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“We expect to launch operations in the next 90 days to


Madurai, Amritsar, Mangalore in India apart from Dhaka, Doha and Sharjah on international routes,” Ghosh said while talking about expansion plans.

About overall industry trends, a senior IndiGo official said matching low fares offered by rivals is important depending on the fare bucket concerned.

However, the official also indicated fares might rise in the coming weeks as the airline is mulling passing on the increase in fuel prices onto the passengers.

At the end of December 2016, IndiGo’s total debt stood at Rs 2,746.6 crore and the entire amount is “aircraft related”, as per the filing.

The carrier’s total cash balance was Rs 8,455 crore, including free cash to the tune of Rs 3,786.5 crore.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)