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InterGlobe Aviation Limited — Capital/Financing Update 2023
Jun 19, 2023
61901_rns_2023-06-19_a837d9d5-c164-4bd4-945b-7c359b75edb8.pdf
Capital/Financing Update
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IGAL/SECT/06-23/03
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June 19, 2023
To To National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, C - 1, Block G BSE Limited Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra - (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Symbol: INDIGO Scrip Code: 539448
Re : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir / Madam,
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copy of a Press Release – ‘IndiGo orders 500 Airbus A320 Family aircraft’, to be released by the Company.
This is for your information and record.
Thanking you,
For InterGlobe Aviation Limited
Digitally signed SANJAY by SANJAY GUPTA Date: 2023.06.19 GUPTA 19:17:16 +05'30'
Sanjay Gupta Company Secretary and Chief Compliance Officer Membership No: FCS 7729
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InterGlobe Aviation Limited Registered Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi – 110 001, India. M +91 9650098905, F + 91 11 43513200 Email: [email protected] Corporate Office: Level1, Tower C, Global Business Park, M G Road, Gurgaon - 122 002, Haryana, India. T +91 124 435 2500. F + 91 124 406 8536 CIN no.: L62100DL2004PLC129768
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IndiGo orders 500 Airbus A320 Family aircraft
IndiGo defining its future well into the next decade to become a global aviation player.
National, June 19, 2023 : IndiGo, India's most preferred airline, is further defining its long-term future, well into the next decade, by placing a firm order for 500 Airbus A320 Family aircraft. This will provide IndiGo a further steady stream of deliveries between 2030 and 2035. This 500 aircraft order is not only IndiGo’s largest order, but also the largest-ever single aircraft purchase by any airline with Airbus. The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft.
Today IndiGo operates over 300 aircraft and has previous orders totaling 480 aircraft which are yet to be delivered between today and the end of this decade. With this additional firm order of 500 aircraft for 2030-2035, IndiGo’s order-book has almost 1.000 aircraft yet to be delivered well into the next decade. This IndiGo order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft.
The evaluation of the offers was shared and discussed with IndiGo’s Board, and consequently endorsed.
This new order will bring the strategic relationship between IndiGo and Airbus to an unprecedented depth and breadth. With this new order, since its inception in 2006, IndiGo has ordered a massive total of 1.330 aircraft with Airbus.
The fuel-efficient A320NEO Family aircraft will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability. The young and fuelefficient fleet will help IndiGo realize its sustainability ambitions, building on the already realized CO2 reduction of 21% between FY16 and FY23 .
This year IndiGo expects to welcome 100 million customers on board and as such literally giving wings to the nation. IndiGo is amongst the fastest growing airlines in the world and this order will allow it to continue this growth for many years to come.
The Indian economy is expected to further grow from being the world’s 5[th] largest today to being the 3[rd] largest before the end of this decade. For aviation specifically, the Honorable Prime Minister Modi has stated his mission to ensure that by 2030 India comes into her own on the world stage of aviation leadership by building cutting-edge infrastructure and developing India into a global aviation hub.
With IndiGo’s current fleet and the almost 1.000 aircraft yet to be delivered, IndiGo is not only well positioned to expand and densify its unparalleled network but equally importantly, IndiGo will execute its role in fully supporting fulfilling this mission.
The purchase agreement was signed on June 19[th] at the Paris Air Show 2023 in the presence of V. Sumantran, Chairman of the Board of IndiGo, Pieter Elbers, CEO of IndiGo, Guillaume Faury, CEO of Airbus, and Christian Scherer, Airbus’ Chief Commercial Officer and Head of International.
Pieter Elbers, CEO of IndiGo, said, “ It is difficult to overstate the significance of IndiGo’s new historic order for 500 Airbus A320 Family aircraft. An orderbook now of almost 1.000 aircraft well into the next decade, enables IndiGo to fulfill its mission to continue to boost economic growth, social cohesion and mobility in India. At IndiGo, we take pride in being India’s preferred airline for connectivity in and with India; and by doing so, being one of the leading airlines in the world. This order strongly reaffirms IndiGo’s belief in the growth of India, in the A320 Family and in our strategic partnership with Airbus.”
About IndiGo
IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are affordable, flights that are on time, and provide a courteous and hassle-free travel experience across its unparalleled network. With its fleet of over 300 aircraft, the airline is operating well over 1.800 daily flights and connecting 78 domestic destinations and will soon further grow its international footprint to 32 international destinations. India by IndiGo !
For more information, please visit www.goIndiGo.in or download our mobile app. You can also connect with us on Facebook, Twitter, and Instagram.