IndiGo registers swift recovery; reaches 80% of pre-COVID capacity
The airline is now the world s seventh biggest by capacity and the largest outside the United States and China, according to data firm OAG
Reuters | January 21, 2021 | Updated 10:36 IST
IndiGo took 44 planes from Airbus SE last year - the most of any customer and topping Delta Air Lines Inc and China Southern Airlines Co Ltd - as it replaced older planes with more fuel-efficient newer models
India s IndiGo has emerged as one of the world s biggest airlines by capacity, aided by a swift recovery in the domestic aviation market to nearly 80% of pre-pandemic levels and the financial strength to boost market share as rivals struggle.
Indigo is the largest airline in India accounting for 59.24 per cent domestic market share.
India s IndiGo has emerged as one of the world s biggest airlines by capacity, helped by a swift recovery in the domestic aviation market to nearly 80 per cent of pre-pandemic levels and the financial strength to boost market share as rivals struggle.
The airline is now the world s seventh biggest by capacity and the largest outside the United States and China, according to data firm OAG. It is a rare bright spot in a battered global aviation industry, providing a lifeline to squeezed lessors and aircraft manufacturers by paying bills on time and in full.
4 Min Read
SYDNEY/JAKARTA (Reuters) - Starting with just one plane in 2003, Indonesia’s Sriwijaya Air has become the country’s No.3 airline group, aided by its strategy of acquiring old planes at cheap prices and serving routes neglected by competitors. The mid-market airline, which has few international flights, was thrust into the spotlight this week when a nearly 27-year old Boeing Co 737-500 crashed into the Java Sea on Saturday with 62 people on board.
FILE PHOTO: A Sriwijaya Air plane loads passengers at Denpassar international airport in Bali March 23, 2017. REUTERS/Thomas White
Brothers Chandra and Hendry Lie, whose family was involved in tin mining and the garment industry, and their business partners launched Sriwijaya 17 years ago with a single plane that flew from their hometown of Pangkal Pinang on Bangka Island to Indonesia’s capital Jakarta.