IndiGo Implements Cost-CuttIndiGo, the country’s largest airline by passengers carried and fleet size, reported its Q4/F20 results this week. To ascertain how airline companies will confront the coronavirus economic crises, let’s gauge what IndiGo’s future plan is. CEO Rono Dutta said that the airline “must shift focus from profitability and growth to managing cash and liquidity”. What does this mean and what will aviation industry in the age of COVID-19 look like?ing and Liquidity-Boosting Measures Amidst COVID-19 Crisis.
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Logistics start-up Avicore Aviation Pvt.
Ltd plans to invest $100 million, or about Rs400 crore, to launch a new cargo airline before mid-2008 from the country’s first dedicated cargo airport at Nagpur.The start-up is backed by Indian and some US-based non-resident Indian businessmen through Avicore Llc.The main Indian promoter is Abhay Lodha, managing director of Mumbai-based Topworth Group, which has interests in steel and power plants, along with Avicore Aviation chief executive Shankar Devarajan.
Avicore is the third firm that has applied to the government for a licence to launch a cargo airline.
Interest in the country’s air cargo business comes after a three-year boom in passenger services among airlines in India.
