Indigo, India's largest airline, has achieved a major milestone by becoming the first Indian airline to surpass a market capitalization of Rs 1 trillion. The airline's shares closed at a record high of Rs 2619.85 per piece, marking a 3.55% increase compared to the previous close. This achievement also extends to the airline's parent company, InterGlobe Aviation, making it the first Indian aviation firm to achieve a market capitalization of over Rs 1 trillion. However, concerns have been raised about Indigo's growing market share potentially leading to a monopoly in the Indian aviation industry, as its market share has exceeded 60% following the grounding of Go First.
Indigo's recent groundbreaking deal with Airbus, ordering 500 planes, demonstrates the untapped potential of India's air travel market and positions the country as an emerging aviation superpower. The airline's optimistic outlook, coupled with the expanding middle class, is expected to drive the demand for domestic air travel, while the acquisition of new jets will help Indigo capture a larger share of the international traffic. This deal also sets a record for the largest single purchase agreement in the history of commercial aviation, bringing Indigo's total number of Airbus plane orders to an impressive 1,330.
Indigo's success in the Indian aviation industry is a testament to its strategic vision, efficient operations, low-cost structure, and customer-centric approach. Achieving a market value of over Rs 1 trillion solidifies Indigo's position as the market leader in India. This significant milestone not only highlights Indigo's accomplishment but also holds importance for the entire Indian aviation sector, provoking curiosity about the airline's future growth and evolution in the years to come.
Editor: Ms.Fahima Afrin
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