leadership of Indigo
Answers
Explanation:
Rahul Bhatia is the Group Managing Director of InterGlobe Enterprises and also the co-founder, Promoter and a Non-Executive Director of InterGlobe Aviation Limited (IndiGo), India's largest airline. ... In the same year, he received 'The Outstanding Start-Up' award at the Forbes India Leadership Awards as well.
Answer:
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Explanation:
Rahul Bhatia is the Group Managing Director of InterGlobe Enterprises and also the co-founder, Promoter and a Non-Executive Director of InterGlobe Aviation Limited (IndiGo), India's largest airline. ... In the same year, he received 'The Outstanding Start-Up' award at the Forbes India Leadership Awards as well.
IndiGo was founded in 2006 as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal.[13] InterGlobe had a 51.12% stake in IndiGo and 47.88% was held by Gangwal's Virginia-based company Caelum Investments.[14][15] IndiGo placed a firm order for 100 Airbus A320-200 aircraft in June 2005 with plans to begin operations in mid-2006.[16] IndiGo took delivery of its first aircraft on 28 July 2006, nearly a year after placing the order.[17] It commenced operations on 4 August 2006 with a service from New Delhi to Imphal via Guwahati.[18] By the end of 2006, the airline had six aircraft, and nine more were acquired in 2007.[18] In December 2010, IndiGo replaced state-run carrier Air India as the third largest airline in India, behind Kingfisher Airlines and Jet Airways with a passenger market share of 17.3%.[19]
In 2011, IndiGo placed an order for 180 Airbus A320 aircraft in a deal worth US$15 billion.[20] In January 2011, after completing five years of operations, the airline got permission to launch international flights.[21] In December 2011, the DGCA expressed reservations that the rapid expansion could impact passenger safety.[22]
In February 2012, IndiGo took delivery of its 50th aircraft, less than six years after it began operations.[23] For the quarter ending March 2012, IndiGo was the most profitable airline in India and became the second largest airline in India in terms of passenger market share.[24] On 17 August 2012, IndiGo became the largest airline in India in terms of market share surpassing Jet Airways, six years after commencing operations.[25]
In January 2013, IndiGo was the second-fastest-growing low-cost carrier in Asia behind Indonesian airline Lion Air.[26] In February 2013, following the announcement of the Civil Aviation Ministry that it would allow IndiGo to take delivery of only five aircraft that year, the airline planned to introduce low-cost regional flights by setting up a subsidiary. Later, IndiGo announced that it planned to seek permission from the ministry to acquire four more aircraft, therefore taking delivery of nine aircraft in 2013.[27] As of March 2014, IndiGo is the second-largest low-cost carrier in Asia in terms of seats flown.[28]
In August 2015, IndiGo placed an order for 250 Airbus A320neo aircraft worth $27 billion, making it the largest single order ever in Airbus history.[29] IndiGo announced a ₹3,018 crore (US$420 million) initial public offering on 19 October 2015 which opened on 27 October 2015.[30][31][32]
In October 2019, IndiGo placed another order for 300 Airbus A320neo aircraft worth ₹2.3 lakh crore (US$33 billion), surpassing its own record of the largest single order ever in Airbus history.[33][34]
In December 2019, the airline became first Indian airline to operate 1,500 daily flights.[35] On 31 December 2019, it became India's first airline to have a fleet size of more than 250 aircraft.