India's largest domestic carrier, IndiGo, and Istanbul-based Turkish Airlines, a member of Star Alliance, today announced a codeshare and mutual cooperation agreement. The signed codeshare and mutual cooperation agreement between the two carriers, the effectiveness of which is subject to receipt by IndiGo and Turkish Airlines of all necessary Board and regulatory approvals, will enable both carriers to provide more flexibility of choice to their respective customers to fly on sectors between India, Istanbul and beyond.
This is the first codeshare agreement for IndiGo as part of its international expansion strategy. Through this cooperation, Turkish Airlines will be offering new destinations in India as Marketing Carrier on IndiGo operated flights, while IndiGo customers will be able to reach many European destinations through Turkish Airlines' extensive network. This reciprocal arrangement will allow TK and 6E to provide seamless connections to their customers, besides enabling them to use through check-in and many other facilities. IndiGo will place its code "6E"on 20 points beyond Istanbul operated by Turkish Airlines. Similarly, Turkish Airlines will use its code "TK" on IndiGo operated flights within India.
Mr. Rahul Bhatia, Director and Interim Chief Executive Officer, IndiGo said, "We are very excited to be launching our first codeshare with Turkish Airlines: apart from supporting our upcoming direct services to Istanbul, this strategic partnership will expand the choices available to our customers for journeys beyond Istanbul, using Turkish Airlines' extensive network. It will become possible for our customers to book itineraries into many cities in Europe on IndiGo, using Turkish Airlines and experiencing their renowned inflight service."
Mr. Bilal Eksi, CEO and Deputy Chairman of the Board, Turkish Airlines said; "We are very happy to host new operators in our main hub Istanbul, and IndiGo will be the first Indian carrier starting flights to Turkey which is very welcome. We believe that it would be great opportunity to improve our cooperation with our new Codeshare partner IndiGo, which will provide new services and destinations for our passengers travelling to/from India."
Shares of InterGlobe Aviation Ltd was last trading in BSE at Rs.1149.85 as compared to the previous close of Rs. 1151.45. The total number of shares traded during the day was 42005 in over 1386 trades.
The stock hit an intraday high of Rs. 1167.35 and intraday low of 1140.55. The net turnover during the day was Rs. 48463237.