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IndiGo Expands Fleet with 3 Boeing 787-9 Aircraft from Norse Atlantic

Synopsis:

IndiGo has signed a firm deal with Norse Atlantic Airways to damp lease three Boeing 787-9 aircraft. These planes, arriving in the second half of 2025, will support long-haul routes to Europe. IndiGo's widebody fleet will grow to six aircraft.


IndiGo has signed a firm agreement with Norse Atlantic Airways to damp lease three Boeing 787-9 aircraft. These aircraft will be delivered in the second half of 2025 and will be deployed on long-haul international routes from India. This expansion aligns with IndiGo’s strategy to strengthen its global presence and cater to the rising demand for international travel.

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INTERGLOBE AVIATION LTD

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Key Takeaways

  • IndiGo has signed a deal with Norse Atlantic Airways for three Boeing 787-9 aircraft under a damp lease.

  • The aircraft will be delivered in the second half of 2025 and will operate on long-haul routes.

  • IndiGo currently operates two Boeing 777 aircraft wet leased from Turkish Airlines.

  • The airline is actively expanding its international network, with plans to become a global player by 2030.

  • IndiGo share price may be influenced by the airline’s continued expansion in the international market.

Also read: Muthoot Finance Secures RBI Approval to Open 115 New Branches

IndiGo’s Widebody Expansion

IndiGo’s move to lease additional widebody aircraft is part of its strategy to establish a stronger presence in the international aviation market. The airline currently operates a fleet of 355 aircraft, primarily consisting of narrowbody Airbus planes. However, the addition of widebody Boeing 787-9 aircraft will enable the airline to launch long-haul flights, particularly to European destinations.

IndiGo’s Widebody Fleet Overview

Aircraft Type

Number of Aircraft

Lease Type

Primary Routes

Boeing 777

2

Wet Lease

Delhi-Mumbai-Istanbul

Boeing 787-9

4 (including 3 new)

Damp Lease

Long-haul international routes

Airbus A350-900

30 (on order)

Firm Order

Expected from 2027

Damp Lease Agreement and Future Plans

Under the damp lease agreement, Norse Atlantic Airways will provide the aircraft and maintenance, while IndiGo will handle operations and crew management. The lease period is initially set for six months, with an option to extend up to 18 months, subject to regulatory approvals.

IndiGo’s long-term fleet expansion plan includes the acquisition of 30 Airbus A350-900 aircraft, with deliveries expected from 2027. This move indicates IndiGo’s commitment to expanding its global footprint and competing in the long-haul market.

Impact on IndiGo Share Price

IndiGo's expansion into long-haul international travel could positively influence IndiGo share price, as it marks a shift from its traditional low-cost carrier model to a more diversified global airline. Investors will be closely monitoring the airline’s performance on these new routes and the financial impact of leasing widebody aircraft.

IndiGo’s agreement with Norse Atlantic Airways for three Boeing 787-9 aircraft signals a strong push towards international expansion. With a growing widebody fleet and ambitious plans for the future, IndiGo is steadily moving towards establishing itself as a global player in the aviation industry.

Also read: Bharti Airtel & Tata Group in Talks to Merge DTH Businesses

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