IndiGo seals largest deal in aviation history; places 500 aircraft order with Airbus

In the biggest deal in the history of aviation, Indian carrier, Indigo has ordered a record 500 A320 aircraft from European manufacturer Airbus. The deal is worth a whopping $55 billion; however the actual sale prices are likely to be lower as orders of such magnitude frequently get significant discounts.

The deal, which was announced at the Paris Air Show, will surpass Air India's 470-aircraft order from March to become the largest in aviation history.

Emphasising the significance of this deal, 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."

Meanwhile, Airbus chief Guillaume Faury said Monday's signing was "an enormous milestone, to our knowledge and recollection no-one has ever ordered" so many planes at a stroke.

This deal will provide the airline further steady stream of deliveries between 2030 and 2035. With this Indigo now has an orderbook of nearly 1300 aircraft.