IndiGo in long haul for bigger market share
Synopsis
The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A critical question is whether the airline will be able to retain the advantage of a low-cost carrier once it expands in international markets, which would increase its operating costs.
The stock of InterGlobe Aviation has gained 6% since April 25 when the country’s largest airline announced its plan to purchase wide-body Airbus A350-900 aircraft, which will help in expanding its global reach. Its upbeat performance on bourses amid a high market volatility reflects the optimism of investors about its global aspirations.The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A
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