PEERMOHAMMED NAMED CHIEF FINANCIAL OFFICER OF INDIGO
Delhi , February 16, 2006 – InterGlobe Enterprises Limited has named Riyaz Peermohammed as Chief Financial Officer of "IndiGo”, its low-cost airline subsidiary, effective immediately. Peermohammed will be responsible for all of the financial functions of IndiGo, which has ordered 100 Airbus A320 family aircraft and is planning to launch this year.
"Riyaz has been at the forefront of aviation finance and risk management. His highly relevant experience combined with his proven business acumen, financial skills and strategic capability uniquely position him to take IndiGo's finances forward. He will be actively involved in the introduction of our new Airbus jets and will play an important role in setting the company's financial strategy," said IndiGo CEO Bruce Ashby.
" India has huge aviation potential and I am looking forward to returning to India and helping IndiGo to grow and to succeed in this dynamic environment. IndiGo has a solid business plan and a highly professional approach, and I am looking forward to working with Bruce and the team at IndiGo to accomplish IndiGo's growth in a way that will set a benchmark for financial excellence," said Peermohammed.
Prior to joining IndiGo, Peermohammed was Senior Vice President – Corporate Treasury of Emirates, a Dubai-based airline, where he led three successful bond issues amounting to a total of $1.5 billion for the company. Under Peermohamed's leadership Emirates won several financing awards, including the coveted Global Treasury Team of the Year from Euromoney's Air Finance Journal. Peermohamed joined Emirates in 1989 from KPMG, when it had just two Airbus aircraft and was responsible for financing its current fleet of 82 wide body aircraft.
Peermohamed graduated from Mumbai University with a Bachelors of Science in 1981. He is a Chartered Accountant from India and has completed the Management Program from the Indian Institute of Management, Ahmedabad. He qualified as a CFA from the Institute of Chartered Financial Analysts , USA in 1994.
The flagship company of the InterGlobe Group, InterGlobe Air Transport is the market leader in India in air transport management that provides a comprehensive range of services and support to international airlines.
InterGlobe has a history of successful business partnerships with leading international airlines. In fact, the company has successfully allied over two decades with an array of major international airlines (including United Airlines, Virgin Atlantic, China Eastern Airlines, Delta Air Lines, South African Airways and Turkish Airlines) providing them with wide-ranging services, from passenger and cargo to route management.
As the largest air transport management company in India, we have the means to commit dedicated resources to provide product focus and committed ownership - right from adopting our partners’ processes to enhancing the quality of service delivery with meticulous planning and foresight suited for the Indian environment.
Our airline partners depend on us to provide complete management of the airlines' business in India to international standards. Most relationships include both passenger and cargo representation to maximize revenues and ensure cost effectiveness and high quality of service delivery.
InterGlobe Air Transport lives up to the demanding international standards, taking its role further by ensuring business enhancement for its partners. In fact, owing to this very strength and confidence in the partnership, InterGlobe Air Transport has tied up with South African Airways as Route Managers responsible for route profitability on SAA's South Africa-India Route.
With keen insight and quick to spot emerging trends, InterGlobe Air Transport has taken the responsibility for consolidating the Indian ethnic traffic from the United Kingdom to global destinations through several carriers like Virgin Atlantic, United Airlines, SAS and Delta Airlines.
_______________________
InterGlobe Aviation, a subsidiary of InterGlobe Enterprises, will soon be launching IndiGo, a nationwide low cost airline venture. The venture is jointly promoted by InterGlobe Enterprises Limited and Mr. Rakesh Gangwal, globally recognized for his management skills and expertise in the airline industry.
IndiGo is the result of extensive analysis and planning by very experienced airline executives and we are convinced that it will be a successful player in a market that is both large and fast growing. IndiGo will offer the finest aircraft cabin interiors and the friendliest staff, backed by efficient and reliable operations and processes.
Slated to commence operations within the next six months, IndiGo has committed for 100 firm A320 family of aircraft – world renowned for its customer friendly features and comfort.
The aviation industry in India is on the threshold of the next big revolution and we believe that IndiGo is ideally positioned to fill the fast emerging need for reliable, efficient and economical air travel. IndiGo will serve the nation's air travelers with superior customer service and provide great value for money transportation.
Er.. I am bad at poems but just tried to compose this one how is it BTW?...
An aviation battle to our front, For the survivors we hunt, From our old flyers like Indian and Jet to our new ones IndiGo and Kingfisher, Some with fleets of Airbus' some with fleets of Boeings, The machines will do their jobs of flying so will the staff, Just like a battle where the soldiers fight wherever they're told, But the battle depends on how long will their shields hold and food doesnt turn cold, How good will their leaders plan out attacks, Just here how well the management plan their attacks, And how long will their supplies of funds last how long they can rely on stocks, Hurried breakevens, million dollar funds, attack by ads, young men and machines, They've got it all, But we pray and watch how long will they stall or when will they fall.
-- Edited by the_380 at 16:22, 2006-07-03
__________________
Light travels faster than sound...thats why people appear bright, until you hear them talk!
IndiGo takes delivery of its first brand new Airbus A320 aircraft
Toulouse (France), July 28 (UNI) IndiGo, India’s newest low-fare carrier, today took delivery of its first brand new Airbus A320 aircraft at the Airbus factory here.
The airline has ordered 100 brand new 180-seater A320 family aircraft. It will introduce a new A320-232 aircraft every month during the remainder of 2006, and nine more in 2007.
By December 2007, IndiGo’s fleet will comprise a total of 15 aircraft. From August 4, the first plane will be used to offer daily non-stop service between Delhi and Guwahati, with a same-aircraft continuation to Imphal.
From August 10, the same aircraft will also be used for non-stop daily service between Delhi and Pune, with a same-aircraft continuation to Bangalore.
‘‘IndiGo is built for people with things to do, places to be and people to see, who don’t want to waste time, money or energy in the process,’’ said its president and CEO Bruce Ashby.
‘‘The team at IndiGo has designed an airline with affordable fares that has cut red tape and hassles, opening up a country full of opportunities.’’
IndiGo is promoted by InterGlobe Enterprises, a committed player in the travel and aviation industry for the last 16 years. UNI