Budget 2016: Interglobe up 2%; Airbus to deliver 24 aircraft by March-2017

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26 Aug, 2025 12:21

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Moneycontrol BureauShares of Interglobe Aviation gained 2.5 percent intraday Monday. IndiGo has announced that Airbus has confirmed that beginning with March 2016, it will deliver 24 fuel efficient A320neo aircraft by March of 2017 as compared to the original plan to deliver 26 A320neos. Aditya Ghosh, President and Whole-time Director of IndiGo said, “The new A320neo powered by Pratt and Whitney’s fuel efficient geared turbo fan engines will enable us to structurally reduce our costs as fuel continues to be the single largest element of our cost structure.""This also marks the beginning of the next phase of our growth and will enable us to make air transportation far more accessible for the people of India,” he added.Posted by Rakesh Patil