India's premier airline, IndiGo, announced on Friday a significant expansion of its codeshare network through a partnership with British Airways. The move is designed to strengthen connectivity between India and the UK, allowing British Airways to add more routes to the existing IndiGo network.
This strategy, known as code sharing, allows airlines to place their two-letter identification code on the flight schedules of their partners. This enables flights to be marketed by one airline while being operated by another. The new partnership with British Airways is an addition to IndiGo's already extensive list of codeshare agreements with international airlines such as Turkish Airlines, Qantas, Qatar Airways, Virgin Atlantic, KLM, American Airlines (NASDAQ:AAL), and Air France.
Abhijit Dasgupta, Senior Vice President of Network Planning and Revenue Management at IndiGo, expects this latest partnership to stimulate trade and commerce between India and the UK.
In conjunction with the announcement of this new partnership, shares of IndiGo's parent company, Interglobe Aviation Limited (NSE:INDIGO), saw a 1% increase in early trading on Friday. The stock was priced at Rs 2,407 ($1 = INR82.940) per share following the news. Over the past six months, IndiGo's stock has risen by 27%, marking the highest gain among all airlines listed on the stock exchanges.
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