IndiGo, India’s largest airline, is reportedly close to placing a record order for 500 Airbus A320 family aircraft, industry sources said Sunday.
The European planemaker has emerged as front-runner for an order eclipsing Air India’s historic provisional purchase of 470 jets in February, the sources said on the sidelines of the International Air Transport Association’s (IATA) annual meeting in Istanbul.
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Such a deal would be worth some $50 billion at the most recently published Airbus list prices, but would typically be worth less than half this after widespread airline industry discounts for bulk deals, according to aircraft analysts.
Airbus and Boeing are also still competing in separate talks to sell 25 A330neo or Boeing 787 wide-body jets to the same airline, the industry sources said.
IndiGo is already one of Airbus’s largest customers and has so far ordered a total of 830 Airbus A320-family jets of which nearly 500 are still to be delivered.
By Tim Hepher, Aditi Shah, Joanna Plucinska – Reuters
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