Page 30 - Indigo

Indigo announces flight services to Dubai from Bhubaneswar from May 15

No-frills carrier IndiGo on Saturday announced starting flight services to Dubai from Bhubaneswar's Biju Patnaik International Airport on May 15 and unveiled plans to connect Odisha's capital city with Singapore and Bangkok going forward. The airline, in a statement, said it has opened bookings for the Bhubaneswar-Dubai flight services, which will be operated three times a week. IndiGo said it is "working in close collaboration" with the Odisha government to commence international operations from Bhubaneswar which will strengthen air connectivity from the state capital. The maiden international flight from Bhubaneswar will take off from Biju Patnaik International Airport on May 15, IndiGo said in the statement. International flight operations will also commence from Bhubaneswar to two more destinations - Singapore and Bangkok for which slots and other operational requirements are being finalised, it stated. According to the airline, direct connectivity to aviation hubs like Dubai,

IndiGo Airline plans to have 350 aircraft in its fleet next fiscal

No-frills airline IndiGo is expecting to fly 100-million passengers and is planning to have 350 aircraft in its fleet in the next fiscal, according to a presentation by the airline at the analysts/investors meet on Thursday. At the same time, the airline is looking to end the current fiscal with around 306 planes in the fleet with the passenger volume estimated at over 85 million. The number of destinations is expected to go up to 115, with around 10-15 destinations likely to be added in the network during the year, as against 104 in FY23, as per the presentation. While demand continues to be strong in the March quarter of the ongoing fiscal, external variables such as volatility in forex and fuel, global supply chain disruption as well as inflationary cost pressures (are) impacting performance. On the capacity side, the airline projects it to be in mid-teens compared to the estimated over 18 per cent in the current fiscal, as per the presentation. The airline, in the presentation

Turkish Airlines wants additional traffic rights to IndiGo: CEO Bilal Eksi

Such a unilateral increase in traffic rights will be unique to Turkiye and may also receive a nod from the Indian government

Turkish Airlines looking for cooperation with Air India: Official

Turkish Airlines is looking for cooperation with Air India as the carrier looks to expand in the Indian market, a top executive said on Tuesday. At present, Turkish Airlines is closely cooperating with IndiGo, including a codeshare partnership. Turkish Airlines CEO & Board Member Bilal Eksi pitched for more cooperation with Indian carriers and said that it can cooperate with Air India as that will also support both counties as well as tourism. "We are not getting enough (of Indian market)... we are trying to expand. This is the time for Turkish Airlines to expand operations in India," he said. He noted that there was not enough capacity between India and Turkiye, which is also a wedding destination for many Indians. "We can work together with Air India... can earn together and support both countries," he said.

IndiGo embarking on next level of growth, cost leadership crucial: CEO

IndiGo is embarking on the next level of growth and cost leadership is crucial for the airline, its CEO Pieter Elbers said on Monday. Currently, IndiGo operates around 1,800 daily flights and has a fleet of more than 300 aircraft. "We are embarking on the next level of growth," Elbers said at a session of CAPA India aviation summit in the national capital. He noted that the V-shaped recovery of the country's aviation sector has been a part of learning. After being significantly hit by the coronavirus pandemic, the aviation sector is on a strong recovery path and the domestic air traffic has almost touched the pre-pandemic levels. Noting that affordable fares are important, Elbers said maintaining cost leadership is crucial. The low cost carrier is the country's largest airline with a market share of more than 55 per cent. Responding to a query, Elbers said Indian aviation will move towards more sustainable finance, adding that there is more stability in the market. The airline

IndiGo appoints Mark Sutch as CCO for international cargo business

The country's largest airline IndiGo has appointed Mark Sutch as the Chief Commercial Officer for its international cargo business. From March 1, the carrier said its cargo business CarGo will have two CCOs -- Mahesh Kumar Malik for domestic and Sutch for international segments. IndiGo inducted its first A321 freighter in November and the second one in December last year. Two more freighters are expected this year. Sutch was earlier Chief Commercial Officer with CMA CGM Air Cargo based in Marseille. He has also served with Cathay Pacific Airways, including being based for 5 years in Mumbai as the airline's Regional GM for South Asia, the Middle East and Africa. He is a British and Irish national and has spent most of his career on international assignments, a release said on Thursday. Sutch said that as the airline's international network and frequency grow, there is an opportunity to build world-class cargo products and solutions using both its A321 freighters and extensive belly

Indigo appoints Mark Sutch as Chief Commercial Officer of CarGo

Mark brings with him 25 years of airline industry experience across different verticals, including extensive cargo experience

LIVE: Marion Biotech to lose manufacturing licence in cough syrup case

Catch all the latest updates from across the globe here

IndiGo gets aviation ministry's nod to wet lease planes for US, Canada ops

The country's largest airline IndiGo, which is focusing on internationalisation, has received approval from the civil aviation ministry to wet lease up to two planes for operating flights to the United States and Canada, according to a senior official. For the first time, IndiGo started operating wide-body Boeing 777 on Delhi-Istanbul route in February. The plane has been taken on wet lease from Turkish Airlines. The airline has received nod from the ministry to wet lease two aircraft that can be utilised on this route. The official, on the condition of anonymity, said on Friday the ministry has also given approval for IndiGo to wet lease up to two wide-body aircraft which can be used for flying to the US and Canada. Queries sent to IndiGo on this issue remained unanswered. It could not be immediately ascertained whether IndiGo has firmed up plans on operating flights to the US and Canada. Indian carriers require approval from the ministry to wet lease aircraft. Under the wet le

Budget airline IndiGo pits Boeing against Airbus in record jet order talks

Indian budget carrier IndiGo is in talks with both Boeing and its supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India

Top headlines: Philanthropy by India's rich falls, airlines step up hiring

Business Standard brings you top headlines at this hour

Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

Airbus close to landing large order from IndiGo: French FM Bruno Le Maire

The contract could be signed at the French airshow in Le Bourget in June, the paper said, adding that Le Maire made the comments during his trip to India for a G20 Summit

Domestic air passenger traffic nearly doubled in January, shows data

IndiGo had a market share of 54.6 per cent, while Air India took the second spot with 9.2% share beating Vistara

Deogarh-bound IndiGo flight from Delhi diverted to Lucknow over bomb threat

Confirming the news of the bomb threat, IndiGo said that all necessary security protocols were followed and the aircraft was cleared for takeoff

IndiGo plans flights to Nairobi, Jakarta, central Asian destinations: CEO

The country's largest airline IndiGo, which is "back with a bang", is looking to start flights to Nairobi, Jakarta and some central Asian destinations as the carrier focuses on internationalisation, according to its chief Pieter Elbers. Amid intensifying competition and Air India set for expansion with massive plane orders, the IndiGo chief asserted that there is a lot of growth ahead in the Indian market that "justifies multiple airlines". "There is a lot going on in the Indian aviation landscape... The fact that Indian aviation is getting into the next stage, including the consolidation being done under the Air India group, is a natural evolution of the market. "I look to the competition. It is good to have competition but it will be a competition that is going hand-in-hand with the growth of the market," Elbers told PTI in an interview here. IndiGo, which has more than 300 planes in its fleet, currently operates to 76 domestic and 26 international destinations. Flights to two mo

In next phase of growth, emphasis on international: IndiGo CEO Elbers

'The focus is to stay true to our customer promise', said Elbers

InterGlobe Aviation slips 5% after 4% equity changes hands via block deal

Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore

Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr

Sources say the stake put on the block belongs to Gangwal family, which currently holds over 20% in the airline

IndiGo restores pilots' increments amid financial turnaround, Q3 profit

Airline made net profit of Rs 1,422 cr in Q3FY23, after three consecutive quarters of loss