Indigo to complete awaiting credit shells' overheads by Jan 31

Indigo airline's upcoming announcement

Indigo Airlines | Indigo to complete awaiting credit shells' overheads by Jan 31- True Scoop

 Airline major IndiGo on Monday said the entire  dues shall be possibly paid against credit shells by January 31, 2021. According to the airline, since the continuation of operations in May, IndiGo has been rapidly refunding dues which are outstanding to travellers whose flights had been cancelled during the lockdown.

The airline has already cleared approx to 1000 crore INR as compensation, that covered 90 per cent out of the total amount ,remaining to the customers.

This is said by  Ronojoy  Dutta , The  Chief Executive Officer, IndiGo.

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"The unexpected commencement of Covid-19  led as pandemic for whole the  world ; becoming reason of historical lockdown at everywhere. These consequences   brought our operations to complete halt by the end of March of this year. Since  our incoming cash flows  had declined ,reason being  we were unable to instantly process refunds for cancelled flights and had to create credit shells  in order to refund them back to customers in upcoming period ."

 "However, with the resumption of operations and a steady increase in demand for air travel, our priority has been to refund the credit shell amounts in an expedited manner."


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