InterGlobe Aviation Limited has signed a Memorandum of Understanding (MoU) with CFM International for an order of 1,000+ LEAP-1A engines to power 510 Airbus A320neo Family aircraft. This agreement marks the largest single order ever placed for LEAP engines and establishes a record for CFM International. The deal includes CFM's support in establishing IndiGo's upcoming engine maintenance, repair, and overhaul (MRO) facility and a long-term material services agreement to ensure high dispatch reliability and predictable costs as the airline scales operations.

The MoU was announced on July 20, 2026, at Farnborough. Willie Walsh, Chief Executive Officer Designate at IndiGo, stated that the LEAP engine's industry-leading reliability makes it the ideal choice to support the airline's scale, operational resilience, and sustainability ambitions. IndiGo has been a CFM customer for a decade, operating a fleet that now exceeds 375 A320/321 Family aircraft. The airline first ordered LEAP-1A engines in 2019 for its A320/321neo Family aircraft.

H. Lawrence Culp, Jr., Chairman and Chief Executive Officer at GE Aerospace, noted that LEAP engines are delivering up to twice the time on wing in hot and harsh operating environments compared to when they entered service. He highlighted GE Aerospace's commitment to India, citing a strong installed base, manufacturing in Pune, a local supplier network, and advanced engineering in Bengaluru. India is CFM’s third-largest market, with five Indian carriers operating more than 400 LEAP-powered aircraft and 2,000 engines on order.

Olivier Andriès, Chief Executive Officer of Safran, emphasized that the milestone reflects the trust airlines place in the LEAP engine's performance. He stated that India is of strategic importance to Safran, with continued investments in LEAP engine production and MRO capabilities strengthening the commitment to IndiGo's growth. Safran recently inaugurated its largest MRO center for the LEAP engine, a 45,000-square-meter facility with a capacity of 300 shop visits per year.

CFM International is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines. The company has delivered more than 10,000 LEAP engines to date, experiencing the fastest ramp in commercial aviation history. CFM continues to upgrade the LEAP fleet with a high-pressure turbine durability kit and a reverse bleed system to lower maintenance burdens. The company focuses on delivering high engine availability through exceptional MRO performance and competitive cost of ownership.

Key Details of the Agreement

InterGlobe Aviation will announce its unaudited standalone and consolidated financial results for the first quarter of Fiscal Year 2027 on July 23, 2026. The company's Board of Directors is scheduled to meet to consider and approve the results for the quarter ended June 30, 2026. Following the announcement, the trading window for dealing in the company's securities will reopen after 48 hours.

Earnings Call Details

Senior management will host a 60-minute conference call to discuss the company's performance and answer questions from investors and analysts. The call is scheduled to begin at 17:00 hours IST on July 23, 2026.

The financial results will be available on the company's website and exchange websites around 16:00 hours on July 23, 2026. The conference call will be recorded and archived on the company's website, where a transcript will also be made available. Participants can pre-register to receive unique dial-in details for the event.