50 SKY SHADES - World aviation news

IndiGo selects the ATR 72-600 for its ambitious plans to enter regional market

Download: Printable PDF Date: 09 May 2017 10:08 categories:
Publisher:
IndiGo selects the ATR 72-600 for its ambitious plans to enter regional market - Manufacturer publisher
Krista Kuznecova
Country: France Aircraft: Airplanes Airline: IndiGo

ATR is pleased to announce that it has signed a term sheet with India’s largest airline by market share, IndiGo, for the sale of 50 ATR 72-600 aircraft, with the flexibility to reduce the number of aircraft deliveries based on certain conditions. In a deal valued at over US$ 1.3 billion at list price, the aircraft are expected to begin operations by the end of 2017. The airline is currently preparing for an ambitious development of its regional footprint.
 
IndiGo’s plan coincides with the launch of the Indian Government’s Regional Connectivity Scheme called UDAN, aiming to boost economic development, employment and tourism by connecting small and remote cities.
 
India’s rapidly expanding domestic market represented close to 100 million passengers in 2016, and has been steadily growing by more than 20% annually. It is expected to become the world’s third largest market by 2020. Under the Regional Connectivity Scheme, 100 new airports will be created within the next two to three years, and airlines will receive financial support and other incentives to make air travel affordable. 

 
Aditya Ghosh, President of IndiGo, said: “In support of our Honourable Prime Minister Shri Narendra Modi’s UDAN vision, we are embarking on a journey to build a nation-wide regional network and connect cities that have not benefitted from the growth in Indian aviation. The ATRs low operating costs will help us build a large regional air travel network with reasonable fares. These aircraft will feature modern cabin interiors, thus making the flight a comfortable experience for our passengers. The ATR’s outstanding operational versatility, along with their capabilities to land in remote airports with limited infrastructure will help us manage our operations efficiently.” 
 
Christian Scherer, ATR’s Chief Executive Officer, declared: “IndiGo is one of the most respected, efficient and demanding airline in the world. Today they have selected the ATR 72-600s as the best solution to effectively implement their ambitious plans to build a nationwide regional network. Their decision further proves that our aircraft is the right tool to link communities and develop business throughout India.”



Loading comments for IndiGo selects the ATR 72-600 for its ambitious plans to enter regional market...


Recommended

Russian Helicopters lands first export order for Mi-171A2

Russian Helicopters has signed a contract with India’s Vectra Group to deliver a single Mil Mi-171A2 medium utility rotorcraft. This first export contract for the type was signed at Dubai Air Sh...

Boeing, Avolon Finalize Deal for 75 737 MAX Airplanes

Agreement includes firm orders for 55 MAX 8s, 20 MAX 10s and options for 20 MAX 8s Dublin-based lessor joins growing customer base of the 737 MAX 10, the newest member of Boeing's 737 MAX famil...

The PAZ satellite heads towards its launch base

Spain’s first radar satellite will be shipped next month to Vandenberg/USA ready for launch on 30 January 2018 The high resolution radar, Earth observation PAZ satellite, intended primarily t...

Latin America and Caribbean’s in-service fleet to more than double by 2036

Region’s economy predicted to grow above world’s average in the next two decades From 2017-2036 Latin America and the Caribbean will need 2,677 new passenger and freighter aircraft to m...