IndiGo; country’s largest airline is recently witnessing signs of increasing in seat occupancy after recommencing domestic operations. According to reliable sources, IndiGo’s Chief Executive Officer, Ronojoy Dutta, has also revealed that the airline had intentions to raise extra cash from the sale and leaseback of 13 aircraft and spare engines.
The booking trend experienced an upshot, with increase in load factors and unit revenue, Dutta said. “Future bookings are coming along nicely,” he added.
Domestic Air Travel resumed on May 25th after two months of halt, however scheduled international flights still remain non-operational.
The airlines has even seek government permission to allow it to fly at 50 per cent volume as the airline is positive on getting bookings. At present, airlines are permitted to operate only 33 per cent of the their potential. The Union government recently sought industry response on the viability of raising up the airline capacity.
InterGlobe Aviation, the company that manages IndiGo, revealed a pre-tax loss of Rs 1,290 crore in the month if January-March quarter and brokerages have scrap its earning estimates because of stumbled growth point of view.