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  • Writer's pictureBy The Financial District

Airbus Wins Order For 500 Jets From India's IndiGo

India’s IndiGo airline is buying 500 passenger jets from European planemaker Airbus, the two companies said, in a record-setting order that underscores surging demand for air travel fueled by the country’s economic growth.

Photo Insert: IndiGo, India’s dominant carrier, is buying the A320 aircraft.

IndiGo, India’s dominant carrier, is buying the A320 aircraft in what the companies said was the single biggest purchase agreement in commercial aviation history.

Executives from both companies announced the deal on the opening day of the Paris Air Show, the world’s largest event focusing on the aviation and space industry. They didn’t disclose how much the order was worth, but it would likely amount to tens of billions of dollars.

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