Indian low-cost carrier IndiGo has given Airbus its largest single order by number of aircraft, agreeing to buy 250 new A320neos. A successful initial public offering in still tumultuous air transport market conditions will be key to funding the order and would cement IndiGo's position as India's leading domestic airline. The IndiGo story is one of unusual success. As essentially all of its competitors flounder with frozen accounts, grounded airplanes and massive losses, IndiGo's focus on execution of its sharply defined business model has helped it to remain consistently profitable and growing. Analysts say IndiGo's approach not only kept it in the black, but also enabled it to build a loyal customer base in a short period. Its aircraft sale and lease-back strategy also aided in improving its balance sheet.
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