IBEF: August 28, 2019
IndiGo, India's largest airline, operated by InterGlobe Aviation Ltd., expects to see a growth at 30 per cent a year over the next few years, said Mr. Ronojoy Dutta, CEO of the airline, said in sixteenth annual general meeting on Tuesday.
According to Dutta, chief executive of the airline, "We expect that half of that growth will go international, half will go domestic." He is positive about the international operations of the airline.
The company is also looking at wide body aircraft other than Airbus A321 XLR for its international operations.
It presently operates Airbus A320 Neo, Airbus A320 CEO, Airbus A321 aircraft, which connects domestic as well as nearby international destinations.
The airline presently has around 238 aircraft in its fleet comprising of ATRs and narrow body aircraft. The airline is looking at wide body aircraft.
Dutta told shareholders that related-party transactions (RPTs) of Rahul Bhatia-led InterGlobe Enterprises (IGE) with the airline amount to less than 1% of the total annual turnover of the company, currently at around Rs 30,000 crore. According to Dutta, the present value of RPTs (between IGE and IndiGo) is about Rs 156 crore. All RPTs had been approved by the audit committee.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.