Indigo Airlines Case Study
India is one of the developing countries in the world. Aviation in India is one of the major economic factors, and aviation industry is enormously growing day by day.
Many airlines operate their functions and services in India among them IndiGo is one the best developing carrier which provides it services on-time based and is very particular with its timing and services.
IndiGo is a low cost carrier providing low fares and on-time performance. It provides various services with cheaper fares when compared to the other airlines.
IndiGo provides low fares, as the airline tries to minimize its cost factors and generate revenue.
Reducing the operating costs and providing its services to various destinations with low fares …show more content…
It provides various types of services to various people. It provides best promotional offers to attract the people.
Number of passengers travelled is increasing from day to day. IndiGo offers two type of services they are passenger services and cargo services.
Indigo airline is one of the best airlines providing many different services, which attract the passengers and also satisfy the needs of the passenger.
It provides on time performance so that the passengers are ready to come back to the airline. IndiGo offers low cost services.
Indigo airline has achieved best low cost carrier award from the skytrax for rendering its services on low cost basis. It is one of the best airlines for providing quality service.
Vision of IndiGo airline is to provide best passenger and cargo services on a low cost basis or as a low cost carrier IndiGo airline wants to provide its services and gain more frequent flyer passengers.
It aims to maintain its services and expand the number of aircrafts in the future.
In the year 2015 the airline has signed a contract to increase a minimum of 30 aircrafts to increase its operations but taking a loan from ICBC (Chinese …show more content…
It is the largest bank in China with its assets totally.
It has won many awards for supporting and helping many business entities and companies. It has won the global bank of the year in the year 2014.
It is bank, which supported the economic development, development of companies and markets.
ICBC not only supports the economic development but also the financial and regulatory development of the company
Vision of the ICBC bank is to lead in the top position by generating profits, by performing the best activities and maintaining a prestige.
The main aim of the bank is to develop in the corporate banking sector by concentrating on the consumer and industrial markets for the benefit of both the consumers and also industries and organizations.
ICBC agreed and signed a contract with the IndiGo airline to buy 30 aircrafts and give the aircrafts on lease for the beneficiary purpose of both the bank and also the airline.
ICBC signed the MOU with the IndiGo airline. It buys 30 aircrafts worth 42.6 billions.
Bank gets the interest if the airline takes the finance or the bank gets rents for leasing the