IndiGo to buy jet engines worth $20 billion from CFM
Indigo, India’s largest domestic airline by market share, on Monday said it is ordering jet engines worth $20 billion from CFM International, a joint venture of General Electric Co. and France’s Safran SA, to power 280 Airbus A320neo and A321neo aircraft operated by it.
The latest development sees India’s biggest buyer of Airbus’s A320neo planes moving away to a rival engine maker from Pratt & Whitney (P&W), following a series of glitches that grounded several of its planes and delayed aircraft deliveries, disrupting operations. IndiGo, which held a domestic market share of 49.9% in April, has ordered 430 A320neo family jets.
The airline, operated by InterGlobe Aviation Ltd, currently has a fleet of over 230 aircraft consisting of Airbus A320, Airbus A320neo and Airbus A321 planes.
