19th at the Paris Air Show 2023 in the presence of V. Sumantran, Chairman of the Board of IndiGo, Pieter Elbers, CEO of IndiGo, Guillaume Faury, CEO of Airbus, and Christian Scherer, Airbus\u2019 Chief Commercial Officer and Head of International.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-830577361\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to a press release, this order will provide Indigo a steady stream of deliveries between 2030 and 2035. The carrier operates over 300 aircraft and has 480 aircraft on backorder that are expected to arrive by the end of this decade. The latest order of 500 planes is in addition to the previous orders.&nbsp;<\/p><p>Indigo\u2019s order book has almost 1000 aircraft that are yet to be delivered and it includes a mix of A320NEO, A321NEO and A321XLR aircraft. The fuel-efficient A320NEO Family aircraft will allow IndiGo to maintain its strong focus on reducing operating costs and delivering fuel efficiency while maintaining high standards of reliability. Its young fleet will help the carrier to realize its sustainability ambitions, building on the already realized CO2 reduction of 21% between FY16 and FY23.&nbsp;<\/p><p>Indigo is among the fastest-growing low-cost carriers around the globe. It offers fares that are affordable, flights that are on time and provide a courteous and hassle-free travel experience across its unparalleled network. The company operates over 1,800 flights per day and connects 78 domestic destinations and will soon further grow its international footprint to 32 international destinations.&nbsp;<\/p><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3578279369\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Interglobe Aviation, the parent company of Indigo and India\u2019s largest airline operator, opened at a fresh 52-week high of \u20b9 2490.00 apiece on the National Stock Exchange (NSE) on Tuesday, after the company placed a huge order for 500 Airbus A320 Family Aircraft.&nbsp; Earlier this year, Tata-owned Air India struck a massive deal [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":48867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[2094,85,83,82,8943,87,84],"class_list":["post-104318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-indigo","tag-indigo-airlines","tag-indigo-airlines-share-price","tag-interglobe-aviation-limited","tag-interglobe-aviation-share-price","tag-interglobe-aviation-shareholders","tag-interglobe-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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