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IndiGo CEO
The insurance premium for aircraft is expected to go up as there are elements of the geopolitical situation, inflationary pressures and accidents, IndiGo CEO Pieter Elbers said on Wednesday. The country's largest airline, which is in discussions on finalising the insurance premiums, has a fleet of over 400 planes, and the fleet is expanding. During a virtual interaction post announcing the June quarter results, Elbers said the insurance premiums always follow some of the trends in the market and "we do expect them to go up and we're still finalising some of the discussion in what magnitude that would be". Without mentioning the possible quantum of increase in premiums, he said there are different elements coming together, including the entire geopolitical situation, and there are overall inflationary pressures. "And then clearly, when accidents are happening, and not only the one which happened in India, but on the global scale, insurers operate on the global scale. They look at ..
IndiGo expects to carry 112 million passengers in 2024 and is on the way to become a leading player in global aviation, its chief Pieter Elbers has said. In 2023, the country's largest airline has flown over 100 million passengers. India is one of the world's fastest-growing civil aviation markets and IndiGo, which has a domestic market share of 63.6 per cent, is also expanding its international network. In a statement to PTI on the outlook for 2025, CEO Elbers said A321 XLRs will be arriving next year. These narrow-body planes have a longer range and will help the airline to start longer-duration direct international flights. IndiGo, flying for the last 18 years, has a fleet of over 400 aircraft and also placed an order for 30 wide body A350-900 widebodies. "An airline so young expects to welcome over 112 million customers in 2024, after crossing the 100 million annual customers bar last year," Elbers said. Aligning with India's vision to establish itself as an aviation hub, he
India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday. IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations. The airline connects 32 international and 81 domestic destinations. According to Elbers, India is an incredible and one of the most competitive aviation markets in the world. IndiGo is going through a "maturing phase", he said and stressed on the need for having aviation hubs in India, which is under served. Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital.
InterGlobe Aviation CEO Ronojoy Dutta, who will be stepping down next month ahead of his tenure, has agreed to an enhanced two-year non-compete period wherein he will not engage with any business that is similar or in competition with the company. Dutta is to step down as the Whole Time Director and CEO of InterGlobe Aviation, the parent of the country's largest airline IndiGo, on September 30 whereas his current tenure is till January 23, 2024. On Tuesday, the company said it will seek shareholders' approval for the remuneration of Dutta for this fiscal "as minimum remuneration in the event of absence or inadequacy of profits". The e-voting on the proposal will be open from August 31 to September 29 and the results will be declared on or before October 1. According to the filing, Dutta has agreed to an enhanced non-compete period of two years as against one year that was originally agreed to after stepping down. Under the non-compete restrictions, "he shall not engage with any ..
In an interview with Business Standard's Aneesh Phadnis and Arindam Majumder, IndiGo CEO Ronojoy Dutta tells about the airline's performance and plans about long international routes
More than three months ago, the country's largest airline IndiGo's successful co-founders Rahul Bhatia and Rakesh Gangwal made headlines. On February 4, the announcement came that Bhatia will take charge as the airline's Managing Director and on February 18, amid the not-so-cosy relations between the two co-founders, it was announced that Gangwal has stepped down from its board. Bhatia took over as the Managing Director on February 4 and since then, there have been quite a few churns in the top deck. IndiGo -- a low-cost carrier which accounts for more than half of the country's domestic traffic -- has announced the appointment of new Chairman, Chief Financial Officer (CFO) and Chief Executive Officer (CEO) since March. In March, IndiGo's market share stood at 54.8 per cent, as per official data. IndiGo, which has nearly 300 planes in its fleet, is also bracing for more competition with Akasa expected to be operational in the coming months while Jet Airways likely to restart ...