IndiGo operates a uniform fleet of 97 Airbus A320s. (credit-neelam mathews)
Helped by low fuel prices and an improving economic outlook, InterGlobe Enterprises, the current majority owner of Indian budget airline IndiGo, plans to raise up to $465 million in an initial public offering from October 27 to 29. InterGlobe expects the to rank as the biggest airline public issue in India since the country’s first budget airline, Air Deccan, made its debut in the market in 2006. Domestic budget carriers in India now hold a 65 percent market share.