InterGlobe Aviation, the operator of low-cost airline IndiGo, on August 2 reported a profit of Rs 3,090.6 crore for the quarter ended June 2023, as compared to a net loss of Rs 1,064.3 crore in the same period a year ago.
The company’s chief financial officer, Gaurav Negi, informed during the earnings call that the airline is looking to float a venture capital fund that will invest in early-stage companies in the aviation and allied sectors, including travel, lifestyle, hospitality and transportation along with acquiring assets such as aircraft and engines in order to make better use of its cash flows.
