Interglobe Aviation Ltd.

BSE: 539448 | NSE: INDIGO
Large Cap | Airlines
4911.00
53.20 (1.10%)
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IndiGo flies high on forming codeshare connections to Edinburgh

Date: 15-05-2023

Interglobe Aviation is currently trading at Rs. 2252.40, up by 20.00 points or 0.90% from its previous closing of Rs. 2232.40 on the BSE.

The scrip opened at Rs. 2225.05 and has touched a high and low of Rs. 2257.70 and Rs. 2225.05 respectively. So far 6235 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2308.90 on 12-May-2023 and a 52 week low of Rs. 1513.30 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2308.90 and Rs. 2158.85 respectively. The current market cap of the company is Rs. 86869.54 crore.

The promoters holding in the company stood at 67.86%, while Institutions and Non-Institutions held 29.93% and 2.21% respectively.

InterGlobe Aviation (IndiGo) has formed codeshare connections to Edinburgh, via Istanbul, effective May 8, 2023. IndiGo's expanding network of codeshare destinations with Turkish Airlines now includes connections to 33 destinations in Europe. These new connections will offer travelers more options and easy access to Scotland, bolstering IndiGo's vision of increasing international connectivity.

Through its codeshare arrangement with Turkish Airlines, IndiGo has been adding connections to European destinations over the last few months. These codeshare connections provide access to the countries including Bulgaria, Spain, the Netherlands, Greece, Belgium, Hungary, Denmark, the Republic of Ireland, the United Kingdom, Malta, France, the Czech Republic, Israel, Austria, Switzerland, Italy, and Portugal.

This connection will enhance tourist footprint in Istanbul, offering easy access to attractions like Hagia Sophia Mosque, Dolmabahce Palace, Bosphorus Strait, Istanbul Sea Life Aquarium, Blue Mosque, Grand Bazaar and Spice Bazaar, Turkish and Islamic Arts Museum and Istanbul Cevahir Mall. These flights will not only promote international tourism, trade, and commerce, but also make travel affordable to these destinations through direct connections and additional capacity.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.