Private airline IndiGo announced signing a deal for 250 Airbus A-320neo aircraft – making it Airbus’ single largest order by number of aircraft.

The Memorandum of Understanding for Airbus’ leading single aisle aircraft family was signed by its co-founders Rakesh Gangwal and Rahul Bhatia, group managing director of InterGlobe.

IndiGo President Aditya Ghosh said that the new aircraft would enable the airline to continue bringing its low fares and hassle-free service to more customers and markets, besides creating more jobs and growth.

“This new order reaffirms IndiGo’s commitment to the long term development of affordable air transportation in India and overseas,” Ghosh noted.

Earlier, IndiGo had placed orders for 280 Airbus aircraft – 100 A-320neo and 180 A-320 neo.

“The A-320neo continues to dominate world market share and this commitment confirms it as the aircraft of choice in the most dynamic aviation growth markets,” said Airbus President and CEO Fabrice Bregier.

The A-320neo ‘new engine option’ incorporates many innovations, including latest generation engines and large sharklet wing-tip devices, which together deliver 15 percent in fuel savings from day one and 20 per cent by 2020 which is equivalent to a reduction of 5,000 tonnes of CO2 per aircraft per year.

The A-320 family is the world’s best-selling single aisle product line with almost 11,000 orders till date and over 6,200 aircraft delivered globally to 400 customers and operators.

It has a wide cabin and offers the industry’s best level of comfort in all classes and Airbus’ 18-inch wide seats in economy class as a standard.

Founded in 2006, the Gurgaon-based low-cost airline commands the largest market share of over 32 percent with over 530 daily flights.