IndiGo Grounds 10% of Fleet Due to Global Supply Chain Disruptions
IndiGo, India’s top airline, has announced that it has grounded around 30 aircraft, or 10% of its fleet, due to global supply chain disruptions. The airline had a fleet of 279 aircraft as of the end of September. In order to mitigate the disruptions, IndiGo is evaluating slowing down re-deliveries through lease extensions, exploring the re-induction of aircraft into the fleet, and evaluating wet lease options.
The news comes as IndiGo recently posted a bigger loss for the second quarter, hit by higher fuel prices and foreign exchange losses. Despite this, the company is optimistic about returning to operational profitability in the current quarter.
The global supply chain disruptions have had a major impact on the airline industry, and IndiGo is no exception. The airline is actively engaged with its OEM partners to work on mitigation measures that should ensure the continuity of its network and operations. It is important for airlines to take the necessary steps to ensure that their operations are not disrupted, and that customers can continue to rely on them for their travel needs.
This is an interesting situation. Are there any other airlines that are being affected by supply chain disruptions?
I’m surprised to hear that IndiGo is still optimistic about returning to operational profitability this quarter. It must mean that data analytics has been very beneficial in helping them make decisions.
Wow, this is a huge step for IndiGo. I’m impressed that they are finding ways to mitigate the disruptions and remain profitable.
Is it possible to get a wet lease option? Is that expencive? I am surprise at the value of data anlytics.
30 aircraft is a significant portion of their fleet. It must have been a difficult decision to make. I’m glad they are taking steps to ensure their operations continue.