Profit making low-cost carrier Indigo Airlines has ruled out any immediate plans of going public. In a rare media interaction, Indigo Airlines founder and managing director of parent firm Interglobe Enterprises, Rahul Bhatia said the company shared its yearly numbers to dispel rumours that the Idigo story was unreal, reports CNBC-TV18’s Ronojoy Banerjee. Bhatia also said the economic environment has forced airlines to push up air fares and questions AirAsia chief's promises of offering free tickets. Indigo Airlines is the only profitable airline in the country. It made Rs 787 crore in FY13, is a perfect case study on how to survive and thrive even when the going gets tough. The low-cost carrier has lined up expansion plans, which includes buying smaller aircrafts and increasing fleet size to a total of 85 by 2014 and expanding into smaller cities like Surat. The company says it has no immediate plans to tap the markets for funds.
25/11/13 Ronojoy Banerjee/CNBC-TV18
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25/11/13 Ronojoy Banerjee/CNBC-TV18
