Latest news with #Elbers
India Gazette
03-06-2025
- Business
- India Gazette
Scale and potential of India make it a
ANI 03 Jun 2025, 18:55 GMT+10 New Delhi [India], June 3 (ANI): IndiGo CEO Pieter Elbers on Tuesday said that Indian aviation has enormous growth opportunity for both domestic and international markets. The scale and potential of India have made it a 'beautiful opportunity' compared to China, which used to have significant development in terms of growth and number of aircraft and travellers a decade to reporters in New Delhi, IndiGo's CEO said, 'China had a significant development in terms of growth and number of aircraft and travellers. Probably like a decade ago, the entire development was there. When we speak about this being India's time, we see enormous growth.' Talking about the message of the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) being held in New Delhi from June 1 to 3, IndiGo CEO said that the big message from this AGM is that this is 'India's time.' 'Big message from this AGM is this is India's time, and the scale and potential and opportunity of India have been a beautiful opportunity here to showcase that to the rest of the world,' Elbers told reporters in the National last AGM in India was held 42 years ago in 1983. It brings together more than 1,600 participants, including top global aviation industry leaders, government officials and international media CEO thanked Prime Minister Narendra Modi and the government of India for the continuous support.'With the support of the Indian government and the strong commitment not only in words but even more so in presence and in actual steps being taken and outlining the vision of the Prime Minister and outlining all the steps and the opportunities which are, I think, it has been very successful in showcasing that to the rest of the world expanding and adding more and more destinations,' he said. IndiGo's CEO stated that Indian domestic markets are witnessing enormous growth, and the opportunity for the international market is even greater. 'So if you look at that opportunity of new flights and more connections between India and Thailand and Malaysia and Singapore, the opportunity I would say is massive going forward. Again, we are taking the first steps into Europe, and clearly Italy has a lot of potential also for flights,' he Walsh, Director General of IATA, also thanked PM Modi, adding,'I think it's very exciting. I was honoured to meet the honourable Prime Minister. I think the fact that he was prepared to attend the AGM reinforced the vision that he has personally and the Indian government has for the development of the industry here. So very exciting; it was great to hear him talk firsthand about where he sees the industry developing into the future.' (ANI)
Malaysia Sun
03-06-2025
- Business
- Malaysia Sun
Scale and potential of India make it a
ANI 03 Jun 2025, 18:55 GMT+10 New Delhi [India], June 3 (ANI): IndiGo CEO Pieter Elbers on Tuesday said that Indian aviation has enormous growth opportunity for both domestic and international markets. The scale and potential of India have made it a 'beautiful opportunity' compared to China, which used to have significant development in terms of growth and number of aircraft and travellers a decade to reporters in New Delhi, IndiGo's CEO said, 'China had a significant development in terms of growth and number of aircraft and travellers. Probably like a decade ago, the entire development was there. When we speak about this being India's time, we see enormous growth.' Talking about the message of the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) being held in New Delhi from June 1 to 3, IndiGo CEO said that the big message from this AGM is that this is 'India's time.' 'Big message from this AGM is this is India's time, and the scale and potential and opportunity of India have been a beautiful opportunity here to showcase that to the rest of the world,' Elbers told reporters in the National last AGM in India was held 42 years ago in 1983. It brings together more than 1,600 participants, including top global aviation industry leaders, government officials and international media CEO thanked Prime Minister Narendra Modi and the government of India for the continuous support.'With the support of the Indian government and the strong commitment not only in words but even more so in presence and in actual steps being taken and outlining the vision of the Prime Minister and outlining all the steps and the opportunities which are, I think, it has been very successful in showcasing that to the rest of the world expanding and adding more and more destinations,' he said. IndiGo's CEO stated that Indian domestic markets are witnessing enormous growth, and the opportunity for the international market is even greater. 'So if you look at that opportunity of new flights and more connections between India and Thailand and Malaysia and Singapore, the opportunity I would say is massive going forward. Again, we are taking the first steps into Europe, and clearly Italy has a lot of potential also for flights,' he Walsh, Director General of IATA, also thanked PM Modi, adding,'I think it's very exciting. I was honoured to meet the honourable Prime Minister. I think the fact that he was prepared to attend the AGM reinforced the vision that he has personally and the Indian government has for the development of the industry here. So very exciting; it was great to hear him talk firsthand about where he sees the industry developing into the future.' (ANI)
Time of India
02-06-2025
- Business
- Time of India
IndiGo doubles wide-body aircraft order
N Tired of too many ads? go ad free now EW DELHI: IndiGo doubled its wide body aircraft order by confirming the option for 30 wide body Airbus A350s. Now the airline has 60 A350s on firm order and has an option for 40 more. "We have signed the MoU with Airbus for confirming the option for 30 A350s. Their delivery starts in 2027," airline CEO Pieter Elbers said at the IATA AGM on Sunday. "Delivery of initial 30 A350s ordered last year will begin in 2027 and continue till early part of next decade. Delivery of this next batch (of 350) will start after that and continue into the second half of the next decade," Elbers said.
The Hindu
02-06-2025
- Business
- The Hindu
IndiGo CEO defends India's bilateral aviation policy amid criticism from Emirates President
Sparring with Emirates President Tim Clark, who once again criticised India's restrictive policy for foreign carriers, IndiGo CEO Pieter Elbers on Monday said, 'if one side makes more and more noise, it doesn't mean that you are more and more right.' 'It's called the bilateral agreement, right? That means two sides have to agree on something,' Mr. Elbers said during a press conference at the Annual General Meeting of the International Air Transport Association (IATA) in New Delhi, when asked about India's protectionist policies towards airlines. On Sunday (June 1, 2025), Mr Clark had stated that India's ambitions for developing hub airports to attract connecting passengers were not 'compatible' with its restrictive policies for foreign airlines. The UAE has sought a revision of the air service agreement and a doubling of seat capacity between Dubai and India from 65,000 seats per week to 1,40,000 seats. However, the Indian government maintains that it needs to prevent leakage of passengers ferried by foreign carriers through their hub airports such as Dubai, Doha, and Singapore, at the expense of Indian carriers flying long-haul routes such as Air India. IndiGo's CEO described the Indian government's approach as 'completely fair and balanced.' Mr Elbers's remarks, which are usually measured, come at a time when IndiGo is entering the European market, with Manchester and Amsterdam as its maiden destinations from early July. The airline has also doubled its order of widebody Airbus A350 aircraft to 60, enabling it to offer non-stop flights across the world. Mr Elbers explained that historically there had been an imbalance where several countries with flying rights into India deployed capacity through their airlines for Indian destinations, while Indian carriers lagged behind. Sharing the stage with Mr Elbers was IATA Director General Willie Walsh, who expressed an opposing view. He said that while flying rights were an issue worldwide, India was now looking at a 'fascinating opportunity' as it pivots from domestic to international connectivity. This transition would require greater access to international markets, which in turn would require reciprocity. 'As we see the expansion of the carriers in India accessing new markets, you will have to see a corresponding change to the approach for access,' Mr Walsh maintained.
Time of India
02-06-2025
- Business
- Time of India
Making more noise does not make you right on flying rights: IndiGo CEO
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government has a fair and balanced approach on international flying rights Pieter Elbers , CEO of IndiGo said on comments comes a day after Emirates President Tim Clark said that restricting access for foreign airlines by restricting flying rights was akin to 'shooting yourself in the foot.' Elbers also took a jibe at Clark saying that making "more noise" doesn't make one more right.'First of all, it's called a bilateral agreement, right? That means two sides have to agree on something. If one side makes more and more noise, it doesn't mean you're more and more right,' Elbers said in reply to a question of ET during a press conference at the annual general meeting at International Air Transport Association ( IATA ) on Monday. 'It's not that if one side says, 'now we do it' — that's not how it works,' he of Emirates has been vocal about India's policy as Dubai- it's home state has been unable calling it protectionism as India has freezed any extension of flying rights to middle-east countries in order to encourage its carriers to fly wide body aircraft and provide direct connectivity to North America and said that it has hurt interest of both Emirates and India as the airline hasn't been able to grow since 2015. Currently both Indian and carriers of Dubau can fly 60,000 seats per week and has exhausted their said that there have historically been several international markets where foreign airlines fully utilised their entitlements to fly into India, while Indian carriers did not. 'There were a massive number of flights into India and no operations by Indian operators. So, for a government to say, 'first let's use the existing pool of traffic rights, and then look at new ones,' I think that's a completely fair and balanced approach,' he Director General Willie Walsh, meanwhile, said on Monday that this challenge on flying rights is not unique to India. He acknowledged the country's rapid growth in domestic aviation and noted that India's fleet of wide-body aircraft -- previously less than 50 -- is finally expanding.'As we see the expansion of Indian carriers into new markets, there will have to be a corresponding change to the approach for access,' Walsh said.
