"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-06-19T13:20:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/06/19/exp-iata-agm-stewart-pkg-061712aseg1-cnni-business.cnn"
data-branding-key=""
data-video-slug="exp-iata-agm-stewart-pkg-061712aseg1-cnni-business"
data-first-publish-slug="exp-iata-agm-stewart-pkg-061712aseg1-cnni-business"
data-video-tags="air transportation,airlines,aviation and aerospace industry,business and industry sectors,business, economy and trade,iab-air travel,iab-aviation industry,iab-business and finance,iab-industries,iab-travel,iab-travel type,transportation and warehousing"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-06-19T13:20:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/06/19/exp-iata-agm-stewart-pkg-061712aseg1-cnni-business.cnn"
data-branding-key=""
data-video-slug="exp-iata-agm-stewart-pkg-061712aseg1-cnni-business"
data-first-publish-slug="exp-iata-agm-stewart-pkg-061712aseg1-cnni-business"
data-video-tags="air transportation,airlines,aviation and aerospace industry,business and industry sectors,business, economy and trade,iab-air travel,iab-aviation industry,iab-business and finance,iab-industries,iab-travel,iab-travel type,transportation and warehousing"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-06-17T16:48:37Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/06/17/boeing-airbus-paris-air-show-bell-the-express.cnn"
data-branding-key=""
data-video-slug="boeing airbus paris air show bell the express"
data-first-publish-slug="boeing airbus paris air show bell the express"
data-video-tags="accidents, disasters and safety,air shows,air transportation,air transportation safety,air travel incidents,airbus sas,aircraft,aviation and aerospace industry,boeing 737 max,boeing co,business and industry sectors,business, economy and trade,companies,economic indicators,economy and economic indicators,melissa bell,misc people,new orders,paris air show,safety issues and practices,transportation and warehousing,travel and tourism,travel safety and security"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-04-24T12:10:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/04/24/boeing-public-confidence.cnn-business"
data-branding-key=""
data-video-slug="boeing public confidence"
data-first-publish-slug="boeing public confidence"
data-video-tags="accidents, disasters and safety,air transportation,air transportation safety,air travel incidents,boeing 737 max,boeing co,business and industry sectors,business, economy and trade,companies,computer science and information technology,safety issues and practices,software and applications,technology,transportation and warehousing,travel and tourism,travel safety and security"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-03-20T14:43:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn"
data-branding-key=""
data-video-slug="angle of attack boeing 737 max ek lon orig"
data-first-publish-slug="angle of attack boeing 737 max ek lon orig"
data-video-tags="accidents,accidents, disasters and safety,africa,air transportation,aircraft,aircraft accidents,aviation and aerospace industry,business and industry sectors,business, economy and trade,computer science and information technology,continents and regions,eastern africa,ethiopia,information management,misc people,oren liebermann,technology,transportation and warehousing"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-11-08T14:51:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/11/08/airbus-boeing-duopoly.cnn-business"
data-branding-key=""
data-video-slug="airbus boeing duopoly"
data-first-publish-slug="airbus boeing duopoly"
data-video-tags="air transportation,airbus sas,boeing co,bombardier inc,business and industry sectors,business, economy and trade,companies,embraer sa,transportation and warehousing"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2018-12-13T23:26:15Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2018/12/13/virgin-galactic-first-spaceflight-orig.cnn-business"
data-branding-key="race-to-space"
data-video-slug="Virgin Galactic first spaceflight orig"
data-first-publish-slug="Virgin Galactic first spaceflight orig"
data-video-tags="aviation and aerospace industry,business and industry sectors,business, economy and trade,companies,space and astronomy,space industry,spacecraft and satellites,virgin galactic,virgin group ltd"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-03-08T22:13:22Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/intl_business/2019/03/08/mh370-disappearance-five-years-later-qmb-pkg-vpx.cnn"
data-branding-key=""
data-video-slug="MH370 disappearance five years later qmb pkg vpx"
data-first-publish-slug="MH370 disappearance five years later qmb pkg vpx"
data-video-tags="accidents,accidents, disasters and safety,air transportation,aircraft accidents,asia,aviation and aerospace industry,beijing,business and industry sectors,business, economy and trade,celebrities,china,companies,continents and regions,east asia,kuala lumpur,malaysia,malaysia airlines,malaysia airlines flight 370,richard quest,southeast asia,technology,transportation and warehousing"
data-details="">
Video Ad Feedback
How technology has changed after MH70 disappearance
Airbus has just landed the biggest-ever aircraft order in the history of commercial aviation.
The French aerospace giant announced Monday that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035.
The deal sets “the record for the biggest single purchase agreement in the history of commercial aviation,” Airbus
(EADSY) said in a statement, and brings the total number of Airbus
(EADSY) planes IndiGo has ordered to 1,330.
Founded in 2006, IndiGo is India’s top airline by market share, according to its website. It flew 86 million customers in the last financial year.
Aviation companies are eager to capitalize on India’s strong economy and its booming population, which may well translate into higher demand for air travel further down the line. In February, IndiGo’s rival Air India ordered more than 470 jets from Airbus and Boeing
(BA).
Tech companies have also got the memo, with some expanding production and opening new stores in the country in anticipation of huge growth in their pool of customers.
The International Monetary Fund expects the South Asian nation to outperform all major emerging and advanced economies this year, logging 5.9% growth in gross domestic product. The United Nations also estimated in April that India was on track to overtake China to become the world’s most populous nation by the middle of the year, with 1.43 billion people.
Pieter Elbers, IndiGo’s chief executive, said in a statement that Monday’s order would help the company “fulfill its mission to continue to boost economic growth, social cohesion and mobility in India.” Three quarters of IndiGo’s flights travel to domestic destinations.
In India, Elbers added, “an expanding economy and rising disposable incomes continue to add millions of first-time flyers to a booming aviation market.”
