Indian low-cost carrier (LCC) IndiGo has signed a letter of intent for up to 50 ATR 72-600 regional turboprops. The deal is valued at more than $1.3 billion at list prices and the initial aircraft are anticipated to start operations by the end of 2017. The order, announced May 9, gives New Delhi-based IndiGo the flexibility to cut the number of aircraft it orders in certain circumstances. The criteria for such a reduction were not explained. IndiGo describes itself as India’s ...

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