June 30, 2022

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Indigo Joins 100 Aircraft Club

India’s LCC Indigo inducted its 100th Airbus A320 aircraft ‘VT-IDR’ into its fleet making it the third domestic airline to have as many planes. Earlier, Air India and Jet Airways had over 100 planes in their fleet.
Flying High

“IndiGo celebrates a significant milestone taking its fleet size to a 100 Airbus A320 aircraft. IndiGo took delivery of the ‘VT-IDR’ aircraft to join its ever growing fleet on 23rd December, 2015. The aircraft puja was done today, 24th December 2015, at Terminal 1D Delhi,” the airline said in a statement.

Expressing happiness at the development, Indigo president Aditya Ghosh said: “Ten years ago we had dreamt of one day being a part of 100 aircraft airline. Our sincere gratitude to

Indigo president Aditya Ghosh

over a hundred million customers who have chosen IndiGo and are the reason for us to have reached this milestone.”

Indigo flies 653 daily flights connecting 39 domestic and 5 international destinations. 

InterGlobe Aviation Ltd shares has gained as much as 38% ever since its listing.

In general aviation stocks are presently trading at levels higher than expectations. On December 24, 2015, Interglobe Aviation closed at Rs 1164.25. Its 52-week high/low have been Rs 1234.00/765.00.

Valuations as in December 2015 –

Indigo rescues quake hit Nepal

Indigo – Rs 39,188.77 crore,
SpiceJet –  Rs 3,735 crore and 
Jet Airways – Rs 5,206 crore

There is an unusual wide gap between Indigo and its nearest rival Spicejet causing surprise to many.

Investors are very much upbeat that these aviation companies will post good December quarter earnings as a fall in crude oil prices,  reduced fares and increased sales.

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