World Economy

Indigo Buys 250 Airbus Jets

Indigo Buys 250 Airbus JetsIndigo Buys 250 Airbus Jets

Airbus says Indian budget airline IndiGo has finalized an exceptionally large order for 250 single-aisle A320neo jets, AP reported. IndiGo, India’s largest domestic airline, had signed a preliminary order last year and firmed it up Monday, Airbus said in a statement. Airbus called it the company’s biggest ever order by number of jets. At list prices, the jets would cost $26 billion, though customers usually negotiate discounts. Several Asian low-cost carriers are building up fleets amid growing demand. IndiGo’s president Aditya Ghosh said the order would allow his company to further develop low-cost travel in India and abroad. The A320neo is an upgraded, more fuel-efficient version of Airbus’ popular A320 jets.