July 24, 2017 5:02 AM ET

Airlines

Company Overview of InterGlobe Aviation Limited

Company Overview

InterGlobe Aviation Limited provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline. It also offers ancillary passenger related services, such as service requests, ticket modification or cancellation, excess baggage, lounge income and convenience fees, cargo services, in-flight sales, advertisements, insurance products, and tours and packages. As of March 31, 2016, the company operated a fleet of 107 aircraft. InterGlobe Aviation Limited was incorporated in 2004 and is headquartered in Gurgaon, India. InterGlobe Aviation Limited is a subsidiary of InterGlobe Enterprises Limited.

Tower C

Level 1

Global Business Park

Mehrauli-Gurgaon Road

Gurgaon,  122002

India

Founded in 2004

Phone:

91 12 4435 2500

Fax:

91 12 4406 8536

Key Executives for InterGlobe Aviation Limited

President and Whole-Time Director
Age: 42
Total Annual Compensation: 270.1M
Compensation as of Fiscal Year 2016.

InterGlobe Aviation Limited Key Developments

InterGlobe Aviation Seeks Financing

InterGlobe Aviation Limited (NSEI:INDIGO) is seeking financing. InterGlobe Aviation said in a BSE filing on July 19, 2017 that its board will meet on July 31, 2017. Among other things, the LCC board will "consider the means of achieving the minimum public shareholding in the company in accordance with the applicable laws including through a follow on public offer and/ or an institutional placement programme which may comprise of a fresh issue and / or an offer for sale and recommend the same for the approval of shareholders of the company, if required." Promoted by Rahul Bhatia and Rakesh Gangwal, IndiGo was listed in 2015. The further equity sale to public could raise anywhere up to INR 60 billion.

Oman Air Not Intend To Bid For Air India

Paul Gregorowitsch, Chief Executive Officer of Oman Air (S.O.A.C) said on July 13, 2017, that it had no intention to bid for Air India Limited or any of its wings. InterGlobe Aviation Limited (NSEI:INDIGO) wrote to the government with an expression of interest in buying out the international arm of Air India and if that was not possible, it said it would like to buyout the entire Air India flight operations as well.

Cabinet Committee Considers Air India's Disinvestments

After the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle approval for considering the "strategic disinvestment of Air India Limited and its "five subsidiaries", InterGlobe Aviation Limited (NSEI:INDIGO) 's founder Rahul Bhatia was the first off the block to make an offer. Bhatia’s statement at the airline’s investors' meet had three key takeaways. He wants to buy Air India Express, the national carrier’s low-cost airline that serves both domestic and Gulf destinations. He wants to take over Air India’s global operations after carving the international business out.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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