Thursday, August 24, 2023

IndiGo taking range of measures to deal with aircraft on ground situation: CEO

The country's largest airline IndiGo on Thursday told shareholders that a whole range of mitigating measures are being taken to deal with the situation arising out of grounded aircraft and it is working hard to again have a positive net worth for the company.

Speaking to shareholders at the 20th annual general meeting of InterGlobe Aviation, CEO Pieter Elbers also said it aims to "welcome 100 million customers" in this financial year.

InterGlobe Aviation is the parent of IndiGo, which has more than 63 per cent domestic market share and is also focusing on internationalisation of its operations.

The airline operates more than 300 planes and has nearly 1,000 aircraft on order.

In response to a shareholder's query regarding Aircraft on Ground (AOG), Elbers said a whole range of mitigating measures are being taken to address the situation, including cooperation with Turkish Airlines.

"We are dealing with some AOG situation... AOG is being dealt with a whole range of mitigating measures. These measures were announced at the end of last year and have been effective in order to make sure that we deliver our capacity guidance that we provided to the market and shareholders earlier," the IndiGo CEO said.

24/08/2023 PTI/Economic Times

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