Shares of InterGlobe Aviation, the parent company of IndiGo Airlines, experienced a notable surge, climbing over 4 per cent to achieve a new 52-week high, reaching Rs 3,598.

This increase in share value came in the wake of the airline's announcement on April 10 that it had placed a significant order with Airbus for 30 Firm A350-900 aircraft.

This strategic move is set to substantially enhance IndiGo's operational network and bolster its capacity for future growth.

IndiGo, already operating a vast fleet of over 350 aircraft, marked a historic milestone in June 2023 by securing the largest single aircraft order in the industry's history, comprising 500 aircraft from Airbus.

This order included a diverse range of models such as the A320NEO, A321NEO, and A321XLR, highlighting the airline's ambitious expansion plans and its commitment to modernizing its fleet.

The specifics regarding the configuration of these new aircraft will be determined later, with deliveries anticipated to commence in 2027, as outlined in a regulatory filing by the company.

Additionally, IndiGo disclosed that it holds Purchase Rights for an extra 70 aircraft from the Airbus A350 Family, which it may exercise under certain conditions to address potential future requirements.

On the financial front, IndiGo's strategic advancements have propelled it to become the world's third-largest airline by market capitalization as of April 10.

By December 2023, it had surpassed United Airlines to rank as the sixth-largest globally, trailing only behind Delta Air Lines and Ryanair Holdings, which boast market caps of $30.4 billion and $26.5 billion, respectively.

The optimistic trajectory of IndiGo is further supported by favourable analyses from financial experts.

For instance, in late March, UBS reaffirmed its "buy" rating on the stock, underlining the strong growth prospects of the Indian aviation sector.

The brokerage firm pointed to the airline’s gains in international market share, its efficient cost structure, and operational excellence as key factors.

This positive sentiment reflects a broader confidence in IndiGo’s ability to leverage favourable industry trends and continue its track record of robust performance.