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IndiGo tops with 37% market share, gets govt. nod to import 400 aircrafts

  • As a result of
    heavy discounts, February saw a remarkable 21.6% growth in the number of
    passengers carried by Indian carriers when compared with the same month last
    year.
  •  
  • While registering a record market share of 37.1% during the month,
    budget carrier IndiGo continued to lead the way. IndiGo’s passenger load factor
    stood at 88%, while that of Air India improved to 83.8% from 82.4% in Janaury.

    • As a result of
      heavy discounts, February saw a remarkable 21.6% growth in the number of
      passengers carried by Indian carriers when compared with the same month last
      year.
    •  
    • While registering a record market share of 37.1% during the month,
      budget carrier IndiGo continued to lead the way. IndiGo’s passenger load factor
      stood at 88%, while that of Air India improved to 83.8% from 82.4% in Janaury.
      IndiGo also turned in the best on-time performance with 83.8% of its flights
      sticking to scheduled time in February. Spice-Jet came in next with on-time
      performance of 75.8%. 


    • The airline has also received
      approval from the government to import 400 additional aircraft by 2025. The
      airline already has in place an approval (granted in May 2010) to import 150
      A320 neos till 2025.
    •  
    • A senior official in the ministry of
      civil aviation told Financial Express, “IndiGo had applied for permission to
      import 400 additional aircraft in December last year. The same has been granted
      to them. They have been given in-principle approval to import these aircraft
      over the next 10 years till 2025.”
    •  
    • A
      spokesperson for IndiGo confirmed the development said, “The import approval
      for 400 aircraft include orders for 250 planes placed in October last year,
      additional purchase rights for 100 aircraft and 30 optional aircraft purchase
      rights pending from an earlier order placed in 2011.”
    •  
    • In the
      largest single order for aircraft maker Airbus, IndiGo in October last year
      signed an agreement to buy 250 A320neo planes.
    •  
    • IndiGo president Aditya Ghosh had
      said the deliveries under the new order would begin from 2018 and overlap with
      those under the 2011 one.
    •  
    • Before this
      the airline had made two mega orders for Airbus aircraft — for 100 A320s in
      2005, and 180 planes (150 A320neos and 30 A320s) in 2011.
    •  
    • In November 2015, the country’s only
      profitable airline had completed induction of 100 planes from its 2005 order
      (two years ahead of schedule). It had then decided to take 12 planes on lease
      from Tigerair to stay ahead of competition. The deliveries of A320neo planes
      under its 2011 order will begin from October 2015. No other Indian airline has
      such big pending orders. Among peers, GoAir has ordered 72 Airbus A320neos and
      SpiceJet for 42 Boeing 737 Max.
    •  
    •  

     

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