Shares of InterGlobe Aviation (IndiGo) climbed 2 per cent to Rs 1,673.60 in Tuesday’s session, after the company said it has placed a $20 billion order for LEAP-1A engines with US-based CFM International to power its future fleet of 280 narrow body aircraft. The decision to go with CFM engines for its future fleet has come as IndiGo has been facing problems for the last three years in its current A320neo aircraft fleet, which are powered by Pratt & Whitney engines. — The Economic Times

Lakshmikumaran & Sridharan Attorneys advised IndiGo, led by a team of V Lakshmikumaran, principal partner N Mathivanan, corporate advisory executive partner Sudish Sharma, indirect tax partner Kapil Sharma, indirect tax joint partner Tushar Agarwal, and corporate senior associate Anantha Desikan.

2019-06-18

Deal value: Deal Size: USD 20 billion

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