INDIGO DECLARES PROFIT IN 2011-12

seen as a vital corporate tool? In the US, hundreds of Fortune 500 companies now flaunt their own aircraft, with companies arguing that this vital

CRNN quSoted conveyance saves time and boosts productivity. A r According to a report in the Financial Chronicle, low-cost carrier (LCC) IndiGo, has once again posted a net profit for the fiscal year ending March 2012. As per Aditya Ghosh, President, InterGlobe, “Profits in the year 2011-12 is expected to be in the region of 50-100 crore.” Compared with the profit of 650 crore in the previous financial year which was 18 per cent higher than the year before, this year the profit has been modest. However, given the fact that the past year has been difficult for the airline industry, the world over and especially in India, performance of IndiGo has indeed been creditable. IndiGo clearly stands out like an island of hope in the sea of despair in which almost all the other carriers are wallowing. affiliations. Another school of thought is that the government is cautious in the decisionmaking process on account of their unpleasant experience in the recent past with the issue of permitting FDI in multi-brand retail and hence would like to ensure that allies are on board before taking the final decision. The government appears to be in no hurry to say the final word on the issue. als already held by the Air Works facility in Hosur, where it maintains Airbus A320 family, Boeing 737 Classic/NG series and ATR 42/72 series aircraft and by SAAW, Air Works joint venture with Scandinavian Avionics which has an EASA approved avionics shop in Delhi. Air Works has constantly been enhancing capabilities to make the company a one-stop shop for all aircraft maintenance work.