This marks the first A320neo jet for IndiGo as part of a five-aircraft operating lease transaction with High Ridge Aviation, with the remaining four aircraft scheduled for delivery in 2023.
High Ridge Aviation has achieved a significant milestone by delivering its first new aircraft to IndiGo, India’s largest carrier. The Airbus A320-251N, with Manufacturer Serial Number (MSN) 11613, was delivered on August 4 in Toulouse, France. This marks the first A320neo aircraft to be received by IndiGo as part of a five-aircraft operating lease transaction with High Ridge Aviation, with the remaining four aircraft scheduled for delivery in 2023.
IndiGo, a rapidly growing low-cost carrier, sees this acquisition as a strategic move to capitalize on the robust growth trajectory of the Indian economy. The country is currently one of the world’s fastest-growing civil aviation markets. Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo, emphasized the airline’s commitment to expanding its network both domestically and internationally, in alignment with the growing demand for air travel in India.
“This is an exciting milestone for High Ridge Aviation,” shared Greg Conlon, CEO. High Ridge Aviation. “We’re grateful to the team at IndiGo, and extremely honored to be building our portfolio with such a preeminent operator,” he further added.
IndiGo’s philosophy centers around affordability, punctuality, and providing a seamless travel experience for its passengers. With a fleet of over 300 aircraft, the airline operates more than 1,850 daily flights, connecting 79 domestic destinations. IndiGo’s ambitious plans include further expansion into international markets, with a goal of serving 32 international destinations in the near future.
“The Indian economy is on a trajectory of growth right now and the country is one of the fastest growing civil aviation markets in the world,” said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. “As the industry leader we are looking to consolidate our position by expanding our network both in domestic and international sectors. The team at IndiGo is pleased to have completed this transaction with High Ridge Aviation,” he further added.
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The delivery of the A320neo aircraft to IndiGo underscores the carrier’s dedication to modernizing its fleet and enhancing its operational efficiency. As the aviation industry continues to evolve, partnerships between lessors like High Ridge Aviation and leading airlines like IndiGo play a crucial role in driving growth, connectivity, and innovation in the global air travel landscape. The successful collaboration between these two entities is expected to contribute to IndiGo’s continued success in meeting the travel needs of its customers while maintaining its position as a prominent player in the aviation market.
