Interglobe Aviation was incorporated on January 13, 2004 in Lucknow under the Companies Act, 1956 with the Registrar of Companies, Uttar Pradesh and Uttaranchal at Kanpur as “InterGlobe Aviation Private Limited”. The name of the company was changed to “InterGlobe Aviation Limited” on August 11, 2006. The registered office was subsequently changed from the state of Uttar Pradesh to the National Capital Territory of Delhi with effect from September 6, 2004 and such alteration was confirmed by the order of the Company Law Board dated September 1, 2004. The registered office was changed within the National Capital Territory of Delhi to its current place on October 1, 2006. The airline operates IndiGo, India’s largest passenger airline with a 33.9% and 37.4% market share of domestic passenger volume for fiscal 2015 and the five months ended August 31, 2015, respectively. It operates on a low-cost carrier, or LCC, business model and focus primarily on the domestic Indian air travel market.
The company is one of the first airlines globally to order the A320neo aircraft. A320neo aircraft are expected to deliver up to 15% fuel savings initially and up to 20% fuel savings by 2020 compared to current generation A320 aircraft without sharklet wing-tip devices, which will further reduce its fuel consumption per flight. The magnitude of the company’s 2005, 2011 and 2015 aircraft orders helped it to negotiate favorable terms with Airbus and its other aircraft-related suppliers and service providers, which provides it with a structural cost advantage by reducing the overall costs associated with the acquisition, maintenance and operation of its aircraft.
Business area of the company
The company primarily operates in India’s domestic air travel market, which is forecast to be the world’s fastest growing market by origin-and-destination traffic flow between 2013 and 2033, estimated to grow at a CAGR of 9.5%.
Awards and Achievements