IndiGo Planning Hefty IPO

IndiGo – the Indian Low Cost Carrier (or budget carrier) with largest market share – is planning a hefty IPO of around Rs 2000 crores. Some reputable bankers including Morgan Stanley and Credit Suisse have been appointed for the purpose.

The company seeks to raise some funds for expansion, which is actually a heartening news for domestic air travelers. A budget carrier is mainly meant for the middle class section of the society, and air travelers from that section of the society will eagerly await an expansion of one of their favourite airlines. Because the expansion means more service deliverability for that company, which ultimately means more gains for the middle class air travelers of India.
As of now IndiGo has 25 aircrafts. Let’s see how far they can go.

Good luck Mr. Aditya Ghosh. Please go ahead! Wish you all the best!

SpiceJet and IndiGo To Fly Abroad

For quite some time Jet Airways and Kingfisher Airlines have been the only two private airlines to fly abroad. But now they have to share the honour with two more players - SpiceJet and IndiGo.

The two airlines have already got the go-ahead from the Indian Civil Aviation Ministry. Now they are awaiting the completion of the necessary procedural formalities, to be conducted by the Directorate General of Civil Aviation. Both the players have fulfilled one criterion, i.e. having a minimum fleet size of 20 aircrafts. And both of them will soon achieve the other criterion, i.e. having a track record of conducting domestic operations for 5 years, uninterruptedly.

Notably, neither of the two players is eyeing far away destinations, like Europe and US. Rather both of them have their focus on South Asian region.

Good luck, guys. Wish you people all the best.