For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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.

IndiGo Signs Codeshare Agreement With Qatar Airways; Shares Jump
 

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.

Story first published: Thursday, November 7, 2019, 12:37 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more