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Former chairman Venkat Sumantran resigned after completing his 5 -year term in the Indigo Board.
IndiGo, the country’s largest airline, has appointed Vikram Singh Mehta as its new chairman. Vikram has been a former IAS officer. Prior to this, Vikram had been the chairman of the shell group of Companies India. He has also held positions like CEO of Shell Markets and Shell Chemicals in Egypt.
Vikram will replace former chairman Venkat Sumantran. Sumantran took over the company for three years. He resigned after completing his 5 -year term in the Indigo Board.
Indigo will start flying at Navi Mumbai Airport
Apart from this, IndiGo has announced to start the first commercial flights from the new international airport in Navi Mumbai in August. The airline said on Wednesday that it will be the first airline to start commercial operation from this new airport.
Airline made a profit of 3000 crores
Interglobe Aviation, a company operating Indigo, has received a net profit of Rs 3,068 crore in the fourth of FY 2024-25. It has increased by 62% on an annual basis. It was Rs 1,895 crore in the same quarter of last year. The company has made this profit due to increasing demand in air travel.
In the January-March quarter, IndiGo operation rose 24% to Rs 22,152 crore on an annual basis. The company’s revenue was Rs 17,825 crore in the fourth quarter of FY24, the same quarter of a year ago. IndiGo released the January-March quarter and annual results on Wednesday (May 21).
Indigo is India’s largest airline
Indigo is the largest airline in the country in terms of market share. The company’s stock in the Indian airline market is around 64%. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2000 flights daily.
IndiGo flights run on more than 80 domestic destination and more than 30 international destinations. It combines 110+ destinations. The airline has more than 320 aircraft fleet. It has more than 50 crore customers.
IndiGo became the world’s most valuable airline a month ago
A month ago, IndiGo Market became the world’s most valuable airline according to the captivity. According to Bloomberg, IndiGo achieved this position on 9 April, leaving the US based delta airlines behind for some time. However, IndiGo returned to the position of the second most valuable airline in the world after about 1 hour. Read full news …