‘Fully compliant’: IndiGo CEO clarifies on Istanbul operations over its IndiGo–Turkish lease deal

The CEO of Indigo Pieter Elbers said on Tuesday that ISTANBUL operations are fully compatible with Indian regulatory standards, confirming that services are compatible with air service agreements between India and Turkey.

At the press conference after announcing the results of the Q4 Fy25 for Interglobe Aviation, Elbers said that its flights to Istanbul fall within the framework of the government’s benefits.

“The Nile is fully compatible with organizational standards. Operations to Istanbul in the context of air service agreements between India and Turkey,” said Ellizer.

According to reports, the center is not expected to extend the Nile rental agreement with Turkish Airlines. The current agreement, which allowed Indigo to operate the aircraft on the Mumbai Delhi Airbul track, will end on May 31.

Since 2023, Indigo has used two rented aircraft from Turkish Airlines to operate roads linking New Delhi and Mumbai with Istanbul. The flight crew, including pilots and some crew, is provided by Turkish Airlines as part of the agreement.

Although the review process is ongoing, the indigo-aviation-airline agreement is unlikely, given the current diplomatic situation.

This decision follows India’s recent efforts to reduce trade relations with Türkiye due to Ankara’s support for Pakistan during the Sindoor operation. As part of these measures, the Ministry of Civil Aviation recently canceled the security clearance of Celby, which led to a rapid transfer to Indian operating companies at Mumbai and Delhi airports. There is also an increasing movement to boycott Turkish Airlines, which carries a great presence in the Indian market.

Interglobe Aviation Ltd announced on Tuesday a profit of 3,067.5 rupees for the quarter ending on March 31, 2025, which represents the second, profitable quarter, respectively. This success can be attributed to the high demand for local travel in India.

Compared to the same period last year, the airline’s net profit increased significantly from 1894.8 rupees to 3,067.5 rupees. The company exceeded the market expectations, as the average of three mediation companies is an expected profit range of 2,330 rupees to 2,432 rupees.

Despite its decrease in a little bit of 22,500 rupees, the company’s revenues from operations have witnessed a remarkable growth of 24 %, reaching 22151.9 rupees from 17,825.3 rupees in the previous fiscal year.

The company recorded a 24 % increase in revenue from operations, as it reached 22152 rupees in the current quarter compared to 17,825 rupees in the corresponding quarter of the previous fiscal year.

The profit after tax (PAT) witnessed a 25 % increase on a successive basis, as it reached 2,449 rupees in the amount informed compared to the previous quarter. The company’s revenues also witnessed a slight increase in 22,111 rupees in the quarter to December of the previous fiscal year.

Although revenue increased by 17 % to 80,803 rupees in the fiscal year 25, the company’s net profit decreased by 11 % to 7,258 rupees compared to the 24th fiscal year, as the net profit reached 8172.5 rupees. This decrease in the net profit can be attributed to a large increase of 17 % in expenditures to 76,505 rupees in the fiscal year 25 compared to 63182 rupees in the previous fiscal year.