This is an archived blog post from The Acorn.
Indian carriers are painting Paris red, err, saffron, white and green.
Little-known Interglobe Enterprises today placed the biggest ever aircraft order by an Indian company, for 100 planes, at the Paris Air Show.
The integrated travel company that holds the licence to operate the IndiGo airline, which plans to take off in six to nine months, placed firm orders for 100 Airbus A320s in a deal totalling $6.5 billion. This is one of the largest orders ever received by Airbus for any of its models.
The Paris Air Show, which saw major orders from Indian carriers, has been a big success for Airbus in terms of orders from India.
In total, Indian carriers have placed orders — both firm and options — for 135 aircraft with Airbus so far, while Boeing has managed orders for only 20. In terms of list price of these aircraft, the orders translate into $15 billion for Airbus and $4 billion for Boeing. [Business Standard]
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