Brief by Shorts91 Newsdesk / 12:53pm on 02 Jul 2024,Tuesday Business
In a pivotal moment for Indian aviation, Airbus initially doubted IndiGo's ambition to order 100 planes but eventually signed a landmark $6 billion deal. IndiGo founders Rakesh Gangwal and Rahul Bhatia, initially considering 20-30 aircraft, strategically concealed their plan until negotiations matured. Airbus's skepticism transformed into enthusiasm after tough negotiations with Gangwal, securing a deal benefiting both parties for over a decade. The agreement, a highlight of the Paris Air Show, underscored IndiGo's rise from skepticism to prominence in global aviation.
