{"id":29745,"date":"2023-03-24T14:00:20","date_gmt":"2023-03-24T08:30:20","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=29745"},"modified":"2023-03-24T14:00:24","modified_gmt":"2023-03-24T08:30:24","slug":"by-the-end-of-2024-indigo-plans-to-have-350-aircraft-in-its-fleet","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/03\/24\/by-the-end-of-2024-indigo-plans-to-have-350-aircraft-in-its-fleet\/","title":{"rendered":"By the end of 2024, IndiGo plans to have 350 aircraft in its fleet"},"content":{"rendered":"\n

As many as 490 aircraft are expected to join IndiGo’s fleet by the end of the decade, and the airline expects to carry 100 million passengers in FY24. IndiGo now holds a market share of 55% in the domestic market.<\/strong><\/p>\n\n\n\n

IndiGo <\/h2>\n\n\n\n

By the conclusion of the fiscal year in 24 (FY24), IndiGo <\/a><\/strong>expects to have a fleet of 350 aircraft, a 14% increase from FY23. According to a presentation given at the analyst meeting on March 23, the airline firm also wants to increase its size and scope by 2030.<\/p>\n\n\n\n

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IndiGo | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

With a market share of 55% and plans to add up to 490 aircraft to its fleet by the end of the decade, including several Airbus XLRs that will allow it reach Europe, Air India is the largest domestic carrier in India.<\/p>\n\n\n\n

InterGlobe Aviation Limited<\/h2>\n\n\n\n

The share price of InterGlobe Aviation Limited, which runs IndiGo<\/a><\/strong>, was down around 0.3 percent on the NSE at 10:50 am and trading at Rs 1,901.<\/p>\n\n\n\n

Even though IndiGo <\/a>has more orders than its competitors, the airline’s management claimed it is unclear what the forecast for capacity increase by competitors is. It holds that given the promising demand future for India’s aviation industry, competition cannot be disregarded.<\/p>\n\n\n\n

A 100 million passenger increase from FY23 is also anticipated by Indigo for FY24. With 104 total destinations, 78 of which are domestic and the remaining 15 are international, it also plans to increase that number by 10 to 15 by the end of FY24.<\/p>\n\n\n\n

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IndiGo | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

Also, read <\/strong><\/p>\n\n\n\n