InterGlobe Aviation Ltd - 539448 - Clarification On News Item Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
We refer to your email dated December 23, 2021 on even dated news item on the website 'www.moneycontrol.com' captioned as 'IndiGo announces codeshare agreement with Air France - KLM from February'. In this respect, we would like to confirm that the Company has entered into a code share agreement with Air France- KLM. Under this codeshare arrangement, Air France and KLM will be placing their flight code on a small number of flights operated by IndiGo, on its domestic and regional international network. Codesharing is a standard business activity in airline industry across the world including India and while its impact on total revenues is normally incrementally positive, the same is always marginal in its extent as the passenger feeds provided by codeshares are nominal. As such, this codeshare agreement with Air France- KLM do not have any material impact on the business of the Company.24-12-2021