Thursday, September 07, 2017

IndiGo to expand; eyes stakes in Jet Airways or Air India

IndiGo Airlines could be interested in investing in Jet Airways  if it doesn't manage to acquire part of Air India , reports Live Mint. According to an anonymous source "briefed on the airline's strategy", IndiGo sees strong opportunity in the international market for a large Indian airline. To that end, it has registered its interest in acquiring the national airline, and is so far the only Indian carrier to do so.

However, it is only interested in taking on Air India's international operations or, as an alternative, one quarter of its domestic ops bundled with its international side. If the government insists on an all-or-nothing scenario, IndiGo will look to Jet Airways, instead. Jet Airways has been on the lookout for a strategic investor since mid-2017.

If neither strategic investment pans out, the anonymous source says that IndiGo will take a slower route, adding widebody aircraft to its fleet before expanding its own international operations.

The low-cost carrier is India's largest domestic airline, with 40% of domestic capacity. It operates to destinations throughout India as well as to Bangkok Suvarnabhumi, Doha Hamad Int'l, Dubai Int'l, Kathmandu, Muscat, Sharjah, and Singapore Changi with an all-Airbus fleet of 113 A320s and twenty-two A320neos.
07/09/17 ch-aviation