According to the UnivDatos, the rising budget airlines demand and growing airport infrastructure trends will drive the scenario of Low-Cost Carriers and as per their Global Low-Cost Carrier Market report, the market was valued at USD 213.28 Billion in 2022 and expected to grow at CAGR of 12.73% during the forecast period from 2023 - 2030 to reach USD 556.25 Billion by 2030. Inter Globe Aviation Limited is a renowned and prominent player in the low-cost carrier services in India. IndiGo is India’s preferred airline running 1,800+ flights daily, across 78 domestic destinations and 26 international destinations.

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Inter Globe Aviation Limited Investment & Growth Updates:

As according to Inter Globe Aviation Limited the government of India has a plan to invest USD12.5 billion on airport development and modernization between 2023-2028. This plan also includes to build new airports in India which would help Indigo build its air fleet to improve its domestic air travel network.

Fleet Modernization has played a crucial role in the cost reduction for Indigo. According to the company the percentage of new to old aircraft in the fleet from 2017 to 2023 has improved from 15% to 80%. This increasing fleet of new aircraft offer better fuel efficiency, better turn around time and improved revenue generation.

Under the UDAN scheme the Government of India has planned to develop 100 new airports by 2024, and operationalize 1000 new regional routes. Union Budget allocation for the FY 2024 for the Regional Connectivity Scheme (‘UDAN’) amounted to USD 15 million. Till March 31, 2023, more than c.12 million passengers have travelled as beneficiaries of this initiative.

Recent Investments and Announcements of Inter Globe Aviation Limited:

Inter Globe Aviation Limited is a leading provider of budget air travel in India. The company has recently made several investments and announcements related to product launches, fleet modernization, and capacity expansions.:

Indigo has a total fleet of 600 aircraft in India with a sustained need to increase the fleet in the coming years. Considering the growing demand 500 new Airbus 320 aircrafts are ordered and are anticipated to be delivered between 2024-2035.

Indigo became first Indian airlines to ferry 100 million passengers in the year 2023. This is the first feat achieved by any Indian airlines with the total operations of 200 flights every day including 86 domestic and 32 international destinations. IndiGo had a domestic market share (by passengers carried) of 61.8%, around six times the market share of the distant second Air India.

In 2023, Indigo announced to expand international connectivity with 6 new destinations with 174 new weekly flights. These new destinations include countries in Africa, Central Asia and ASEAN region, i.e., Kenya, Indonesia, Kazakhstan, Georgia, Azerbaijan, and Uzbekistan.

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The Inter Globe Aviation Limited received an impressive growth in its revenue of 59, 95 and 161 million passengers in 2020, 2021 and 2022.

Future Outlook of the Inter Globe Aviation Limited.

Inter Globe Aviation Limited, one of the leading providers of Low-Cost Carriers, has set a clear growth strategy for the coming years. Inter Globe Aviation Limited's development potential is strong and rests on enhancing air travel network and catering to a growing number of travelers both domestic and international. The company is focusing on transforming the Group to offer its customers innovative solutions and services. Sustainable development is a pillar of the Group's strategy, driving its future performance and acceptability. Inter Globe Aviation Limited is investing in developing its fleet size and adding new destinations to its portfolio.

About Inter Globe Aviation Limited

Inter Globe Aviation Limited is a publicly listed company that operates globally, specializing in innovative solutions for budget airlines services more sustainable, safer, connected, and inspiring mobility. The company has a strong presence in the automotive industry. Inter Globe Aviation Limited's main offerings include the development and production of clean energy systems, and customized complex modules. Inter Globe Aviation Limited has a strong global presence, in India and in various other regions, including Europe, Middle East and Africa. This international presence allows the company to serve a wide range of customers and adapt to different market needs.

Conclusion

In conclusion, Inter Globe Aviation Limited is a leading low-cost carrier services provider for sustainable air mobility as well as planning to expand its services across the globe. With a strong presence in the airlines industry, a diverse workforce, and a commitment to innovation and sustainability, the company is well-positioned to meet the challenges of the future and drive revolution in the automobile industry. Further, a few other investments in the Global Low-Cost Carriers market are also expected shortly.

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