Latest News
-
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr
IndiGo Signs Codeshare Agreement With Qatar Airways; Shares Jump
Aiding its international network expansion plans, IndiGo has signed a one-way codeshare agreement with Qatar Airways.
In a stock exchange filing on Thursday, the domestic airline said, "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," it added.
Shares of InterGlobe Aviation, IngiGo's parent company, climbed 1.23 percent to Rs 1,486, after the announcement.
A codeshare agreement is a business arrangement, common in the aviation industry, that allows two or more airlines to market the same flight under their own airline designator and flight number as a part of their published timetable.
This means that while the flight will be operated by one airline, seats may be sold by the co-operating airline as well, using their own designator and flight number.
"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," said IndiGo Chief Executive Officer, Mr. Ronojoy Dutta, in his statement.
