Aviation

IndiGo, world’s biggest buyer of Airbus A320neo jets, will continue to add planes to its fleet despite Covid squeeze

IndiGo, India’s biggest airline, said it will keep adding new aircraft to its fleet even as it can’t give any firm guidance on future capacity growth because of the coronavirus pandemic, which destroyed demand for air travel in one of the world’s fastest-growing aviation markets.

The airline, the world’s biggest customer for Airbus SE’s best-selling A320neo jets, plans to return its entire fleet of 120 older, fuel-guzzling planes to lessors in the next two years, Chief Executive Officer Ronojoy Dutta said in a conference call with analysts and investors after the carrier reported fourth-quarter earnings Tuesday. “Almost all or close to all” of those aircraft will be replaced by new jets, Dutta said, without giving a time frame for that to happen.

“We are in active discussions with Airbus — we will take a large number,” Dutta, who runs the airline operated by InterGlobe Aviation Ltd., said on the call. “It will all depend on the revenue picture and the pricing we get and so forth, but we will take a large number.”

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