IndiGo is hastening its global expansion ambitions much earlier than expected! Despite the fact
that its highly anticipated Airbus A350s are not due until 2027—assuming Airbus adheres to its
timeline—the airline is far from being idle.
To expedite its foray into long-haul operations, IndiGo has entered into a wet-lease
arrangement with Norwegian low-cost carrier Norse Atlantic Airways, acquiring Boeing 787-9
Dreamliners to fill the void.
Simultaneously, IndiGo’s bold growth strategy is fully operational, boasting an impressive 1,000
aircraft on order, solidifying its supremacy in India’s swiftly growing aviation market. Rivalry
from Air India, SpiceJet, and Akasa Air, in addition to challenges in the Airbus supply chain,
could present obstacles. Nonetheless, with a commanding 61% domestic market share,
IndiGo remains at the forefront.
Forecasts indicate that the airline’s fleet may swell to 600 aircraft by 2030, aligning it closely
with Ryanair’s current scale. Although it may not outpace major US airlines this decade,
sustaining this momentum could position IndiGo as the largest airline globally in the 2030s.
This strategic move highlights IndiGo’s commitment to establishing a global presence well
ahead of expectations. Already a dominant force in Indian aviation, the airline is now targeting
high-traffic international routes, with major destinations like London and Paris on its radar.
IndiGo and Norse Atlantic Finalizes lease Agreement
Following weeks of speculation, IndiGo and Norse Atlantic Airways have formally finalized their
long-anticipated collaboration. The agreement, initially hinted at in November, is now officially
confirmed, representing a pivotal step in the expansion of India’s largest airline.
Key Informations
Under this wet lease arrangement, Norse Atlantic Airways will provide aircraft, pilots,
maintenance, and operational support, while IndiGo will manage cabin crew operations. This
partnership allows IndiGo to swiftly broaden its international network, circumventing delays in
the delivery of its Airbus A350 fleet.
Boosting Fleet Strength Ahead of A350 Deliveries
IndiGo has been actively leasing aircraft to satisfy rising demand, with 33 jets expected to join
its fleet by the end of 2024, including:
Two Boeing 777s from Turkish Airlines for service on Istanbul routes 12 Boeing 737 MAX 8s
acquired from Qatar Airways for operations on Doha and domestic routes With the addition of
Norse Atlantic’s Boeing 787 Dreamliners, IndiGo is poised to elevate the passenger experience
on long-haul routes. These fuel-efficient widebody aircraft offer a more spacious configuration
compared to the high-density Boeing 777s, ensuring enhanced comfort on extended journeys.
This collaboration also provides financial stability for Norse Atlantic Airways, which has been
seeking reliable revenue sources. By leasing its aircraft, the airline secures consistent income
while IndiGo gains increased capacity—rendering this arrangement mutually advantageous for
both carriers.
Strategic move for international expansion
Wet-leasing aircraft carries a significant cost, yet for IndiGo, it represents a calculated strategy
to:
Accelerate international growth without pausing for its own fleet to arrive Initiate crucial routes
to London and Paris ahead of expected timelines Capitalize on Air India’s aircraft refurbishment
delays, thereby enhancing its position in premium markets With IndiGo’s 6E 4234 service to Tel
Aviv already operational and additional destinations planned, the airline is vigorously
broadening its reach beyond its domestic stronghold, where it commands an impressive 62%
market share.
By 2025, all six of IndiGo’s Dreamliners are anticipated to be in operation, bolstering its long-
haul network while adhering to its budget-conscious model.
The forthcoming Airbus A321XLRs, scheduled to be delivered in 2025, will further improve its
capacity to cover extended routes, even before the highly awaited Airbus A350s join the fleet in
2027.
IndiGo’s Global Aspirations
IndiGo’s swift international advancement indicates its desire to be more than merely India’s top
airline—it’s making significant moves in the global aviation arena. Its nimbleness, strategic
insight, and capability to leverage emerging opportunities position it as a formidable contender
in the long-haul market.
IndiGo’s Long-Haul Ambition
The collaboration with Norse Atlantic is a step towards that goal, aimed at tapping into high-
demand international routes as IndiGo continues to expand its global network.
The initial agreement lasts six months—with a possible extension up to 18 months. IndiGo has
also indicated that it is looking into opportunities to secure additional aircraft from Norse
Atlantic.
IndiGo is assessing route and network opportunities, with initial emphasis reportedly on major European hubs like London and Paris, both of which serve significant Indian diaspora and
business traveler markets.
“Indian businesses are expanding globally, our citizens are venturing to more destinations than
ever, and our diaspora is continually growing… Nevertheless, there are still several crucial
markets that remain underserved, representing a vast reservoir of untapped potential,” Elbers
remarked during the call.
The introduction of long-haul services coincides with a notable transformation in the Indian
aviation market.
With Indian carriers capturing a 43% share of the nation’s international passenger traffic in the
previous fiscal year—a number that has been increasing—there is a clear demand for more
robust international connectivity. Credit rating agency CRISIL Ratings forecasts that this market
share could rise to 50% by the 2027-28 fiscal year, highlighting the growth potential.
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