After the latest order of 250 aircraft placed in 2014, Indigo Airlines will be getting delivery of a new aircraft every nine days till 2027.
Summing up all the acquisitions since 2005, the airlines' fleet will reach 530 in all, said Rahul Bhatia, founder and group managing director of Interglobe Aviation, which operates the Indigo brand of airlines.
Bhatia, who was addressing a convocation meet at Institute of Management Technology (IMT), 35km from the city, said Indigo began with 100 aircraft in 2005. At that time, other players in the industry thought it was a suicidal move. "The industry was of the view that Indigo was a late entrant in the business and starting with a huge acquisition of 100 aircraft would be a disaster. This was the biggest acquisition in the history of commercial aviation," he said.
"The decision paid off. Soon, order books of both Boeing and Airbus were bursting at seams. Rapid deliveries, on the other hand, gave Indigo the chance to jump the queue in the market," said Bhatia.
"After acquiring 100 A320 aircraft in 2005, an order of 180 A320 NEO family planes was placed in 2011, followed by 250 in 2014,. The deliveries will continue till 2027," he said.
It took more than two years for Indigo to fly after it got approval from the Indian government. However, the company knew that the opportunity in Indian skies was not running away.
18/03/17 Shishir Arya/The Times Of India
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Summing up all the acquisitions since 2005, the airlines' fleet will reach 530 in all, said Rahul Bhatia, founder and group managing director of Interglobe Aviation, which operates the Indigo brand of airlines.
Bhatia, who was addressing a convocation meet at Institute of Management Technology (IMT), 35km from the city, said Indigo began with 100 aircraft in 2005. At that time, other players in the industry thought it was a suicidal move. "The industry was of the view that Indigo was a late entrant in the business and starting with a huge acquisition of 100 aircraft would be a disaster. This was the biggest acquisition in the history of commercial aviation," he said.
"The decision paid off. Soon, order books of both Boeing and Airbus were bursting at seams. Rapid deliveries, on the other hand, gave Indigo the chance to jump the queue in the market," said Bhatia.
"After acquiring 100 A320 aircraft in 2005, an order of 180 A320 NEO family planes was placed in 2011, followed by 250 in 2014,. The deliveries will continue till 2027," he said.
It took more than two years for Indigo to fly after it got approval from the Indian government. However, the company knew that the opportunity in Indian skies was not running away.
18/03/17 Shishir Arya/The Times Of India
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