Airbus Indigo Deal

Near-term outlook remains challenging as supply outpaces demand

So far this year, the world's largest planemaker has sold 227 planes - or 222 after allowing for the conversions within the IAG airline group's order book

Orea's role is going to be significant considering the transformative impact that the introduction of widebody planes is going to have at IndiGo

The boost came after the company's announcement of venturing into the wide-body space with an order placement for 30 Firm A350-900 aircraft

Singapore-headquartered BOC Aviation Ltd on Wednesday said it has entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft. "We are pleased to be closing another four finance leases with IndiGo," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "We continue to work closely with our long-time customer to support its expansion strategy as it builds a fleet of the latest technology fuel-efficient aircraft," Townend said in a release. The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024. "We are pleased to announce that we have extended our partnership with BOC Aviation through a lease agreement for four Airbus A320NEO aircraft," said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. He further said that these aircraft will be instrumental in supporting the company's expansion plans and ...

The DGCA is currently investigating the incident on how the flight could take off without getting the ATC clearance, officials mentioned

The facility is expected to be formed under a joint venture between the two companies where each will have a 50% stake

A memorandum of understanding for the deal was signed during the Dubai Air Show in November

The Indigo deal more than doubles Airbus's previous order book for the year, which stood at about 290 aircraft