NEW DELHI: IndiGo, India’s largest carrier in terms of passengers flown, has received approvals from the government to induct another 400 planes in its fleet till 2025, taking the total addition to 550, a development that analysts believe is a prelude to the airline getting into cross-border ventures.
The airline has begun the process of inducting the aircraft, which add up to more than the total number of 400 aircraft that scheduled airlines in India operate today. IndiGo has already inducted 12 of those new planes in its fleet.
The plan to add 550 aircraft in a span of a decade, if implemented, will be the biggest-ever fleet induction in the history of Indian aviation.
IndiGo has always surprised the market with its huge order book. It entered aviation business in 2006 with an order for 100 Airbus A320s.
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NEW DELHI: India’s largest airline by domestic market share, is preparing to launch an initial public offer (IPO) of at
least $400 million or Rs 2,500 crore in first quarter (April-June) of the next financial year (2015-16).
According to sources, the Rahul Bhatia-owned airline is expected to net a record profit of up to Rs 2,220 crore this fiscal
(2014-15), mainly due to low oil prices. Sources said bankers are working on the IPO at a frantic pace as current market
conditions are favourable for going public, especially for a company with a proven track record like IndiGo. The air line did
not offer comments on this issue.
At present, there are only two listed airlines–Jet Airways and SpiceJet. Vijay Mallya’s Kingfisher, which shut operations in
October 2012, is also listed on the BSE with its Rs 10 face value share quoting at Rs 1.49. However, trading in the
Kingfisher stock has been suspended due to penal reasons.
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