IndiGo Named Best Low-Cost Carrier At World Airline Awards During Paris Air Show 2023

IndiGo Named Best Low-Cost Carrier At World Airline Awards During Paris Air Show 2023

Determined to expand its horizons and fill the gap left by Go First, IndiGo has eyes on hiring about 6,000 employees in FY24.

FPJ Web DeskUpdated: Tuesday, June 20, 2023, 07:21 PM IST
article-image

An emerging Indian middle class with more disposable income has spread its wings to turn aspirations of flying into a reality. This has triggered an uptick in the demand for low-cost airlines, and a sudden surge in airfare due to Go First's absence didn't bog down their spirits.

With a 56 per cent market share in such a market, India's leading carrier IndiGo has been named the best low-cost carrier at the Paris Air Show 2023.

Gliding past multiple milestones

The award for IndiGo comes a day after it placed a historic order of 500 aircraft from Airbus, in order to accommodate rising passenger traffic despite an engine shortage.

IndiGo has managed to leave Air India and other competitors far behind, despite a portion of its fleet being grounded due to a delay in the delivery of engines by Pratt & Whitney.

Determined to expand its horizons and fill the gap left by Go First, IndiGo has eyes on hiring about 6,000 employees in FY24.

After the landmark deal, IndiGo's CEO announced that the airline is set to double the size of its fleet by the end of this decade.

Its stock prices also surged to an all-time high after the deal was announced.

RECENT STORIES

Unravelling The Mysterious Abbreviations Associated With Mumbai Metropolitan Region

Unravelling The Mysterious Abbreviations Associated With Mumbai Metropolitan Region

India To Be US Dollar 5 Trillion Economy By End Of 2025, Says Union Home Minister Amit Shah

India To Be US Dollar 5 Trillion Economy By End Of 2025, Says Union Home Minister Amit Shah

World Bank Introduces Broad Programme To Address India's Air Pollution Crisis

World Bank Introduces Broad Programme To Address India's Air Pollution Crisis

Jamnalal Bajaj Foundation Awards 2023: CJI DY Chandrachud Felicitates Winners

Jamnalal Bajaj Foundation Awards 2023: CJI DY Chandrachud Felicitates Winners

Asian Development Bank Injects US Dollar 250 Million To Boost India's Industrial Corridors

Asian Development Bank Injects US Dollar 250 Million To Boost India's Industrial Corridors