IndiGo IPO Expected To Raise $465 Million | Aviation International News

IndiGo IPO Expected To Raise $465 Million

Expansion plans call for current complement of 100 airplanes to increase to 154 by March 2018

IndiGo operates a uniform fleet of some 100 Airbus A320s.

By Neelam Mathews

October 23, 2015

Helped by low fuel prices and an improving economic outlook, InterGlobe Enterprises, the current majority owner of Indian budget airline IndiGo, plans to raise up to $465 million in an initial public offering from October 27 to 29. InterGlobe expects the IPO to rank as the biggest airline public issue in India since the country’s first budget airline, Air Deccan, made its debut in the market in 2006. Domestic budget carriers in India now hold a 65 percent market share.

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