IndiGo order for 250 Airbus planes expires as airline prepares for IPO

Posted on 13 Jul 2015 by Cobey Bartels
The terms for the purchase of 250 Airbus A320neo planes by IndiGo has expired - image courtesy of Airbus.

Indian airline IndiGo announced that the terms for a provisional order placed to buy 250 aircraft from Airbus have expired.

The agreement made last October for the single aisle A320neo planes was worth more than $25bn at list prices and was Airbus’s single largest aircraft order ever. InterGlobe Aviation, who control IndiGo, spoke about the expired term sheet in a draft prospectus for its initial public offering (IPO) that was filed with Indian regulators in…

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