No-frills airline IndiGo plans to start low-cost long haul international flights and is "focused narrowly" on buying Air India's overseas operations.
Little over a week after expressing its interest in buying out the operations of debt-laden Air India, IndiGo's founders -- Rahul Bhatia and Rakesh Gangwal -- laid out the airline's long term plans to capitalise on the "untapped international air transportation opportunities" provided by India.
"Irrespective of how Air India story plays and based on our internal works, we are generally of the view that it makes fundamental economic sense for us to enter the long haul international market," Gangwal said.
In a nearly an hour-long conference call with investors and analysts, he said the airline's long haul plans are guided by various factors, including the fact that India market is under-served by long haul international flights.
"We believe international long haul market is ready for the right type of low cost operations," he noted.
To Read the News in Full 07/07/17 Business Standard
Little over a week after expressing its interest in buying out the operations of debt-laden Air India, IndiGo's founders -- Rahul Bhatia and Rakesh Gangwal -- laid out the airline's long term plans to capitalise on the "untapped international air transportation opportunities" provided by India.
"Irrespective of how Air India story plays and based on our internal works, we are generally of the view that it makes fundamental economic sense for us to enter the long haul international market," Gangwal said.
In a nearly an hour-long conference call with investors and analysts, he said the airline's long haul plans are guided by various factors, including the fact that India market is under-served by long haul international flights.
"We believe international long haul market is ready for the right type of low cost operations," he noted.
To Read the News in Full 07/07/17 Business Standard
No comments:
Post a Comment