How is Indigo doing?
Thread Starter
Joined: Mar 2008
Posts: 26
Likes: 0
From: Mumbai
How is Indigo doing?
Hi,
Does anyone know how good/bad/ugly is Indigo doing? Since its a privately held concern, there are no figures on their financials/business plans/models.
I know for a fact that the parent group, Inter globe is over Rs 5000 crores in revenues and around Rs 200 crores in profits so they are in pretty good shape.
Wanted to check what is the impact of these trying times on Indigo? Will they survive the next 2-5 years?
Any employees/pilots/expats please comment. It would help newbies like me evaluate each airline before taking a plunge with anyone of them.
PS: If someone wants to PM some details to me, please feel free
TIA
Does anyone know how good/bad/ugly is Indigo doing? Since its a privately held concern, there are no figures on their financials/business plans/models.
I know for a fact that the parent group, Inter globe is over Rs 5000 crores in revenues and around Rs 200 crores in profits so they are in pretty good shape.
Wanted to check what is the impact of these trying times on Indigo? Will they survive the next 2-5 years?
Any employees/pilots/expats please comment. It would help newbies like me evaluate each airline before taking a plunge with anyone of them.
PS: If someone wants to PM some details to me, please feel free
TIA
Thread Starter
Joined: Mar 2008
Posts: 26
Likes: 0
From: Mumbai
Well there is some news today. As per economictimes (www.economictimes.com) Indigo airlines CEO Mr. Bruce Ashby is quitting the airline and will leave as early as begining next quarter. Mr. Rajeev Bhatia (the founder) has not yet announced who will be the CEO, currently a board member is taking over.
Not sure why is Mr. Ashby moving out (he was the founder CEO) and was prone to giving the media lots of quotes. Not sure where is he going.
Not sure how the airline is doing now.
Not sure why is Mr. Ashby moving out (he was the founder CEO) and was prone to giving the media lots of quotes. Not sure where is he going.
Not sure how the airline is doing now.
Joined: Sep 2007
Posts: 298
Likes: 0
From: India
India's Indigo undergoing management change
Ashby says when he joined Indigo in August 2005 he signed a three-year contract and agreed to stay for the full three years.
But once the contract lapsed "I decided not to renew but to stay on" for a few more months to help with the transition to a new CEO, he adds.
apachelongbow ... are you trying for their first officer program or the cadet program?
Ashby says when he joined Indigo in August 2005 he signed a three-year contract and agreed to stay for the full three years.
But once the contract lapsed "I decided not to renew but to stay on" for a few more months to help with the transition to a new CEO, he adds.
apachelongbow ... are you trying for their first officer program or the cadet program?
Thread Starter
Joined: Mar 2008
Posts: 26
Likes: 0
From: Mumbai
I am doing nither. Just sitting on the fence and watching. btw I am not a cpl holder as yet 
I just hope and pray for all folks who have spent $$$ to get their CPL, or in the process of doing so, this bad times ends soon and they get their jobs....
I just hope and pray for all folks who have spent $$$ to get their CPL, or in the process of doing so, this bad times ends soon and they get their jobs....
Joined: Sep 2007
Posts: 298
Likes: 0
From: India
well apache, thank you very much for your good wishes for the unemployed CPL holders! 
well, the situation will take a long long to stabilize. as there are way to many unemployed CPL holders floating around right now.
for e.g. Jet Airways had held an exam for trainee first officers last month. for a handful of seats there were well in excess of 1900 pilots!
the odd's right now are looking very good indeed.
well, the situation will take a long long to stabilize. as there are way to many unemployed CPL holders floating around right now.
for e.g. Jet Airways had held an exam for trainee first officers last month. for a handful of seats there were well in excess of 1900 pilots!
the odd's right now are looking very good indeed.
Joined: Dec 2007
Posts: 1
Likes: 0
From: India
Stay away from Indigo
I just finished a stint at Indigo and I can tell you there word is worth nothing. Ask any expat there, they will tell you the same thing. Lying cheating deception. They lie to get what they want. Thats why most expats leave in the middle of the night never to return. Most have had it .with the local 200hr wonder boys, The 2000 hr captain with a head like a basketball who"s only other experience includes C-150. The D.O Told all the expats F/O's in a re-current class last week to find a new job and find it fast. They don't like expats there and they treat them poorly. they promissed upgrades to experience typed airman and never delivered. They claim it was a DGCA issue. They asked for a two year contract and are telling them to go away after 1. I was told Indigo is one of the better ones to go too. Do yourself a favor and everyone stay away from India .
Joined: Jun 2007
Posts: 1,605
Likes: 3
From: Cochin VOCI , India
Is this bond for only for cadet pilot or all pilots who join Indigo ?
Also Do you happen to know how to get the verification of board certificates of 10th and 12th . Mine is CBSE
Also Do you happen to know how to get the verification of board certificates of 10th and 12th . Mine is CBSE
Last edited by cyrilroy21; 10th September 2008 at 17:18.
Joined: Jun 2007
Posts: 53
Likes: 0
From: DME6, Rad110
110 crores!!! Surely thats a typo!
cyrilroy, as far as I know, the verification letter you are talking about is only required by DGCA at the time of conversion of your license. This letter should be the least of your worries mate.You still got many miles to cover...
cheers
cyrilroy, as far as I know, the verification letter you are talking about is only required by DGCA at the time of conversion of your license. This letter should be the least of your worries mate.You still got many miles to cover...
cheers
Joined: Oct 2005
Posts: 169
Likes: 1
From: usa
Good Math by the airlines
Well, I guess if you get enough suckers to come up with that much investment, you can actually start your own airline. Indian Aviation Business never ceases to amaze me. Its the same story all over again -Modiluft, EastWest, etc.. during the 90's.
Joined: Nov 2006
Posts: 80
Likes: 0
From: Delhi
Excerpt from sfa-india
The following is an excerpt taken from the sabena flight academy website regarding the Indigo A320 program.
What is the total cost of the program and what is the bond?
What is the total cost of the program and what is the bond?
The total cost of the program is approx Rs. 30 Lacs which is paid by IndiGo.. The pilot will sign a bond of 5 years starting from the date he is appointed as a Junior Co-Pilot. A candidate is required to sign a surety bond of Rs. 60 Lacs to cover specialised training and
opportunity cost. The candidate is also required to deposit 5 undated cheques of Rs. 12 lac each with IndiGo at the time of signing cadet Pilot Agreement. For every year of the bond period served, IndiGo would return back one UDC and once the 5 year term from the date he is appointed as Jr. Copilot is served the bond will be considered as served in full and hence all the five UDCs will be returned back.
opportunity cost. The candidate is also required to deposit 5 undated cheques of Rs. 12 lac each with IndiGo at the time of signing cadet Pilot Agreement. For every year of the bond period served, IndiGo would return back one UDC and once the 5 year term from the date he is appointed as Jr. Copilot is served the bond will be considered as served in full and hence all the five UDCs will be returned back.
Joined: Jan 2009
Posts: 31
Likes: 0
From: Jaipur, India
Indigo Cadet PIlot Program
Sir I am looking forward to join the Indigo Cadet Pilot Program.
Will it be a wise decision for me?
I hope Indigo doesn't do the same thing as Spice Jet or some of the other airlines did to their students under their cadet pilot program.
will they make me wait for say one year or so before giving me job after completing my training under their guidance and their fleet?
Will it be a wise decision for me?
I hope Indigo doesn't do the same thing as Spice Jet or some of the other airlines did to their students under their cadet pilot program.
will they make me wait for say one year or so before giving me job after completing my training under their guidance and their fleet?
Joined: Jan 2009
Posts: 95
Likes: 0
From: On a wing and a prayer
To the best of my knowledge, The first batch of cadets is still at SFA in the initial CPL stage.
Will head for TR very soon..
and Flyboy, Indigo flies A320's and not A310's
Regards,
VT-ASM
Will head for TR very soon..
and Flyboy, Indigo flies A320's and not A310's
Regards,
VT-ASM