Airbus SE is nearing a deal to sell up to 500 narrowbody jets to India's IndiGo, the world's largest budget carrier, in a deal that would boost the European planemaker's recovery from the COVID-19 pandemic.
The deal, which could be announced as soon as this week, would be worth $60 billion at list prices, although airlines typically negotiate discounts. It would be the largest order in Airbus's history and would help the company to fend off competition from Boeing Co.
IndiGo has been looking to replace its aging fleet of Airbus A320neo jets and has been in talks with both Airbus and Boeing for months. The airline is also considering buying a smaller number of widebody jets, but a decision on those has not yet been made.
The deal would come as a major boost for Airbus, which has been struggling to win orders for its A321neo family of jets. The A321neo is the largest member of the A320neo family and is the most popular narrowbody jet in the world.
Airbus has been losing market share to Boeing in recent years, and the IndiGo deal would help to close that gap. The deal would also be a major win for Airbus CEO Guillaume Faury, who has been under pressure to deliver results.
The deal is also a sign of confidence in the Indian aviation market, which is expected to grow at a rapid pace in the coming years. IndiGo is the dominant player in the Indian market and is expected to continue to grow its fleet in the coming years.
The deal is also a sign of the growing importance of India to the global aviation industry. India is the world's fastest-growing aviation market and is expected to become the third-largest aviation market in the world by 2025.
The IndiGo deal is a major victory for Airbus and is a sign of the company's recovery from the COVID-19 pandemic. The deal is also a sign of confidence in the Indian aviation market and the growing importance of India to the global aviation industry.
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