SP's Airbuz - - News Briefs -

In­dia’s largest low-cost car­rier In­diGo has an­nounced plans to buy 50 ATR tur­bo­prop air­craft for $1.3 bil­lion to ex­ploit op­por­tu­ni­ties in the re­gional avi­a­tion mar­ket. In­diGo, which has firmed up an order for 250 A-320neo air­craft in Au­gust 2015 that could fetch up to $25.7 bil­lion for air­craft man­u­fac­turer Air­bus, has a fleet of 133 Air­bus planes, in­clud­ing 19 A-320neo. It ex­pects to have 170 A-320 planes by March 2018.

In­diGo plans to launch its tur­bo­prop op­er­a­tion at the end of this year and ex­pects to in­duct up to 20 ATR 72-600 air­craft by De­cem­ber next year, the air­line said, “as­sum­ing” that the in­tended fi­nal pur­chase agree­ments are reached. If ev­ery­thing goes as per the plan, by March 2018, In­diGo would have seven such air­craft. In­diGo Pres­i­dent Aditya Ghosh said, “In sup­port of Prime Min­is­ter Naren­dra Modi’s UDAN vi­sion, we are em­bark­ing on a jour­ney to build a na­tion­wide re­gional net­work and con­nect cities that have not ben­e­fited from the growth in In­dian avi­a­tion.” Mean­while, In­diGo’s par­ent In­terGlobe Avi­a­tion re­ported a nearly 25 per cent de­cline in profit at 440.31 crore in the fourth quar­ter ended March 2017, as higher ex­penses took a toll on its bot­tom line. The air­line had a profit after tax of 583.78 crore in the same pe­riod, a year ago.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.