IndiGo on Monday received initial government approval to buy 150 unspecified aircraft to expand its operations, The Wall Street Journal reported. The newspaper said the Indian LCC recently sought government approval to fly to destinations in South Asia and the Middle East from 2011 and has mandated four investment banks for an IPO to raise about INR15 billion ($337.8 million) in the current financial year that began April 1. An IndiGo spokesperson told ATWOnline, "There isn't a ...

Subscribe to Access this Entire Article

"Report: IndiGo receives approval to buy 150 aircraft" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.