Saturday, April 28, 2018

Who is Aditya Ghosh?

As IndiGo's President Aditya Ghosh bids adieu to the airlines, here a look at his achievements in the organisation.

PRIVATIZATION OF AIRLINES IN INDIA
During the era of privatisation, the then Aviation Minister, Madhavrao Scindia opened the doors for the airlines by modifying the Air Corporations Act, 1953.

In 1992, Parvez Damania debuted the first private airlines on Indian soil, Damania Airways. Headquartered in Mumbai, the airlines lasted till 1997.

Gradually, several players in private sector came into picture such as Jet Airways, Kingfisher along with Spicejet, Paramount, Indigo and Go Air.

AIRLINES WITH THE LARGEST MARKET SHARE: INDIGO

Of all the airlines, IndiGo has emerged as a dark horse with maximum market share, i.e. 38.2 per cent according to the survey.

IndiGo was founded in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal, a United States-based NRI.

Started with a single plane, this low-cost carrier has a fleet of 161 aircraft.

The airline has touched the sky under the supervision of Aditya Ghosh.

"In about three months, it will be ten years for me in my role as the President of IndiGo and twelve years since IndiGo took to the sky. It's been an exhilarating ride to say the least. Non-stop and relentless," Aditya Ghosh wrote in a letter to employees.

INDIGO'S JOURNEY UNDER ADITYA'S REIGN
Achieving the largest market share, the company has collected whopping 55,000 crore market capitalization.

While providing cheap flights, IndiGo has been consistently maintained the position of the profitable domestic airline since 2009.

Last year, the company recorded a profit of Rs 487 crore for the quarter of October-December, while this year it has minted Rs 762 crore.

Ahead, in future, it plans to expand internationally in the European cities of Frankfurt and Paris, and to Gatwick, Manchester and Birmingham in the UK, starting October 2018.

"We believe there is a significant opportunity that exists to traffic from high cost non-stop operators with right kind of low-cost non-stop services out of India. We are uniquely positioned to take advantage of this, primarily because of our significant domestic network," Aditya Ghosh had said to the Financial Express.
28/04/18 India Today