IndiGo, India’s largest airline, is shifting its focus to international expansion as it has already achieved a 60%+ market share in the domestic market.
The airline is targeting international routes to less common destinations, where it can establish an early lead as many Indians seek new tourist spots.
Starting in 2024, IndiGo will receive a fleet of 49 Airbus A321XLR planes, enabling it to offer long-haul international flights to destinations in Europe, Asia, and more.
This strategic expansion aims to position IndiGo as a major global player in the aviation industry.
CEO Pieter Elbers said, “We have a projection for planes to be delivered well into the next decade. We expect to have deliveries of one plane every week”
Some other updates which are related:
Jet Fuel (ATF) price cut to ₹1.00 lk/kL from ₹1.01 lk/kL in Delhi
December 2023, Indigo became first Indian airlines to reach 100 million passengers. This is one of the fastest milestone achieved. It has now joined select global peers.
FY26 futuristic roadmap: electric air taxi service in India. Again first player here in collabration with Archer Aviation.
Very likely rules will be delayed as demanded, or some short term capacity issues can occur. Longer run, this pushes up cost, which may just fall on consumer.
The Federation of Indian Airlines is an association consisting of IndiGo, Air India, Vistara, and SpiceJet. These airlines are of the opinion that these new regulations will require them to increase the number of pilots by 25%, and hiring them will not be possible within six months, until June, which could force them to cancel 20% of their flights.
Promoter Rakesh Gangwal and entities are likely to sell a 3.3% stake in InterGlobe Aviation. The floor price for the sale has been fixed at Rs 2,925 a share, a discount of 6% to the current market price. Global investment banks JPMorgan Chase and Morgan Stanley are the brokers to the deal, reports said.
This is most likely impact the stocks to reach it to 2900 level then it can be a good time to buy as it is undervalued compared to its peers and management future prospect is great.
Cathie Wood just spoke about this in her latest Bloomberg Interview. Interglobe - Air Taxis - Ease My trip founder also spoke about this one. This is going to happen.
Prevention of large scale selling
Lockin ensures a lot of investors in some stocks where promoters just want to exit for some reason here at indigo family feud is the reason for other brother to exit.
SEC also a similar lockin - IPO space also has this kind of lock in.
