News By/Courtesy: Kabir Jaiswal | 08 Jul 2019 16:39pm IST

HIGHLIGHTS

  • Indigo has ordered jet engines worth $20 billion to power 280 Airbus A320 and A321 neo aircraft operated by CFM International
  • IndiGo's in-house team has been working on this agreement with Lakshmi, Kumaran & Sridharan (LKS) and Gibson Dunn.
  • During the present fiscal year, the airline will add 53 narrow body aircraft, including 15 Airbus A321, apart from delivering 11 ATR aircraft, Mint reported.

Indigo has ordered jet engines worth $20 billion to power 280 Airbus A320 and A321 neo aircraft operated by CFM International, a joint venture between General Electric Co. and France's Safran SA.

IndiGo's in-house team has been working on this agreement with Lakshmikumaran & Sridharan and Gibson Dunn. The in-house Indigo team included General Counsel Priya Mehra, Associate General Counsel — Sarah Rufus and Zubin Masani, Senior Legal Counsel — Joydeep Sarkar and Ankita Kumar, Navneet Anand, Senior Legal Counsel.

The L&S team advised mostly on tax problems and worked under the general oversight and guidance of Managing Partner V Lakshmikumaran, along with Principal Partner N Mathivanan, Executive Partner Sudish Sharma (Corporate Advisory) and Partner Kapil Sharma (Indirect Tax Advisory). The other team members included joint partner Tushar Agarwal (Indirect Tax Advisory) and senior partner Anantha Desikan (Corporate Advisory).

Gibson Dunn has recommended Indigo on the prospect of U.S. law and partner David Wilf has led the squad. The in-house team recommended CFM International. The airline presently has a fleet of over 230 aircraft composed of Airbus A320, Airbus A320neo and Airbus A321 planes, operated by InterGlobe Aviation Ltd. During the present fiscal year, the airline will add 53 narrow body aircraft, including 15 Airbus A321, apart from delivering 11 ATR aircraft, Mint reported.

Section Editor: Sandeep G | 08 Jul 2019 18:41pm IST


Tags : #Indigo

Latest News







Copyright Kalyan Krishna MediaZ Private Limited. All rights reserved. Unless otherwise indicated, all materials on these pages are copyrighted by Kalyan Krishna MediaZ Private Limited. All rights reserved. No part of these pages, either text or image may be used for any purpose. By continuing past this page, you agree to our Terms of Service, Cookie Policy, Privacy Policy and Content Policies.