InterGlobe Aviation Shares Surge Over 5 Per cent

Mumbai, Mar 11 (PTI) Shares of InterGlobe Aviation rose by over 5 per cent today as IndiGo is all set to take delivery of its maiden new engine technology aircraft A320neo, becoming the first domestic carrier to have such a plane in its fleet.

InterGlobe Aviation Shares Surge Over 5 Per cent

The stock of IndiGo's parent InterGlobe jumped 5.27 per cent to Rs 848 on BSE. At NSE, shares of the company went up by 5.22 per cent to Rs 848.80.

The eco-friendly, fuel-efficient aircraft A320neo (new engine option) is being delivered to the Gurgaon-based carrier after a delay of nearly three months.

In 2011, IndiGo had announced it would acquire 180 A320s including 150 A320neo, the largest aircraft order by any Indian carrier at that time.

IndiGo, which got listed on the bourses last year, was scheduled to start induction of these planes in December.

PTI 

Read more about: interglobe aviation
Story first published: Friday, March 11, 2016, 13:25 [IST]
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