Saudi Arabia, Canada hold first political consultations in Ottawa    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    US envoy Witkoff visits Gaza aid distribution site as starvation crisis deepens    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab    Over 1.2 million Umrah pilgrims arrive in Saudi Arabia since Dhul Hijjah 15    Iran drives out 1.5 million Afghans, with some branded spies for Israel    Kyiv toll rises to 26 after wave of Russian strikes defies Trump ceasefire demand    Young Ukrainians get their way as Zelensky overturns law to defuse crisis    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Qiwa sets 60-day window before reporting worker as absent under new contract rules    Saudi, Russian energy ministers discuss oil market and joint committee plans    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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IndiGo makes record buy in aviation history
Published in The Saudi Gazette on 23 - 06 - 2011

LE BOURGET, France: Airbus said Wednesday it had received “the biggest order in aviation history” from Indian low-cost carrier IndiGo for its hugely successful new fuel-efficient A320neo jets.
The airline ordered 180 aircraft, including 150 A320neos.
The remaining 30 aircraft will be Airbus' standard A320 single-aisle short and medium haul jets.
The firm order follows a preliminary deal signed by the two companies in January. Airbus said then that the deal was worth $15.6 billion at list prices, though Airlines often negotiate discounts.
The order is the largest ever submitted to a single company in terms of planes. The previous record was an order by China's Central Aircraft Sales Corp. for 150 aircraft each from Airbus and Boeing in 2005.
Airbus has seen a jump in sales of its A320neo, which it says is 15 percent more fuel efficient than the older model thanks to a new engine and modified wingtips. Its appeal has grown as fuel prices have skyrocketed this year.
Airbus has now racked up more than 600 orders and commitments for the A320neo since it began marketing the jet last December. Airbus' top salesman John Leahy said Wednesday it's possible Airbus will have more than 1,000 orders and commitments for the jet by the time the Paris Air Show ends this weekend.
Meanwhile, Kuwaiti leasing company Alafco said Wednesday it had signed an agreement to buy 30 Airbus A320neo medium-haul passenger jets.
“The A320neo is proving to be a very popular aircraft due to its economics and low fuel burn,” said Abulqasim Abdulghaffar Redha, the company's executive vice-president.
“We anticipate strong demand from leasing customers,” he added in a statement.
The 30 aircraft have a list price of $2.7 billion.
Alafco said earlier Wednesday it had ordered six medium-haul Airbus A350s at the Paris Air Show.
Airlines were snapping up hundreds of the A320neo, an upgraded and more fuel efficient version of the A320, the workhorse of the Airbus stable.
Airbus has now racked up more than 600 orders and commitments for the A320neo since it began marketing the jet last December.


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