French Airbus has won an order from Indian low-cost airline Indigo worth around SEK 300 billion for the A320 Neo model, according to a press release on Tuesday. The order is one of Airbus' largest in history, and comes at a time when rival Boeing is grappling with problems surrounding its rival Max model after two accidents.
The purchase makes Indigo the largest owner of the A320 Neo in the world after an order described as crucial for a newly emerging Indian aviation market. The country's commercial aviation market is currently the fastest growing in the world, according to Bloomberg, and Indigo's market share has grown rapidly, accounting for about half of the total number of domestic flights.
Airbus shares traded up about 2 percent in generally negative European stock market trading on Tuesday. The price increase contributed to the CAC40 on the Paris Stock Exchange being the only major European stock market index to trade in the red.
The CEO of competitor Boeing, whose stock was trading around zero before opening in New York, will appear before Congress on Tuesday to give testimony about the certification process that led to the Max model being put into service.
Since the Max stop was introduced last winter, Boeing has only sold a handful of aircraft of the current A320 Neo competitor.
growth in the world right now, according to Bloomberg, and Indigo's market share has increased rapidly, accounting for about half of the total number of domestic trips.
Source: Nyhetsbyrån Direkt
