BAJAJ BROKING
IndiGo's order of 30 A350-900 planes, estimated at $4-5 billion, underscores the airline's expansion strategy. With a fleet configuration to be decided later, deliveries are set to commence in 2027. This will offer IndiGo non-stop flight capabilities on lucrative long routes. This order adds to India's recent surge in significant aircraft purchases, positioning the country as a key player in the global aviation market.
IndiGo, India's largest airline, diversifies its fleet with a landmark order of 30 Airbus A350-900 planes, marking its foray into widebody aircraft. The order, valued between $4-5 billion, signifies IndiGo's ambition to compete on long routes and capture a larger share of India’s growing air travel market.
Additioanl Read: Share Market News
IndiGo's acquisition of A350-900 planes equips the airline to operate non-stop flights on long routes, directly challenging competitors like Air India and international carriers on lucrative routes such as India-US, India-Australia, and India-Europe.
This strategic move follows a series of significant aircraft orders in India, including Tata-run Air India Group's order for 470 planes and IndiGo's order of 500 A320neo family planes, indicating robust growth in the Indian aviation sector.
Additionally, the order includes purchase rights for an additional 70 Airbus A350 family aircraft, further highlighting IndiGo's long-term expansion plans and confidence in the future demand for air travel.
Despite challenges such as aircraft grounding, IndiGo maintained a robust market share of approximately 60% in the fourth quarter of FY 2023-24. According to industry data, IndiGo experienced a sequential increase in market share by 40 basis points in March 2024, despite an estimated grounding of 55 to 70 aircraft during this period.
IndiGo's partnership with Archer Aviation aims to revolutionise air travel with an all-electric air taxi service, scheduled to be operational by 2026. The service promises quick transportation, covering distances in less than 7 minutes, at an estimated cost of ₹2,000-3,000 per passenger.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Sources:
https://www.business-standard.com/companies/
news/indigo-places-5-billion-order-for-30-airbus-a350-900-widebody-planes-124042501164_1.html
https://www.businesstoday.in/industry/aviation/
story/domestic-carrier-indigo-orders-30-firm-airbus-a350-900-widebody-aircraft-426961-2024-04-25
Share this article:
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
ASM & GSM Meaning - List of ASM & GSM Stocks
14 Dec, 2024 | 7 Min. read
What Is Nifty BeES? A Guide to Its Benefits and Working
14 Dec, 2024 | 6 Min. read
Nifty Healthcare Index
14 Dec, 2024 | 1 Min. read
Hedging: Meaning, Types, Risks and Strategie
14 Dec, 2024 | 6 Min. read
Bollinger Bands: Meaning, How To Interpret and Use
14 Dec, 2024 | 7 Min. read
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 8 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading