Airbus Delay Wipes $1.2 Billion off India's Biggest Airline

  • Leasing old planes will raise IndiGo's expenses, analyst says
  • Carrier's fuel costs declined 20 percent as oil prices slumped

InterGlobe Aviation Ltd. shares fell by the most on record, shaving $1.2 billion off the company’s market value, after the operator of India’s largest airline said it had to lease used planes while waiting for the new single-aisle model from Airbus Group SE.

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