Page 5 - Interglobe Aviation Ltd News

Insurance premium for aircraft expected to go up, says 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 Q1FY26 result: Profit down 20% at ₹2,176 crore, revenue up 5%

IndiGo's yield declined by 5 per cent to ₹4.98 per kilometre, while the load factor fell 2.1 percentage points to 84.6 per cent, indicating pressure on both pricing and seat occupancy

Singapore tourism board partners with IndiGo to boost India travel

The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday. Under the year-long strategic pact, the two partners will promote the island-city nation as a leading leisure and business destination for Indian travellers and boost bookings through the airline's extensive network, it said. India, according to STB, remains one of Singapore's top three tourism source markets, building on its strong performance in 2024. The collaboration is the first memorandum of understanding (MoU) with an Indian airline, and IndiGo's first with a national tourism board. In the first half of 2025, Indian visitor arrivals exceeded 5,00,000, supported by excellent air connectivity, as per STB. More than 270 weekly flights connect Singapore to 15 Indian cities via Changi Airport. "As we celebrate 60 years of India-Singapore diplomatic relations in 2025, our expanded collaboration with IndiGo and

Will Air India crash aid IndiGo Q1 results? Check date, time, expectations

IndiGo Q1 results: Q1FY26 was marked by volatile crude oil prices and disruption in air traffic due to India-Pak, and Iran-Israel war. Here is how analysts expect IndiGo to fare in Q1

IndiGo to add more int'l destinations; to explore new MRO opportunities

IndiGo will continue to add more overseas destinations with A321 XLRs set to join the fleet this fiscal year and aims to increase its international capacity share to 40 per cent by 2030. Also, the country's largest airline plans to explore new opportunities in the MRO (maintenance, repair and overhaul) space, according to its annual report for 2024-25. IndiGo, which has been flying for over 18 years, has a domestic market share of 64.5 per cent, operates around 2,200 flights daily with more than 430 planes. "We will continue to add more destinations internationally, especially with XLRs coming in along with our newly leased wide body aircraft for long haul operations. From 28 per cent current international capacity share, we are aiming for 40 per cent by FY 2030," IndiGo CEO Pieter Elbers said in his message in the annual report. Earlier this month, the carrier started flights to Manchester and Amsterdam that are being operated with Boeing 787 Dreamliners leased from Norway's Norse