Indigo Airlines to Raise Funds Through IPO
04/19/2010

The Gurgaon-based domestic carrier Indigo Airlines is looking at raise funds for the overseas flights that it plans to commence after it completes the mandatory five years of operation in the Indian market in August next year.

Online PR News – 19-April-2010 – – The Gurgaon-based domestic carrier Indigo Airlines is looking at raise funds for the overseas flights that it plans to commence after it completes the mandatory five years of operation in the Indian market in August next year.

Notably, sources confirm hat the aviation company, being managed by InterGlobe Aviation has recently appointed investment bankers like UBS AG, Morgan Stanley, Credit Suisse Group and Citigroup Inc. to come out with a suitable option of raising funds. Moreover, the company is aiming to take the IPO or the PE route.

However, experts believe that the IPO of the company is very much on the cards but it will done by InterGlobe Aviation and not by the parent company InterGlobe Enterprises, which also runs hotels and other businesses. The company is planning to 19 more Airbus A320 in its pocket by end-2011 to the current fleet of 25 aircrafts.

IndiGo Airlines recently made a profit of Rs 82.16 crore, the first since its launch in 2006. Notably, this profit was earned on the back of revenues close to the Rs 1,876.35 crore level. However, experts have cautioned that it is not the right time for raising money from the market.