Airbus announces $13 b deals with Indian cos for 125 aircraft
European aircraft maker Airbus today said it will supply 125 aircraft to domestic airlines Kingfisher, Jet Airways and soon-to-be-launched IndiGo in deals valued at 13 billion dollars.
''We have received order for supply of 100 jets in the single-aisle A320 from IndiGo and 10 aircraft from Jet Airways. The 15 planes order for Kingfisher includes 10 A380 superjumbos and other aircraft. Besides, Jet has also placed option for 10 more planes,'' Airbus Senior Vice President (Marketing) Kiran Rao told reporters here.
The planes would be sold over the next nine years. ''The planes to IndiGo will be supplied over nine years, to Kingfisher over seven years and to Jet Airways in the next three years,'' Airbus Vice President (Sales) Niger Harwood said.
The Kingfisher deal is a definitive purchase agreement for 15 aircraft. ''We are starting discussions with the other two buyers tomorrow on finalising the deal,'' Mr Rao said.
The massive order from IndiGo, being promoted jointly by InterGlobe and Mr Rakesh Gangwal, who has more than two-decades of experience with various airlines, created stir at the Paris airshow last week. IndiGo is being planned as a low-cost venture, entering the market with a nationwide network and a full fleet of jets.
''India is one of the world's most promising markets. We have projected that India needs 570 aircraft by 2023 and Airbus expects to win at least half of this 55 billion-dollar market,'' Mr Harwood said.
Against the global average of 5 per cent, air travel in India is growing at around 20 per cent, he pointed out.
European aircraft maker Airbus today said it will supply 125 aircraft to domestic airlines Kingfisher, Jet Airways and soon-to-be-launched IndiGo in deals valued at 13 billion dollars.
''We have received order for supply of 100 jets in the single-aisle A320 from IndiGo and 10 aircraft from Jet Airways. The 15 planes order for Kingfisher includes 10 A380 superjumbos and other aircraft. Besides, Jet has also placed option for 10 more planes,'' Airbus Senior Vice President (Marketing) Kiran Rao told reporters here.
The planes would be sold over the next nine years. ''The planes to IndiGo will be supplied over nine years, to Kingfisher over seven years and to Jet Airways in the next three years,'' Airbus Vice President (Sales) Niger Harwood said.
The Kingfisher deal is a definitive purchase agreement for 15 aircraft. ''We are starting discussions with the other two buyers tomorrow on finalising the deal,'' Mr Rao said.
The massive order from IndiGo, being promoted jointly by InterGlobe and Mr Rakesh Gangwal, who has more than two-decades of experience with various airlines, created stir at the Paris airshow last week. IndiGo is being planned as a low-cost venture, entering the market with a nationwide network and a full fleet of jets.
''India is one of the world's most promising markets. We have projected that India needs 570 aircraft by 2023 and Airbus expects to win at least half of this 55 billion-dollar market,'' Mr Harwood said.
Against the global average of 5 per cent, air travel in India is growing at around 20 per cent, he pointed out.
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