India : GoAir signs $7.7 billion deal with Airbus for 72 A320neos
Tue Jul 12 2016
Rajesh Sharma (2003 articles)

India : GoAir signs $7.7 billion deal with Airbus for 72 A320neos

FARNBOROUGH, England : GoAir, India’s fifth-biggest carrier by passengers travelled, announced on Tuesday a preliminary agreement with European planemaker Airbus to buy 72 A320neos in a deal worth about $ 7.7 billion at current list prices.

The deal will help continue GoAir’s growth, the airline said in a statement, and built on its existing order for 72 of the same aircraft which it made in 2011.

“The new aircraft will help us in unlocking new domestic routes while providing a springboard for continued international network expansion in the years to come,” Go Air CEO Wolfgang Prock-Schauer said in the statement.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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