IndiGo shares rise 3%, hit 52-week high on record 500-aircraft order

InterGlobe Aviation’s shares reached a 52-week high of INR2,500 ($33) in Tuesday’s trading following an order of 500 Airbus A320 family aircraft, the largest single purchase order for any airline with Airbus, and worth approximately $50bn. IndiGo is set to receive the planes between 2030-2035. The purchase will further raise the airline’s leading position in India, which is the third-largest aviation market, and contribute to further expansion in international destinations. The current order will make InterGlobe Aviation the world’s biggest A320 family customer with 1,330 Airbus aircraft in total on order.