Indigo Airlines Goes International from 4 Aug 2011. The Budget air carrier Indigo has received the permission of government to fly international from next year. The airlines will complete its five years on August 4th 2011 and after that it will go international. Indigo Airlines has plans to add 45 new flights also in the year 2011. Indigo is the 2nd budget air carrier in India after Spice Jet, which would be flying overseas. Spice Jet, which received government’s permission to fly on international network early this year, plans to launch flights to Kathmandu and Colombo from next month. Indigo is one of India’s three stand-alone low-fare airlines and is promoted by the Interglobe Group. By this year end, six aircraft will join the fleet and 14 are slated for next calendar year. Indigo airline however has funding tied up for this fleet expansion
Indigo is also set to get the nod from the civil aviation ministry to fly international by August 2011. We will very soon get the in-principle approval to fly international, said Mr. Ghosh. He however, refused to give details of the destinations the airline will fly to but said that with the existing aircraft type the airliner will do South East Asia, Middle East and SAARC region countries.
Indigo also wants to expand its domestic services with new flights to Tier II cities and increase in the frequency of existing flights. It will launch flights from Coimbatore to Chennai and Delhi.
Indigo Airlines promoted by InterGlobe Aviation Pvt. Ltd, is planning to file DRHP by December end. Indigo Airlines is planning to raise US$500 mn/Rs22.15bn through its initial public offering. The IPO is scheduled for the last quarter of the current fiscal ending March 2011. Indigo has hired five investment bankers, including JM Financial Ltd, Credit Suisse Group AG, Citigroup Inc., UBS AG and Morgan Stanley for the IPO.