Airbus has announced the company’s biggest ever single order. The aerospace giant, who recently patented an innovative new design for a supersonic passenger jet, has secured its biggest ever single order for planes in a deal with Indian airline IndiGo worth £17 billion.
The order for 250 A320neo jets brings the airline’s total number of A320s up to 530. Founded in 2006 and based just outside of New Delhi in Gurgaon, IndiGo is India’s largest carrier with 35.8 percent of the country’s market share.
Airbus A320neo - Image courtesy of Airbus Group
IndiGo currently services multiple destinations within India as well maintains routes to Nepal, Oman, the UAE, Singapore and Thailand. The purchase of the fuel efficient Airbus A320neo will allow the airline to expand its services whilst still maintaining its USP as India’s biggest budget airline. It also comes with a boost to the local economy as flight crews and maintenance crews will be required to fly and maintain this vast new fleet.
Airbus enjoyed a two percent share price jump in early trading after the news was announced. Overall Airbus shares have increased by eight percent during the last 12 months. Boeing, Airbus' primary competitor, will no doubt be disappointed as they continue to attempt to break into the narrow body aircraft market.
The news comes days after it was announced that the ESA has awarded a €2.4 billion (£1.71 billion) contract to Airbus Safran for the development and industrialisation of the Ariane 6 launcher.
The Ariane 6 is the latest in the Ariane family of launch vessels from the European Space Agency and is set for test flight in 2020 and expected to enter active service in 2023. €680 million will be delivered up front for initial development of the rocket culminating in a design review in 2016.
Concept for the Ariane 64 (4 booster) Launcher - Image courtesy of the European Space Agency
Two versions of the launcher are planned: the Ariane 62 will have two solid boosters and will be used for government and scientific missions. The Ariane 64 will have four boosters destined for deliver bigger payloads and undertaking commercial dual-satellite launches.
Airbus Safran is a fifty-fifty venture between Airbus Group and Safran with the stated aim of ensuring European independent access to space. Securing the Ariane 6 contract is the first step towards that aim.
We’ve enjoyed a long and productive relationship with Airbus so we’re naturally very excited about everything happening within the Group.
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