InterGlobe Aviation stocks hit 52-week high on 500-aircraft order deal

InterGlobe Aviation kickstarted today's trading session on the BSE at a record-high price of Rs 2499.95 per share, up 2.76%. 

The Company, operator of IndiGo, has placed the largest-ever order for 500 Airbus A320 Family aircraft which includes A320NEO, A321NEO and A321XLR aircraft models.

"IndiGo can maintain operational cost reduction, fuel efficiency, and sustainability goals with the fuel-efficient A320NEO Family aircraft, enabling the fast-growing airline to sustain growth for years to come," said Prabhudas Lilladher in a report.

Currently, IndiGo runs over 300 aircraft, and between now and the end of this decade, it still has 480 aircraft on order that will need to be delivered. 

As per the report, with this further solid order for 500 aircraft for the years 2030-2035, over 1000 aircraft still need to be delivered for IndiGo far into the next ten years.

With this latest order, which was signed on June 19, IndiGo will have placed a staggering total of 1.330 aircraft with Airbus since its founding in 2006.

Source: Media Reports