India’s largest airline by market share, InterGlobe Aviation (IndiGo), will be taking delivery of 24 Airbus A320neo Aircraft over the next thirteen months. Airbus has confirmed that beginning with March 2016, it will deliver 24 fuel efficient A320neo aircraft by March of 2017 as compared to the original plan to deliver 26 A320neos.
The new A320neo powered by Pratt and Whitney’s fuel efficient geared turbo fan engines will enable the company to structurally reduce our costs as fuel continues to be the single largest element of our cost structure.
IndiGo is India’s largest airline with a market share of 35.6% in January 2016, as well as the country’s largest low fare carrier. IndiGo is amongst the fastest growing low cost carriers in the world.
Company Name | CMP |
---|---|
Interglobe Aviation | 4004.05 |
SpiceJet | 56.11 |
Global Vectra Helico | 187.75 |
Jet Airways (I) | 46.43 |
Taneja Aerospace | 415.85 |
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