IndiGo’s President Aditya Ghosh spoke in support of Draft Aviation Policy in which the government has proposed to cap airfares on regional routes at Rs 2,500 and said that it is a holistic move to expand the market, on a day when the shares of the airline’s parent company InterGlobe Aviation soared 17 per cent on debut trade. Here are his top 5 quotes:
1. Asked about InterGlobe Aviation’s stock performance, Aditya Ghosh said, “it beat my own expectations”.
2. “It’s fair on the part of the government to seek something in return (to help develop a larger market). In isolation, the capping ticket prices and the 2 per cent cess on air tickets may not look fair, but on the whole it will help develop better air connectivity,” Aditya Ghosh said about the draft aviation policy’s clause in which the government has proposed a cap of Rs 2,500 on airfares in regional routes besides a 2 per cent levy on all air tickets to boost air connectivity.
3. “Entering the regional aviation space does not make sense for us now as our current planes are not economically suited for that,” Ghosh said. He added that the new regional connectivity plan would help open up huge opportunities for regional airlines but was quick to add that his airline has no immediate plan to enter the sector as his present plane types do not suit that.
11/11/15 Financial Express
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1. Asked about InterGlobe Aviation’s stock performance, Aditya Ghosh said, “it beat my own expectations”.
2. “It’s fair on the part of the government to seek something in return (to help develop a larger market). In isolation, the capping ticket prices and the 2 per cent cess on air tickets may not look fair, but on the whole it will help develop better air connectivity,” Aditya Ghosh said about the draft aviation policy’s clause in which the government has proposed a cap of Rs 2,500 on airfares in regional routes besides a 2 per cent levy on all air tickets to boost air connectivity.
3. “Entering the regional aviation space does not make sense for us now as our current planes are not economically suited for that,” Ghosh said. He added that the new regional connectivity plan would help open up huge opportunities for regional airlines but was quick to add that his airline has no immediate plan to enter the sector as his present plane types do not suit that.
11/11/15 Financial Express
