IndiGo Rebounds Strongly as Grounded Fleet Takes Off Again
IndiGo has successfully negotiate a period of significant challenges and is now experiencing a strong uptick in domestic air travel demand, says CEO Pieter Elbers. The airline expects the number of grounded planes, formerly impacted by Pratt & Whitney engine issues, to fall to fewer than 50 by March 2025.
Founders: Rahul Bhatia, Rakesh Gangwal
Primary Hub: Indira Gandhi International Airport
Established: August 2006
Headquarters: Gurugram, India
Number of Destinations: 122
.webp "InnovativeZone")
IndiGo has emerged from a challenging period marked by grounded aircraft issues and is now seeing a notable rise in domestic air travel demand. “We’ve turned the corner,” said CEO Pieter Elbers in an interview with Bloomberg Television on Tuesday, emphasizing the airline’s optimism for the future.
IndiGo is aiming to bring down its grounded aircraft count to under 50 by March 2025, a reduction from its previous peak of over 70.
Managed by InterGlobe Aviation Ltd, IndiGo had faced unexpected losses in its first two years due to increasing fuel costs and higher maintenance expenses.
Elbers anticipates a “very positive” peak travel season in India, noting a “healthy growth pattern” in bookings. “We’re seeing very positive momentum once again,” he remarked.
FAQ
1. Who currently holds the position of CEO at IndiGo Airlines?
Pieter Elbers, born on May 11, 1970, is a Dutch airline executive who has served as the CEO of IndiGo since 2022.
2. Who is currently responsible for Human Resources at IndiGo?
The Human Resources department at IndiGo (InterGlobe Aviation Ltd) is headed by Sukhjit Pasricha, who serves as the Group Chief Human Resources Officer. The department comprises a team of 1,658 employees.
3. Who owns IndiGo?
IndiGo, a low-cost airline headquartered in Gurgaon, India, began its operations in August 2006. It is owned by InterGlobe Enterprises, founded by Rahul Bhatia. The airline boasts a comprehensive domestic network and offers international flights to South Asia, Southeast Asia, Europe, and the Gulf region.
4. Is IndiGo owned by Tata?
No, IndiGo is not owned by Tata. The airline was established in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal, an expatriate Indian based in the United States. InterGlobe holds a 51.12% stake in IndiGo, while 47.88% is owned by Gangwal’s Virginia-based company, Caelum Investments.
5. What rank is IndiGo?
IndiGo ranks 5th best low-cost airline in the world.
