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Airbus Wins Largest Commercial Aircraft Order In History With IndiGo’s 500-Plane Order
Forbes ^ | 19 Jun 23 | Molly Bohannon

Posted on 06/20/2023 6:08:48 AM PDT by Erik Latranyi

Airbus, a European aerospace company, announced a deal Monday to sell 500 single-aisle planes to IndiGo, India’s largest airline, in what is now the biggest plane deal in history.

The agreement will make IndiGo the world’s biggest A320 Family—the Airbus aircraft line that is one of the best-selling in the world—customer, bringing the total number of Airbus aircraft IndiGo has ordered to 1,330.

Neither of the two companies released financial details of the sale when announcing it at the Paris Air Show, though Reuters reported it’s a “multibillion-dollar deal” and the aircraft will be received between 2030 and 2035.

IndiGo CEO Pieter Elbers said in a press release the order will enable the company to fulfill “its mission to continue to boost economic growth, social cohesion and mobility in India,” which just recently surpassed China as the most populous country in the world.

“This landmark order … is democratising affordable air travel for millions of people in the world’s fastest growing aviation market,” said Christian Scherer, chief commercial officer and head of international at Airbus.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: airbus; aircraft; boeing; india
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Another example of India's rise as a new economic power on the world stage.
1 posted on 06/20/2023 6:08:48 AM PDT by Erik Latranyi
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To: Erik Latranyi

How did Boeing miss out on this?!


2 posted on 06/20/2023 6:12:19 AM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized of man.)
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To: Rummyfan

Boeing is toxic after 737 Max and failed space launch system


3 posted on 06/20/2023 6:17:39 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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To: Rummyfan

Boeing has Indians working for them. Their quality is slipping.


4 posted on 06/20/2023 6:19:30 AM PDT by ealgeone
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To: Erik Latranyi

I’d argue the 18,000 B-24s ordered for WW2 would be a bigger contract.


5 posted on 06/20/2023 6:20:26 AM PDT by ealgeone
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To: Rummyfan

Congrats to them for going for a superior company instead of a garbage, accident-prone Boeing.


6 posted on 06/20/2023 6:20:52 AM PDT by nwrep
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To: Erik Latranyi
Indian "value" airlines have a long history of making huge airplane deals then going bankrupt.

India's Go First filed for bankruptcy in May of this year after placing an order for 54 aircraft in 2021.

7 posted on 06/20/2023 6:21:18 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Erik Latranyi
Airbus, a European aerospace company, announced a deal Monday to sell 500 single-aisle planes to IndiGo, India’s largest airline, in what is now the biggest plane deal in history.

Well, as long as they aren't built with a bomb bay.

8 posted on 06/20/2023 6:21:32 AM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: Erik Latranyi

Air India purchased 470 aircraft in February.


9 posted on 06/20/2023 6:21:42 AM PDT by Ronaldus Magnus
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To: Erik Latranyi

Something tells me that Airbus doesn’t do all of that affirmative action/DEI hiring. Boeing on the other hand...


10 posted on 06/20/2023 6:23:14 AM PDT by McCarthysGhost (q)
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To: Rummyfan

Boeing only offers 2 versions of the 737 Max that are not as efficient nor as reliable as the Airbus 320 Neo series.

Boeing has sacrificed the single aisle aircraft market to Airbus.


11 posted on 06/20/2023 6:25:51 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
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To: Yo-Yo
Yup. How many of those 500 that actually get built is an open question. How many actually get paid for is an even bigger question
12 posted on 06/20/2023 6:26:23 AM PDT by rdcbn1
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To: Yo-Yo
Indian "value" airlines have a long history of making huge airplane deals then going bankrupt.

Indeed, also this "contract" may be mostly a letter of intent, buying a very few planes upfront, with grand sounding clauses to actually be confirmed at a later date. The fluff and PR benefits both the manufacturer and especially the airline itself

13 posted on 06/20/2023 6:26:28 AM PDT by PGR88
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To: Erik Latranyi

Someone is getting a nice sales commission.


14 posted on 06/20/2023 6:30:36 AM PDT by lefty-lie-spy (Stay Metal)
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To: chajin

*groan*


15 posted on 06/20/2023 6:30:37 AM PDT by null and void (I’m starting to get the feeling that everything will kill covid except the vax.)
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To: Erik Latranyi
I'm a big of an airplane geek and the international flight path out of JFK usually goes over my Connecticut home (about 15,000 feet up and climbing by that time), either on their way to Europe or to Asia.

I like to sit in my yard and track the planes going overhead with my PlaneFinder app. The Airbus outnumber the Boeing planes by at least a 2-1 ratio.

16 posted on 06/20/2023 6:30:57 AM PDT by SamAdams76 (5,301,904 Truth | 86,921,174 Twitter)
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To: Erik Latranyi
A bid issue is automation and pilot workloads. The Airbus 320 is more highly automated than the Boeing and the 320 pilot workload is much lower. This is a big advantage when dealing with third world pilots a the controls. - until something goes wrong. Airbus piloting is more akin to autopilot management and manipulation than flying an airplane.
17 posted on 06/20/2023 6:33:10 AM PDT by rdcbn1
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To: Rummyfan

“ How did Boeing miss out on this?‘

Indian company with a Dutch CEO, ‘Pieter Elbers’


18 posted on 06/20/2023 6:33:46 AM PDT by libh8er
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To: rdcbn1
How many actually get paid for is an even bigger question

Often, like with Kingfisher Airlines which was the largest Indian carrier to go bankrupt, the "purchase" is really a lease for the aircraft and the leasing company actually buys the planes. So the airline defaults on the lease payments, leaving the leasing company holding the bag.

Airbus is building 30-ish A320 NEOs per month, and already have a backlog of 1,500 aircraft. Adding another 500 to that backlog means that deliveries will be pushed way out.

19 posted on 06/20/2023 6:41:56 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: rdcbn1

In addition to your comments

“the aircraft will be received between 2030 and 2035”

That is long term planning leaving room for so much to go wrong in terms of wars, world wide depression, man made depopulation programs (more pandemics) to name a few possibilities.


20 posted on 06/20/2023 6:42:29 AM PDT by redfreedom (Joseph Stalin: "It does not mater how anyone votes, how votes are counted is what matters.")
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