InterGlobe Aviation (IndiGo) is experiencing a positive surge in its stock price after announcing a significant agreement with Norse Atlantic Airways. The company has inked a firm agreement for a damp lease of three Boeing 787-9 aircraftwhich will be delivered in the second half of 2025. These aircraft will be used to operate long-haul routes out of Indiaexpanding IndiGo’s global footprint.
Key Details of the IndiGo-Norse Atlantic Partnership
- Agreement Details: IndiGo has entered into a damp lease agreement with Norse Atlantic Airways for three additional Boeing 787-9 aircraft.
- Delivery Timeline: The aircraft will arrive in India in the second half of 2025.
- Operational Routes: These aircraft will serve long-haul international routes from India.
Previous Agreement and Expansion Plans
This deal follows IndiGo’s previous agreement with Norse Atlantic on February 6, 2025for one Boeing 787-9, which is on track for delivery and will commence operations on the Delhi-Bangkok route from March 1, 2025. With the new agreement, IndiGo now secures a total of four Boeing 787-9 aircraftfurther solidifying its strategy to broaden its international network.
Both IndiGo and Norse Atlantic Airways are reportedly exploring additional opportunities for cooperation and may even expand the fleet further in the future.
Stock Performance and Market Insights
- Current Stock Price: ₹4,473.85 (up 0.72% from previous close)
- Market Cap: ₹1,72,925.79 crore
- 52-Week High: ₹5,033.20 (Sep 12, 2024)
- 52-Week Low: ₹3,015.10 (Mar 11, 2024)
IndiGo’s entry into this new venture reaffirms its commitment to expanding its global presencewhile also enhancing travel options for its customers. The move is expected to have a positive impact on the airline’s operational capacity in the coming years.
