INSUBCONTINENT EXCLUSIVE:
IndiGo is the country's largest carrier with a nearly 50 per cent share of the domestic market.IndiGo said on Thursday it signed a one-way
codeshare agreement with Qatar Airways
In a regulatory filing, InterGlobe Aviation - the parent company of budget airline operator IndiGo - said the agreement is in-line with its
international expansion plans, and will enable Qatar Airways to place its code on IndiGo flights between Doha and Delhi, Mumbai and
IndiGo said this marks its second codeshare agreement as part of its growth strategy for international markets
Shares in InterGlobe Aviation rose nearly 2 per cent after the announcement.Qatar Airways will place its code "QR" on IndiGo operated
flights between Doha and the three Indian cities, IndiGo said."This strategic alliance will not only strengthen our international
operations, but also boost economic growth in India, by bringing in more traffic and heralding opportunities for trade and tourism through
seamless mobility," said Ronojoy Dutta, chief executive officer, IndiGo.Qatar Airways CEO Akbar Al Baker added that he is also interested in
destinations in India, including Delhi, Mumbai, Bengaluru and Goa.Shares in IndiGo rose as much as 1.99 per cent to Rs 1,497.90 apiece on
the National Stock Exchange (NSE)
On the Bombay Stock Exchange (BSE), IndiGo shares rose as much as 1.88 per cent to an intraday high of Rs 1,496.20 apiece.At 11:14 am,
IndiGo shares traded 1.13 per cent higher at Rs 1,485.05 apiece on the bourse, outperforming the benchmark Sensex index which was up 0.17
order for 300 Airbus A320neo-family planes, including the newest jet, a long-range version of the single-aisle A320neo family called the
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