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IndiGo to buy 50 ATR planes; eyes regional aviation market

Indigo

Airline major IndiGo is all set to introduce 50 turboprop planes to its fleet in a bid to increase more regional operations. InterGlobe Aviation, which runs IndiGo, informed the Bombay Stock Exchange on Tuesday that the company has signed a deal with French aircraft manufacturer Avions de Transport Regional GIE for buying 50 ATR 72-600 aircraft.

Introduction of the aircraft will help IndiGo increase its regional presence by starting more services connecting smaller towns in the country. Indigo aims to start turboprop operations in the third quarter of this financial year. In a period of two years, the company will induct 20 such aircraft to its fleet.

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Currently, Indigo has a marketshare of close to 40 percent in the Indian domestic aviation sector and operates 133 Airbus A320 planes connecting 46 destinations.

“IndiGo is likely to be a 177 aircraft airline by March. We are looking to build a nation-wide regional network and connect cities that have not benefitted the aviation sector growth in India,” IndiGo president Aditya Ghosh said in the statement.

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Indigo has reported a profit of Rs 1,659 crore for 2016-17 from Rs 1,986 crore in the previous year. Total revenue rose to Rs 19,369.57 crore for year ended 31 March compared to Rs 16,655.03 crore the year before. It also announced a divided of Rs 34 per share. Shares of InterGlobe rose almost 2% to close the day at Rs 1141.1 on Tuesday on BSE.

Courtesy : Corporate Ethos
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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

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