Page 24 - AAA MAY - JUNE 2016 Online Magazine

FEATURE NEO
FEA TURE NEO

Neo Arrival

Indian LCC IndiGo is the first Asian airline to commence revenue operations with the Airbus A320neo
By Atul Chandra

INdIAN LOW COST CARRIER (LCC) INdIGO 20 A320Neo’s during the 2017 fiscal year.
became the first Asian airline to commence The A320neo is central to IndiGo’s plans
revenue operations with the Airbus A320neo, for the Indian market. Company officials
when it began operating the type on Indian project the Indian domestic market growing
domestic sectors from March 18. The at 20-21 per cent and the airline has a current
performance of the A320neo in service with market share of 38.4 per cent, which is likely
IndiGo is being keenly observed by other to cross 40 per cent with the induction of
carriers in the region, who will start receiving more NEOs this year. IndiGo’s fleet size
the highly fuel-efficient single aisle jetliner at present stands at 107 jetliners with an
from this year. IndiGo took delivery of its average fleet age of 4.6 years. It declared a
first A320 NEO in March and as of April, the full year Profit After Tax of Rs.19.9 billion for
LCC had four NEOs in service. Airbus has fiscal year 2016, the highest ever since the
received firm orders from IndiGo for 430 airlines inception. Asian Airlines & Aerospace
NEOs and will take delivery of an additional was afforded exclusive access inside an
24 ASIAN AIRLINES & AEROSPACE MAY/ JUNE 2016 WWW.GBP.COM.SG/AAA