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IndiGo’s market share overtakes Jet

IndiGo, one of the successful low cost domestic carriers has emerged as India’s largest airline by passengers flown, pushing back old timer Jet Airways. Based in the capital’s NCR region of Gurgaon, the airline has captured 31.6 per cent of the market leaving Jet Airways behind at 21.8 per cent, reveals data released by the Directorate General of Civil Aviation (DGCA).

IndiGo was launched eight years ago in 2006 when it garnered nearly 29 per cent market share by 2013 closely followed by Jet with 23 per cent, SpiceJet 20 per cent and GoAir 10 per cent.

The country’s air market has grown by a near five per cent in April 2014 to six million passengers compared to five million passengers in the same month a year ago. The Tata group is all set to launch a budget airline in joint venture with AirAsia of Malaysia and the premium Singapore Airlines for international operations. They will start on a clean slate unburdened by legacy costs, airline industry sources said.

 

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