Monday, September 04, 2006

IndiGo set to expand operations

IndiGo Airline, the latest liner to enter the aviation sector, is on an expansion drive and is set to link up Hyderabad and Chennai later this month with the addition of one more aircraft into its fleet.
The private airliner, which has ordered for 100 planes and commenced operations barely four weeks ago expects to add one plane a month and take its fleet to six by December 2006 and add nine more in 2007.
The President and CEO of IndiGo, Mr Bruce Ashby, said that the company currently employs about 450 people and expects to break even after about 18 months, which is the general period taken by a new entrant into the industry.
03/09/06 Business Line/Moneycontrol.com