Pieter Elbers also cautioned that demanding low ticket prices without taking into account the operational costs could jeopardise the sustainability of airlines.
Calling India one of the ''fastest changing countries in the world right now', Elbers said he is upbeat on the business prospects for the aviation business in India, even as it landscape gets competitive.
IndiGo had originally planned to deploy 30% of its flying capacity - measured by available seats per kilometer - into international markets by 2030. Elbers said it will now meet this target sooner
IndiGo currently operates 176 A320neo as part of its fleet of 334 aircraft and currently has over 40 aircraft grounded due to P&W engine issues.
Speaking to shareholders at the 20th annual general meeting of InterGlobe Aviation, CEO Pieter Elbers also said it aims to "welcome 100 million customers" in this financial year.
Airlines in India are looking to boost ticket sales after domestic passenger traffic has been dropping for the last two months.
The salary hikes are likely to be in the range of high single-digit to mid-teens increases on the base salaries, senior executives from IndiGo said.
The $50-bn order secures IndiGo's future and profitability, and makes it harder for other airlines to compete with it, going forward. It gives the budget carrier ample time to plan out its future, map its domestic and global networks, and pilot requirements.
Elbers said that IndiGo will look to double its current fleet by 2030 and has plenty of time and flexibility to decide on the specific aircraft to buy under the current order of 500 planes.
Peter Elbers will succeed the present chair, Yvonne Manzi Makolo, the CEO of Rwandair, in June 2024.
IndiGo is seeing robust demand for flying in current quarter and yield in the current quarter were higher when compared on year to a capacity constraints in the domestic Indian market.
'We work with 2.8 lakh customers each day. We're training our colleagues to deal with situations where passengers behave in an unruly manner - but it's our job to stand by them when possible', says Indigo CEO Pieter Elbers. In an exclusive interaction with Network18, he also speaks about Indigo's expansion plans, Q3 numbers and the Indian travel market. Watch!
Currently, IndiGo operates around 1,800 daily flights and has a fleet of more than 300 aircraft.
Amid intensifying competition and Air India set for expansion with massive plane orders, the IndiGo chief asserted that there is a lot of growth ahead in the Indian market that "justifies multiple airlines".
The IndiGo chief's comments come after Air India had beaten IndiGo for the third consecutive month as India's top "on-time" airline till October.
Pieter Elbers told Moneycontrol that the airline’s capacity will increase by around 25 per cent in Q3FY23, and that it would continue to expand its domestic network to catalyse the transition by first-time flyers from rail to air travel.
Aviation industry veteran and analyst Captain Ranganathan said IndiGo has fairly safe operations but there seems to be the element of becoming bigger in size.
IndiGo's management also added that it was reasonably confident that it will achieve operational profitability in October-December as they expect passenger load factors to improve in the ongoing quarter and don't expect ticket prices to fall.
Elbers, the former chief executive of KLM Royal Dutch Airlines, was named as the next CEO by IndiGo on May 18, 2022.
Pieter Elbers would be replacing IndiGo's outgoing chief executive officer Ronojoy Dutta, who was at the airline's helm since 2019.
Like Campbell Wilson, who takes over as Air India CEO and MD in June, Elbers comes with vast experience in one company and one culture with assignments across the world, except India. That makes adjusting to the Indian environment, regulations and culture a challenge — especially when it is one of the most brutal markets in the world.
Elbers, who has served as the chief executive of KLM Royal Dutch Airlines, will join IndiGo "on or before October 1, 2022".