On June 28, InterGlobe Aviation Ltd, which runs low-cost carrier Indigo, became India’s top airline to reach the $1 trillion barrier in market capitalization (Mcap). The stock, which has a market capitalization of $1.01 trillion, reached a 52-week high of 2,634.25 on the BSE earlier in the day’s session. On the BSE, IndiGo shares closed 3.55 % higher than the previous close of 2,529.95 at 2,619.85 per piece.
The largest airline in India saw a 60% increase in market share, or 390 basis points, in May. After increasing by 70 basis points in April, 90 basis points in March, and 130 basis points in February, its market share was 61.3 percent. In May, the low-cost airline carried 81.10 lakh passengers.
In the largest order in commercial aviation history, IndiGo ordered 500 Airbus A320 Family planes. The airline will receive these brand-new aircraft between 2030 and 2035 for an estimated $50 billion at list prices. However, because such large sales occur at a sizable discount to list pricing, the actual cost of acquisition is anticipated to be considerably lower.
A mix of A320 Neo, A321 Neo, and A321 XLR aircraft make up the current order. “The engine selection for this order will be done in due course, and so will be the exact mix of A320 and A321 aircraft,” IndiGo said in a statement.
“This new order will provide IndiGo and Airbus’ strategic partnership a new level of depth and breadth. With this latest order, IndiGo has placed a staggering total of 1.330 aircraft orders with Airbus since its founding in 2006,” the airline stated.
|Read More: Click Here|