InterGlobe Aviation rose 1.13% to Rs 1658.90 at 11:23 IST on BSE after the company announced that it has ordered CFM International LEAP-1A engines to power 280 Airbus A320neo and A321neo aircraft.
The announcement was made after market hours yesterday, 17 June 2019.On BSE, 24,000 shares were traded in InterGlobe Aviation counter, compared to a 2-week average of 46,000 shares. The share price hit an intraday high of Rs 1673.60 and an intraday low of Rs 1649.40. It hit a 52-week high of Rs 1716 on 28 May 2019 and a 52-week low of Rs 697 on 9 October 2018.
The contract, which includes spare engines and an overhaul support agreement, is valued at more than $20 billion at list price. To support its new LEAP-1A fleet, IndiGo also signed a long-term service agreement. Delivery of the first LEAP-1A-powered A320neo is scheduled in 2020.
IndiGo has been a CFM customer since 2016 and currently operates a fleet of 17 A320ceo aircraft powered by CFM56-5B engines as part of a total fleet of 215 A320/A321 family aircraft.
InterGlobe Aviation's net profit rose 401.2% to Rs 589.59 crore on a 35.9% rise in net sales to Rs 7,883.27 crore in Q4 March 2019 over Q4 March 2018.
InterGlobe Aviation is a low-cost air carrier. With its fleet of over 230 aircraft, the airline offers around 1400 daily flights 54 domestic destinations and 19 international destinations.
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