READ ALSO:

IndiGo launches 16 new flights

NEW DELHI: India's largest domestic airline, IndiGo , has placed the single largest order ever for narrowbody aircraft by signing an agreement with Airbus for 250 A-320neo (new engine option) planes.The list price for each of these planes is $102 million, putting the collective list price of IndiGo order at a whopping $25.5 billion.The low cost carrier (LCC) had earlier placed orders for 280 A-320s and the new MoU is over and above the previous order.IndiGo founders signed the MoU with Airbus, which described it as the European aircraft manufacturer's "single largest order by number of aircraft".IndiGo president Aditya Ghosh said: "This new order reaffirms IndiGo's commitment to the long-term development of affordable air transportation in India and overseas. The additional aircraft will enable us to continue to bring our low fares and courteous, hassle free service to more customers and markets and will create more job opportunities and growth. The IndiGo team is energised and excited to herald this new phase of our growth."(An Airbus A350 takes off near the Airbus A320neo after its first flight event in Colomiers near Toulouse, southwestern France. File photo)Airbus president Fabrice Brégier said: "The A320neo continues to dominate world market share and this commitment confirms the A320 Family as the aircraft of choice in the most dynamic aviation growth markets. We thank IndiGo and its co-founders for their tremendous vote of confidence."The A320neo "new engine option" incorporates many innovations, including latest generation engines and large Sharklet wing-tip devices, which together deliver 15% in fuel savings.