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Airbus (OTCPK: EADSY) (OTCPK: EADSF) on Monday received what the company described as the largest deal in the history of civil aviation with an order for 500 narrow-body jets from Indian airline IndiGo. announced the European aircraft maker Dealwith an estimated value of $50 billion based on typical list prices and discounts, at the Paris Airshow.
The multi-billion dollar agreement surpassed Air India’s planned purchase of 470 aircraft, which was announced earlier this year. The country’s two largest carriers are preparing for a major expansion of regional travel.
“This historic order marks a new chapter in Airbus and IndiGo’s relationship that is working to democratize affordable air travel for millions of people in the world’s fastest-growing aviation market,” Christian Scherer, Chief Commercial Officer and Head of International Affairs, Airbus (OTCPK: EADSY) (OTCPK:EADSF), in a statement.
The aircraft will be delivered from 2030 to 2035.
IndiGo took delivery of its first A320neo in March 2016 and now operates 264 aircraft including 162 A320neo, 79 A321neo, 21 A320ceo and 2 A321, according to Airbus (OTCPK: EADSY) (OTCPK: EADSF).
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