Clickhappy From United States of America, joined Sep 2001, 9604 posts, RR: 69 Posted (8 years 7 months 1 day 21 hours ago) and read 9557 times:
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Has anyone heard any more about the 100 A320's that IndiGo 'ordered' back in June?
They announced at the time of the order they would start flying between Nov 2005 - February 2006, and yet I don't think there has been any news. I would assume they would have planes in production and be doing route proving by now?
Also, did Airbus count this 100 plane order in their 2005 totals, or was it (more than likely) never finalized.
N79969 From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 7 months 1 day 21 hours ago) and read 9444 times:
Quoting Clickhappy (Thread starter): They announced at the time of the order they would start flying between Nov 2005 - February 2006, and yet I don't think there has been any news. I would assume they would have planes in production and be doing route proving by now?
Don't know much about Indigo other than they have some high-caliber executives who held senior positions at USAirways, United, and Air France.
No - they've not started ops in India so far. I'm actually surprised to hear that they went ahead and confirmed the order for 70+30. All the best to them!
The last (rumours) were that they were been given a tough time by the Govt, since there's really no parking space for a 100 aircraft at the major metro airports. Their main choice would have been to park at non-metros, and even that would be a stretch to park more than a few. Is the delivery schedule for these 100 published anywhere? My guess is that a lot of the aircraft are a long way away from delivery.
Cricket From India, joined Aug 2005, 2967 posts, RR: 7
Reply 14, posted (8 years 7 months 1 day 8 hours ago) and read 7652 times:
The other investor in the project - the majority investor is Interglobe Enterprises - A Delhi registered and Gurgaon HQed Travel Agency, Hotel Operator and GSA (who operate Galileo in India) which is owned by a character known as Rahul Bhatia. While they make money it is nowehere in the league of the at least $ 5 billion they will need to raise to finance the planes and start operations. That said, if you notice employment supplements such as Times of India's Ascent on Wednesday you will notice that they (along with the Wadia's GoAir) are taking out ads for ground staff, cabin crew and pilots. I don't know where they will raise the moolah for the airline, banks in India are getting wary of financing wild start-ups, and though the economy is awash in cash, Indigo's business model is nothing unique.
As for the parking bay shortage, at the rate planes are being added to the Indian skyline, we'll have to start parking planes in Pakistan and Nepal.
And a Happy New Year to all of you!
ScottB From United States of America, joined Jul 2000, 6712 posts, RR: 32
Reply 21, posted (8 years 7 months 1 day 6 hours ago) and read 7053 times:
Quoting Gigneil (Reply 10): When Rakesh Gangwal was CEO of US, they were amongst the most profitable airlines out there.
Actually, he was CEO as the wheels were coming off the bus. US Airways lost money in 2000 -- a year in which Delta posted an enormous operating profit of over $1.6 billion and Southwest made $1 billion as well. In 1999, US's operating profit of $136 million lagged most of their peers; Continental's was over 350% larger at $615 million while Southwest's was nearly 500% higher at $782 million.
While US Airways posted healthy profits during the mid-1990's, the Wolf-Gangwal leadership team failed to effectively prepare US Airways for a foreseeable wave of LCC competition across the company's network. September 11 only hastened the day of reckoning, especially at US since management had spent its profits on stock buybacks (to pump up the share price) rather than on reducing debt. The UAL merger (or merger with any larger carrier) was really the only exit strategy possible.
How exactly? If Indigo flourishes they're an Airbus customer, if they fail it costs Airbus nothing (they'll probably even have planes that can be delivered to other customers more quickly). Hardly a lose-lose situation!
Time flies like an arrow, but fruit flies like a banana!
PRIVATE low cost carrier Indigo Airlines on Tuesday said it might launch operations by February next year by taking aircraft on lease.
"The induction of aircraft will start from July next year but we are exploring if we want to accelerate the launch of the airline to February by doing short-term leases of aircraft. We hope to announce the launch date in 6-8 weeks. It could be as early as February or March and no later than July next year," Mr Rahul Bhatia, Managing Director of Interglobe Enterprises Ltd, said.
The airline is being jointly promoted by Mr Rakesh Gangwal and Interglobe Enterprises.