IndiGo eyes 1,000 planes
NEW DELHI: IndiGo, India's biggest domestic carrier by market share, plans to more than double its fleet in a decade as part of a goal to eventually become a 1,000-plane operator by tapping the nation's rising travel demand.
IndiGo will have at least 150 planes by 2023, its president Aditya Ghosh said in an interview. The budget airline now has 70 Airbus SAS A320s, he said, without giving a timeframe for building the fleet to 1,000 aircraft.
The privately held company's expansion plans mirror that of Indonesia's PT Lion Mentari Airlines and Malaysia's AirAsia Bhd as Asia's economic growth enables more people to fly for the first time.
"The long term potential of the Indian market is pretty huge," said Kapil Kaul, the head of the Indian unit of CAPA Centre for Aviation, which advises airlines. "I don't see any reason why such an ambition is not possible."
In January 2011, IndiGo ordered 180 planes worth US$15 billion (RM48.42 billion) from Airbus, the biggest order in commercial aviation history at that time. Before that, the carrier had ordered 100 aircraft from the same manufacturer.
It currently has an order backlog of 200 planes and some of these will be replacing its existing aircraft, Ghosh said. Bloomberg