Shares of InterGlobe Aviation (IndiGo) climbed 2 per cent to Rs 1,673.60 in Tuesday’s session, after the company said it has placed a $20 billion order for LEAP-1A engines with US-based CFM International to power its future fleet of 280 narrow body aircraft. The decision to go with CFM engines for its future fleet has come as IndiGo has been facing problems for the last three years in its current A320neo aircraft fleet, which are powered by Pratt & Whitney engines.
— The Economic Times
Lakshmikumaran & Sridharan Attorneys advised
2019-06-18
Deal value: Deal Size: USD 20 billion
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.