IndiGo

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This article is about the airline. For the colour, see Indigo. For other uses, see Indigo (disambiguation).

IndiGo
File:IndiGo.svg
IATA ICAO Callsign
6E IGO IFLY
Founded2005; 19 years ago (2005)
Commenced operations4 August 2006; 17 years ago (2006-08-04)
Hubs
Fleet size310[1]
Destinations101[2]
Parent companyInterGlobe Aviation Limited
Traded as
HeadquartersGurgaon, Haryana, India
Key people
RevenueIncrease ₹26,655 crore (US$3.7 billion) (2022)[5]
Operating incomeIncrease ₹25,930 crore (US$3.6 billion) (2022)[5]
Net incomeDecrease ₹−6,171 crore (US$−870 million) (2022)[5]
Total assetsIncrease ₹43,051.15 crore (US$6.0 billion) (2021)[5]
Total equityIncrease ₹385 crore (US$54 million) (2022)[5]
Employees26,164 (February 2023)[6]
Websitegoindigo.in

InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India. It is the largest airline in India by passengers carried and fleet size, with a ~57% domestic market share as of October 2022.[7][non-primary source needed] It is also the largest individual Asian low-cost carrier in terms of jet fleet size and passengers carried, and the fourth largest carrier in Asia. The airline has carried over 300+ million passengers as of November 2022.[8]

The airline operates 1,600 daily flights, as of November 2022 to 101 destinations – 75 domestic and 26 international. It has its primary hub at Indira Gandhi International Airport, Delhi.[9]

The airline was founded as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal in 2006. It took delivery of its first aircraft in July 2006 and commenced operations a month later. The airline became the largest Indian carrier by passenger market share in 2012. The company went public in November 2015.[10] Pieter Elbers is currently the CEO of IndiGo.[11]

IndiGo has been ranked as the 4th most punctual airline globally in 2018, 6th most punctual airline globally in 2019 and 3rd most punctual airline globally in 2021 by OAG Punctuality League.[12]

History[edit]

IndiGo was founded in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal.[13] InterGlobe had a 51.12% stake in IndiGo and 47.88% was held by Gangwal's Virginia-based company Caelum Investments.[14][15] IndiGo placed a firm order for 100 Airbus A320-200 aircraft in June 2005 with plans to begin operations in mid-2006.[16] IndiGo took delivery of its first aircraft on 28 July 2006, nearly a year after placing the order.[17] It commenced operations on 4 August 2006 with a service from New Delhi to Imphal via Guwahati.[18] By the end of 2006, the airline had six aircraft, and nine more were acquired in 2007.[18] In December 2010, IndiGo replaced state-run carrier Air India as the third largest airline in India, behind Kingfisher Airlines and Jet Airways with a passenger market share of 17.3%.[19]

In 2011, IndiGo placed an order for 180 Airbus A320 aircraft in a deal worth US$15 billion.[20] In January 2011, after completing five years of operations, the airline got permission to launch international flights.[21] In December 2011, the DGCA expressed reservations that the rapid expansion could impact passenger safety.[22]

In February 2012, IndiGo took delivery of its 50th aircraft, less than six years after it began operations.[23] For the quarter ending March 2012, IndiGo was the most profitable airline in India and became the second largest airline in India in terms of passenger market share.[24] On 17 August 2012, IndiGo became the largest airline in India in terms of market share surpassing Jet Airways, six years after commencing operations.[25]

In January 2013, IndiGo was the second-fastest-growing low-cost carrier in Asia behind Indonesian airline Lion Air.[26] In February 2013, following the announcement of the Civil Aviation Ministry that it would allow IndiGo to take delivery of only five aircraft that year, the airline planned to introduce low-cost regional flights by setting up a subsidiary. Later, IndiGo announced that it planned to seek permission from the ministry to acquire four more aircraft, therefore taking delivery of nine aircraft in 2013.[27] As of March 2014, IndiGo is the second-largest low-cost carrier in Asia in terms of seats flown.[28]

In August 2015, IndiGo placed an order for 250 Airbus A320neo aircraft worth $27 billion, making it the largest single order ever in Airbus history.[29] IndiGo announced a ₹3,018 crore (US$420 million) initial public offering on 19 October 2015 which opened on 27 October 2015.[30][31][32]

In October 2019, IndiGo placed another order for 300 Airbus A320neo aircraft worth ₹2.3 lakh crore (US$33 billion), surpassing its own record of the largest single order ever in Airbus history.[33][34]

In December 2019, the airline became the first Indian airline to operate 1,500 daily flights.[35] On 31 December 2019, it became India's first airline to have a fleet size of more than 250 aircraft.[36]

Corporate affairs[edit]

Ownership and structure[edit]

Interglobe Aviation Limited is publicly traded under NSE: INDIGO, with a market capitalisation of about ₹32,702.61 crore as of 23 March 2020.[37][failed verification]

Headquarters[edit]

IndiGo is headquartered in Gurugram, Haryana, India.[38]

Destinations[edit]

Countries in which IndiGo operates (December 2022)[39][40]
Main article: List of IndiGo destinations

As of November 2022, IndiGo operates more than 1,600 daily flights to 101 destinations, 75 in India and 26 abroad.[2][41][42] Its main base is located at Delhi,[43] with additional bases at Bengaluru,[44] Chennai,[45] Hyderabad,[46] Kolkata,[45] Mumbai,[45] and Kochi,[47] In January 2011, IndiGo received a license to operate international flights after completing five years of operations.[48] IndiGo's first international service was launched between New Delhi and Dubai on 1 September 2011.[49]

Codeshare agreements[edit]

IndiGo codeshares with the following airlines:

Fleet[edit]

As of February 2023, IndiGo operates the following aircraft:[1]

IndiGo fleet
Aircraft In service Orders Passengers[56] Notes
Airbus A320-200 25 — 180 To be phased out.[57][58]
Airbus A320neo 164 180 180 Largest operator.[1]
186
Airbus A321neo 79 238 222[59] Largest operator.[1][lower-alpha 1]
232[60]
Airbus A321XLR[61] — 69[62] TBA Largest order of this aircraft type.[62]
Deliveries from 2024.[63]
ATR 72-600 39[64] 11[65][66] 78
IndiGo Cargo fleet
Airbus A321-200/P2F 3 1[67] Cargo [68]
Total 310 499


Fleet developments[edit]

IndiGo placed an order for 100 Airbus A320-200 aircraft worth US$6 billion in June 2005 during the Paris Air Show with plans to commence operations in mid-2006.[16][69][70] The airline received its first A320 in July 2006 and planned to induct 100 aircraft by 2015–2016.[71] IndiGo signed a memorandum of understanding for an additional 180 Airbus A320 aircraft including 150 with the New Engine Option (NEO) worth US$15 billion on 11 January 2011. In 2012, the airline took delivery of its 50th aircraft[23] and the 100th aircraft was delivered on 4 November 2014, completing its initial order ahead of schedule.[72]

The Airbus A320neo family aircraft ordered in 2011 were to be delivered starting 2015.[73] However, due to a delay in the production and delivery of these aircraft, IndiGo dry-leased a total of 22 used aircraft to cope with the demand.[74] On 15 October 2014, IndiGo expressed its intention to order a further 250 A320neo aircraft worth US$25.7 billion at list prices.[75] On 15 August 2015, IndiGo confirmed the order for 250 A320neo aircraft for $26.5 billion. The order also provides IndiGo the flexibility to convert some A320neos to A321neoLRs that can seat more passengers and fly on longer routes.[76] The order for 250 jets was Airbus' single largest order by number of aircraft.[77] IndiGo received the first A320neo in March 2016.[78][79] On 10 October 2019, Airbus delivered its 1000th A320neo aircraft to Indigo.[80] On 29 October 2019, IndiGo placed a firm order for 300 A320neo Family aircraft comprising a mix of 87 A320neo and 213 A321neo/A321XLR, taking IndiGo's total number of A320neo Family aircraft orders to 730.[81][82]

IndiGo took delivery of its first ATR 72–600 in November 2017.[83]

Services[edit]

Boarding process

Being a low-cost carrier, IndiGo offers only economy class seating. To keep fares low, IndiGo does not provide complimentary meals on any of its flights, though it does have a buy-on-board in-flight meal programme.[84] No in-flight entertainment is available. Hello 6E, the in-flight magazine published by IndiGo, is available for passengers to read.[85] IndiGo offers premium services, such as a pre-assigned seat, multiple cancellations and priority check-in, to passengers who are willing to pay a higher fare.[86] In September 2019, the company announced its tie up with SonyLIV, an on demand video app for providing its passengers with entertainment options in-flight and at the airport.[87]

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Airbus Orders and Deliveries (XLS), monthly updated, accessed via "Orders & deliveries". Airbus. Airbus SAS.
  2. ↑ 2.0 2.1 "destinations". Indigo. 1 January 2023.
  3. ↑ "IndiGo Board of Directors".
  4. ↑ 4.0 4.1 "IndiGo Leadership". goindigo.in.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 "Annual Report 2021-22" (PDF). 7 February 2023.
  6. ↑ "employees" (PDF). Indigo. 7 February 2023.
  7. ↑ "IndiGo Facts and Figures". Archived from the original on 7 December 2021.
  8. ↑ "About IndiGo". 22 November 2022.
  9. ↑ Chowdhury, Anirban (13 February 2018). "Wolfgang Prock-Schauer's latest assignment: Taking IndiGo on a long haul". The Economic Times. Archived from the original on 18 February 2018. Retrieved 17 February 2018.
  10. ↑ "IndiGo listed on stock exchange, soars 15 per cent". The Indian Express. 10 November 2015. Archived from the original on 17 February 2018. Retrieved 17 February 2018.
  11. ↑ "IndiGo Leadership Team".
  12. ↑ "About IndiGo". 22 November 2022.
  13. ↑ "Owner of India's biggest airline files for IPO". CNBC. 30 June 2015. Archived from the original on 29 March 2016. Retrieved 16 March 2016.
  14. ↑ Padnis, Anees (16 November 2013). "IndiGo gives handsome payback to promoters". Business Standard. Archived from the original on 28 March 2016. Retrieved 19 March 2016.
  15. ↑ "FIPB approves proposal to convert Rakesh Gangwal's IndiGo stake to NRI category". The Economic Times. 2 October 2014. Retrieved 16 March 2016.
  16. ↑ 16.0 16.1 "IndiGo Airlines to fly soon". The Economic Times. 22 June 2005. Retrieved 16 March 2016.
  17. ↑ "IndiGo takes delivery of its first brand new Airbus A320 aircraft". The Hindu. 29 July 2006. Retrieved 16 February 2012. Alt URL
  18. ↑ 18.0 18.1 "Indigo's first flight to take-off on Aug 4". The Economic Times. 13 July 2006. Retrieved 16 March 2016.
  19. ↑ "IndiGo pips Air India to become No. 3 airline". The Indian Express. 21 December 2010. Archived from the original on 23 January 2011. Retrieved 16 March 2016.
  20. ↑ "IndiGo airline picks up 180 jets". The Economic Times. 13 January 2011. Retrieved 16 March 2016.
  21. ↑ "IndiGo gets govt nod to launch international operations". Rediff. 11 January 2011. Archived from the original on 22 April 2016. Retrieved 13 March 2016.
  22. ↑ "IndiGo, SpiceJet airlines violate mandatory safety norms: DGCA". India Today. 9 January 2012. Archived from the original on 11 March 2012. Retrieved 13 July 2012.
  23. ↑ 23.0 23.1 "IndiGo gets delivery of its 50th Airbus A320 aircraft". The Economic Times. 10 February 2012. Retrieved 16 March 2016.
  24. ↑ Mishra, Mihir (21 February 2012). "A tale of two airlines: Kingfisher vs IndiGo". Business Standard. Archived from the original on 29 March 2016. Retrieved 19 March 2016.
  25. ↑ "IndiGo flies past Jet to become largest airline". Business Standard. 18 August 2012. Archived from the original on 19 August 2012. Retrieved 18 August 2012.
  26. ↑ "IndiGo among the fastest expanding airlines globally". Business Standard. 2 January 2013. Archived from the original on 4 January 2013. Retrieved 11 January 2013.
  27. ↑ "IndiGo to set up regional airline to tap small towns". The Economic Times. 13 February 2013. Retrieved 14 February 2013.
  28. ↑ Sobhie, Brent. "Analyst Viewpoint: Asian airline industry overview" (PDF). CAPA. p. 25. Archived from the original (PDF) on 17 April 2015. Retrieved 19 March 2016.
  29. ↑ "IndiGo orders 250 planes". The Times of India. 18 August 2015. Archived from the original on 28 March 2016. Retrieved 19 March 2016.
  30. ↑ "IndiGo Airlines IPO to open on October 27, price band Rs 700-765". The Economic Times. 20 October 2015. Archived from the original on 29 October 2015. Retrieved 14 February 2013.
  31. ↑ S V Krishnamachari (21 November 2016). "Domestic air traffic: How IndiGo, Jet Airways, SpiceJet, Air India, Go Air, AirAsia India, Vistara performed in October". International Business Times. Archived from the original on 26 February 2017. Retrieved 30 January 2017.
  32. ↑ "IndiGo's Rs 3,018-crore IPO three times oversubscribed". The Economic Times. 29 October 2015. Retrieved 10 July 2020.
  33. ↑ "IndiGo Orders Further 300 A320neo Aircraft". One Mile at a Home. 31 October 2019.
  34. ↑ Sinha, Saurabh (31 October 2019). "IndiGo gives Rs 2.4 lakh crore order for 300 A320 Neo aircraft". The Times of India. Archived from the original on 10 December 2020.
  35. ↑ "IndiGo becomes 1st Indian carrier to operate 1,500 daily flights". Livemint. 18 December 2019. Retrieved 2 January 2020.
  36. ↑ "IndiGo fleet size crosses 250 planes, becomes first Indian carrier to do so". Business Standard India. PTI. 1 January 2020. Retrieved 2 January 2020.
  37. ↑ "Interglobe Avi Share Price, Interglobe Avi Stock Price, Interglobe Aviation Ltd. Stock Price, Share Price, Live BSE/NSE, Interglobe Aviation Ltd. Bids Offers. Buy/Sell Interglobe Aviation Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". moneycontrol.com. Retrieved 23 March 2020.
  38. ↑ "Contact us". IndiGo. Archived from the original on 7 May 2020.
  39. ↑ "IndiGo route map". Indigo. 24 December 2022.
  40. ↑ "Route map IndiGo". FlightConnections. 24 December 2022.
  41. ↑ "Indigo Website". Archived from the original on 14 April 2018.
  42. ↑ Aaron Karp (11 July 2022). "IndiGo Adds 74th Point In India To Network". Routes.
  43. ↑ "Profile on IndiGo". CAPA. Archived from the original on 17 March 2016. Retrieved 19 March 2016.
  44. ↑ "IndiGo adds to Bengaluru base". Anna.aero. 16 February 2016. Archived from the original on 9 April 2016. Retrieved 3 June 2016.
  45. ↑ 45.0 45.1 45.2 "IndiGo commences seventh route to Dubai". Anna.aero. 17 December 2014. Archived from the original on 19 September 2016. Retrieved 3 June 2016.
  46. ↑ "IndiGo starts new domestic route from Hyderabad". Anna.aero. 6 August 2014. Archived from the original on 19 September 2016. Retrieved 3 June 2016.
  47. ↑ "indigo starting kochi-kuwait flights". GoIndiGo.in. Archived from the original on 19 January 2022. Retrieved 9 March 2021.
  48. ↑ "IndiGo Airlines to fly to Dubai, Bangkok, Singapore from September". The Economic Times. New Delhi. 14 June 2011. Retrieved 22 February 2012.
  49. ↑ Hashim, Firdaus (2 September 2011). "IndiGo launches its first international flight". Flightglobal. Singapore. Archived from the original on 1 June 2018.
  50. ↑ 50.0 50.1 Hannah Brandler (26 December 2021). "Air France-KLM signs codeshare agreement with Indigo Airlines". Business Traveller. London: Perry Publications.
  51. ↑ "India nonstops on the way, American Airlines codeshares with IndiGo for India connections". The Times of India. Retrieved 28 September 2021.
  52. ↑ "QANTAS AND JETSTAR EXPAND SYDNEY GATEWAY WITH NEW DIRECT FLIGHTS TO INDIA AND KOREA". Qantas Newsroom. 8 April 2022. Retrieved 8 April 2022.
  53. ↑ "Qatar Airways and IndiGo Sign Codeshare Agreement". Qatar Airways. Retrieved 7 November 2019.
  54. ↑ Hofmann, Kurt (4 January 2019). "India's IndiGo, Turkish Airlines agree to codeshare". Air Transport World. Archived from the original on 8 January 2019.
  55. ↑ "Virgin Atlantic Launches New IndiGo Codeshare Agreement". Simple Flying. 1 September 2022.
  56. ↑ "Seat map and Aircraft information". Indigo. 17 September 2022.
  57. ↑ "IndiGo Airlines seeks to phase-out A320-200s". Ch-Aviation. Retrieved 5 June 2020.
  58. ↑ "IndiGo Retires 100 A320ceos As Fleet Modernization Nears Completion". Simple Flying. May 2022.
  59. ↑ "India's IndiGo considers technical stops for Euro flights". ch-aviation.com. 19 November 2018.
  60. ↑ "IndiGo's A321neos Cost 10% Less Per Passenger Than Its A320neos". Simple Flying. 7 June 2021. Retrieved 12 April 2022.
  61. ↑ Pande, Pranjal (15 July 2021). "IndiGo Reveals Where It May Fly The Airbus A321XLR From 2024". Simple Flying. Retrieved 25 June 2022.
  62. ↑ 62.0 62.1 "Airbus defers A321neo(XLR) service entry to 2024". ch-aviation.com. 11 May 2022. Retrieved 19 November 2022.
  63. ↑ "Five-year transformation goal: Air India eyes 30% domestic share". Business Standard. 15 September 2022. Retrieved 17 September 2022.
  64. ↑ "IndiGo Fleet". AirFleets.net. Retrieved 7 February 2023.
  65. ↑ Sanjai, P R; Jasper, Christopher (9 May 2017). "Biggest Indian Airline Orders 50 Turboprops in Regional Push". Bloomberg.com. Retrieved 1 November 2019.
  66. ↑ "IndiGo Takes Delivery Of Its First ATR Since 2019". SimpleFlying. 27 June 2021. Retrieved 15 September 2022.
  67. ↑ "IndiGo Takes First Converted Airbus A321 Freighter Ahead Of Cargo Operations Launch". 30 September 2022. Retrieved 1 October 2022.
  68. ↑ "IndiGo Seeks Four Airbus A321s For Freighter Operations". 22 April 2021. Retrieved 28 September 2022.
  69. ↑ "Airbus wins $6bn order from India". BBC News. 16 June 2005. Archived from the original on 28 November 2011. Retrieved 30 August 2010.
  70. ↑ "Airbus Orders and Deliveries". Airbus. Archived from the original on 13 January 2011. Retrieved 30 August 2010.
  71. ↑ "IndiGo celebrates delivery of first Airbus A320". Airbus (Press release). 28 July 2006. Archived from the original on 4 March 2016. Retrieved 19 March 2016.
  72. ↑ "IndiGo gets 100th aircraft completing its first order of many Airbus A-320". The Economic Times. 4 November 2014. Retrieved 4 November 2014.
  73. ↑ Sinha, Saurabh (13 January 2011). "Aircraft order is just a drop in ocean: IndiGo". The Times of India. Archived from the original on 17 January 2011. Retrieved 13 January 2011.
  74. ↑ "Airbus delays A320neo delivery for Indian airline IndiGo". Reuters. 21 December 2016. Archived from the original on 26 March 2016. Retrieved 19 March 2016.
  75. ↑ "40 billion jet spending spree". Yahoo. 16 October 2014. Archived from the original on 5 March 2016. Retrieved 19 March 2016.
  76. ↑ "Would be foolish to not focus on India, says IndiGo airlines president Aditya Ghosh". The Economic Times. 27 August 2015. Retrieved 19 March 2016.
  77. ↑ "IndiGo signs MoU for 250 A320neo aircraft". Airbus (Press release). 15 October 2014. Archived from the original on 3 March 2016. Retrieved 19 March 2016.
  78. ↑ "IndiGo commits to 180 A320s, largest jet order in aviation history" (Press release). Airbus. 1 November 2011. Archived from the original on 16 January 2011. Retrieved 14 January 2011.
  79. ↑ "Airbus and AirAsia announce record deal for 200 planes". BBC. 23 June 2011. Archived from the original on 23 June 2011. Retrieved 23 June 2011.
  80. ↑ "Airbus marks its 1,000th A320neo Family aircraft delivery". Airbus.com. 11 October 2019.
  81. ↑ "IndiGo signs for 300 A320neo Family aircraft". Airbus. 28 October 2021.
  82. ↑ "Why IndiGo Could Win With Its Mega A321XLR Order". 8 November 2020. Retrieved 19 November 2022.
  83. ↑ O'Keeffe, Niall (17 November 2017). "PICTURE: IndiGo takes delivery of first ATR". Flightglobal. London. Archived from the original on 31 May 2018.
  84. ↑ "IndiGo FAQ's". IndiGo. Archived from the original on 16 March 2016. Retrieved 13 November 2013.
  85. ↑ "Coffee with 6E". Mint. 26 October 2015. Archived from the original on 9 March 2016. Retrieved 19 March 2016.
  86. ↑ "IndiGo 6E Plus". IndiGo. Archived from the original on 26 November 2015. Retrieved 13 March 2016.
  87. ↑ "IndiGo ties up with Sony to offer entertainment content to flyers". The Times of India. Retrieved 5 September 2019.

Notes[edit]

  1. ↑ The Wizz Air Group also operates 79 A321neo.[1]

External links[edit]


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