The leading airline of the country – IndiGo is planning to launch a direct Delhi to Vizag flight. A third daily flight on the Hyderabad-Vizag route is also on the list to be started from 10th of October. This low-cost carrier (LCC) already operates more than 500 daily flights with a fleet size of almost 79 aircraft. It leased around 12 models from Tigerair to be delivered by March. Most of them are domestic flights operated on metro and non-metro routes. Started by two enthusiasts, it has grown into the largest carrier of the nation carrying more than 31 per cent passengers in India to their destination. Recently, the company has introduced fundamental changes in the shareholding structure in order to raise some more funds.
After approval from Foreign Investment Promotion Board (FIPB), the shares of one of the partners Rakesh Gangwal – a Non-Resident India (NRI) – has been converted into NRI holdings from foreign Direct Investment (FDI). Now, the airline can raise funds from a foreign enterprise up to 49 per cent. The inflow of resources can be used to make payments of some of the Airbus models to be delivered in 2016 and 2017. This InterGlobe Technologies-owned LCC is trying to deploy its newly received Airbus model by adding new routes to its options. Now, passengers can book a direct IndiGo flight from Delhi to Vizag. The carrier announced this launch after a meeting with the Directorate General of Civil Aviation (DGCA) ministers. Air India, AirAsia, SpiceJet and GoAir officials were also present in the meeting to discuss other aspects of the industry. They discussed about fuel charges and came to a conclusion that there is scope of reducing sales tax on aviation turbine fuel by around a per cent. IndiGo president informed that booking for this new flight is open for prospective travellers.
After approval from Foreign Investment Promotion Board (FIPB), the shares of one of the partners Rakesh Gangwal – a Non-Resident India (NRI) – has been converted into NRI holdings from foreign Direct Investment (FDI). Now, the airline can raise funds from a foreign enterprise up to 49 per cent. The inflow of resources can be used to make payments of some of the Airbus models to be delivered in 2016 and 2017. This InterGlobe Technologies-owned LCC is trying to deploy its newly received Airbus model by adding new routes to its options. Now, passengers can book a direct IndiGo flight from Delhi to Vizag. The carrier announced this launch after a meeting with the Directorate General of Civil Aviation (DGCA) ministers. Air India, AirAsia, SpiceJet and GoAir officials were also present in the meeting to discuss other aspects of the industry. They discussed about fuel charges and came to a conclusion that there is scope of reducing sales tax on aviation turbine fuel by around a per cent. IndiGo president informed that booking for this new flight is open for prospective travellers.
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