IndiGo placed firm order for Airbus A aircraft in June with plans to commence operations in mid The airline took delivery of its first Airbus aircraft on 28 July and the operations commenced on 4 August with first flight operating from New Delhi to Guwahati. Economic Times Entrepreneur of the Year Award in Retrieved 10 September The Economic Times. Biography Lists News Also Viewed. Rahul Bhatia.
The basics. But, the power of relationships triumphed and all the airlines whose business had been with the old company moved to InterGlobe without exception. In , they also managed to gain the all-India franchise for what is now Galileo International an airline reservation system , and then a Joint Venture with them to provide back-office services in , as well. Over the period of time, he transformed it into a conglomerate with interests in travel technology, hospitality, business jets and retail, etc…!
This is when he started to make ground for the next leap of starting his own airline. Rahul and his father had been talking about starting an airline, but Rakesh was somehow hesitant of getting into the business, due to the high mortality rate of the industry. The persistent man that he was, Rahul waited till he convinced Rakesh. Once he was convinced, the together they applied for the airline license in and started IndiGo Airlines!
InterGlobe owned With aviation fuel prices soaring, and the rupee dropping, these were some of the most difficult days for the Indian airline industry. When industry leaders like Kingfisher airlines, SpiceJet and Jet, were bleeding money, Rahul took a bold step to enter the market at such a time. This was when IndiGo had not even been launched. IndiGo received the delivery of their first Airbus aircraft on 28 th of July , post which they started their operations on the 4 th August with a service from New Delhi to Imphal via Guwahati.
By the end of , the company received 15 more aircrafts. And by December , with a market share of In the same year, on the completion of 5 years of operations, the airline was also granted permission to launch international flights as well. In the next two years, IndiGo not only became the most profitable airline in India, but also became the largest airline in India in terms of market share as well.
Soon, they also surpassed several competitors to become the second largest and fastest growing low-cost carrier in Asia just behind Indonesian airline Lion Air. As of date, IndiGo accounts for a total of Aircrafts, and operates flights to 40 destinations 35 in India and 5 abroad in a day.
And with a The success of IndiGo is largely because of their unique business model and operational strategies used by the company.
Having said that — success has not come easily for IndiGo! What has helped them reach that success, is their strategies. Even then, they managed to close a deal for aircrafts and at a low down payment. I will work with you. I don't want any part of this business. I will give you all my knowledge or whatever experience I have. But once you have lost that money, shake hands and remain friends. IndiGo placed firm order for Airbus A aircraft in June with plans to commence operations in mid The airline took delivery of its first Airbus aircraft on 28 July and the operations commenced on 4th August with first flight operating from New Delhi to Guwahati further to Imphal, Manipur.
Economic Times Entrepreneur of the Year Award in Rahul Bhatia. Overview Issues Contributors Activity. Early life. Indigo Airlines. Further reading. Documentaries, videos and podcasts. Timeline December 18, Rahul Bhatia was born. News Title. India Business News: It's official now.
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