IndiGo, Qatar Airways sign one-way Codeshare agreement; stock up 1%

The airlines have signed a one-way codeshare agreement wherein Qatar Airways will place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.

Nov 07, 2019 05:11 IST India Infoline News Service

Indigo-Airlines
In-line with its international expansion plans, IndiGo, India’s leading airline, signed a one-way codeshare agreement with Qatar Airways. With the sale starting from today, the one-way codeshare agreement between the two carriers will enable Qatar Airways to place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.

This is the second codeshare agreement for IndiGo as part of its growth strategy for international markets. Qatar Airways will place its code “QR” on IndiGo operated flights between the mentioned destinations, the company said in the filing. 

Qatar Airways Group Chief Executive, His Excellency Akbar Al Baker said, “We are extremely proud to secure this strategic partnership with IndiGo, the largest airline in one of the world’s fastest-growing aviation markets. We believe this agreement will be just the first step in strengthening our relationship and we very much look forward to working together to harness our complementary strengths and resources, to enhance the travel experience for our passengers around the world.”

IndiGo Chief Executive Officer, Ronojoy Dutta said, “This is a momentous occasion for us, as we sign this codeshare agreement with one of the finest airlines in the world. This strategic alliance will not only strengthen our international operations but also boost economic growth in India, by bringing in more traffic and heralding opportunities for trade and tourism through seamless mobility. We are confident of a successful partnership, as we extend our signature on-time, courteous and hassle-free service experience to the passengers of Qatar Airways. These are exciting times for the aviation industry and it is our commitment to remain focused on building one of the best air transportation system in the world.”

Stock view:
Interglobe Aviation Ltd is currently trading at Rs1,482, up by Rs13.5 or 0.92% from its previous closing of Rs1,468.50 on the BSE.

The scrip opened at Rs1,475 and has touched a high and low of Rs1,496.20 and Rs1,456.55 respectively.

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