GoAir signs $7.7 billion deal with Airbus for 72 Neos

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GoAir, India’s fifth biggest airline by market share, has signed an initial agreement with Airbus for 72 A320 Neo aircraft in a deal worth about $7.7 billion at current list prices at the Farnborough International Airshow.

The Wadia Group-promoted GoAir announced its latest order following a similar agreement for 72 A320 neo (new engine option) placed in 2011 bringing the total order book to 144 aircraft. The first two aircraft from this order were delivered in June.

“The new A320 neo provide us the competitive edge to achieve our growth targets and help us strengthening our presence in the wider region. The new aircraft will help us in unlocking new domestic routes while providing a springboard for continued international network expansion in the years to come,” said GoAir CEO Wolfgang Prock-Schauer.

“Go Air is among the three first A320 neo operators, and with an order for 144 is one of the leading operators of the type,” said Airbus Chief Operating Officer Customers, John Leahy.

Go Air is the first airline to use A320 NEO in Spaceflex configuration with 186 seats. GoAir has sought government’s approval to fly to 14 countries including Iran, Kuwait, Uzbekistan, Kazakhstan, Azerbaijan and Turkey.

“With the Neo induction, Go Air will expand its network. Go Air is the first airline to use A320 NEO in Spaceflex configuration with 186 seats without compromising on the passenger leg room and comfort. This configuration will also enable better service and availability during peak season for the travelers,” the company said in a press statement.

The A320 neo Family is the world’s best-selling single aisle product line with over 4,500 orders from 83 customers since its launch in 2010 capturing almost 60 percent share of the market.

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