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.