iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

IndiGo appoints Isidro Orea as chief of transformation

29 Apr 2024 , 03:19 PM

Isidro Pablo Porqueras Orea has been named chief of transformation by IndiGo. Orea, a former chief operating officer of the Spanish low-cost airline Volotea, will assume leadership on April 29.

Orea has 25 years of professional expertise in a variety of functional areas, including operations, commercial, strategy, and finance, according to a statement released by IndiGo on Monday.

For the past ten years, he has held a C-level executive position.

At the moment, Wolfgang Prock Schauer oversees IndiGo’s operations, which include about 2,000 daily flights. Prock Schauer’s term expires next year, according to sources.

IndiGo is in the process of being transformed. It made its first wide-body purchase last week for thirty Airbus A350-900 aircraft as part of an attempt to move up from just short-haul flights to the profitable long-haul sector.

Nonetheless, the airline has already begun to transition from being a low-cost, single-class carrier to one that offers a premium class on its A320 aircraft for short-haul international routes. To entice more business travellers, these feature larger seats and extras like hot food and a reward club.

IndiGo has benefited greatly from its no-frills business model, which packs more people into crowded aircraft and charges extra for meals, priority boarding and seat assignment. This has allowed the airline to maintain profitability in areas where other carriers find it difficult to raise fares. Three Indian airlines have filed for bankruptcy since 2012 because they were unable to keep up with growing expenses.

However, IndiGo’s senior management is now persuaded that the airline should take advantage of its strong domestic market leadership to establish itself as a global leader.

Elbers began a quick dive into foreign routes after joining the airline in 2021 from Air France-KLM. Additionally, Greg Sarestky, who oversaw WestJet’s conversion from a low-cost to a hybrid airline, has been appointed as a director of IndiGo.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Chief of Transformation
  • Indigo
  • International Routes
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.