Delhi , February 16, 2006 – InterGlobe Enterprises Limited has named Riyaz Peermohammed as Chief Financial Officer of "IndiGo”, its low-cost airline subsidiary, effective immediately. Peermohammed will be responsible for all of the financial functions of IndiGo, which has ordered 100 Airbus A320 family aircraft and is planning to launch this year.

"Riyaz has been at the forefront of aviation finance and risk management. His highly relevant experience combined with his proven business acumen, financial skills and strategic capability uniquely position him to take IndiGo's finances forward.  He will be actively involved in the introduction of our new Airbus jets and will play an important role in setting the company's financial strategy," said IndiGo CEO Bruce Ashby.

" India has huge aviation potential and I am looking forward to returning to India and helping IndiGo to grow and to succeed in this dynamic environment. IndiGo has a solid business plan and a highly professional approach, and I am looking forward to working with Bruce and the team at IndiGo to accomplish IndiGo's growth in a way that will set a benchmark for financial excellence," said Peermohammed.

Prior to joining IndiGo, Peermohammed was Senior Vice President – Corporate Treasury of Emirates, a Dubai-based airline, where he led three successful bond issues amounting to a total of  $1.5 billion for the company.  Under Peermohamed's leadership Emirates won several financing awards, including the coveted Global Treasury Team of the Year from Euromoney's Air Finance Journal.  Peermohamed joined Emirates in 1989 from KPMG, when it had just two Airbus aircraft and was responsible for financing its current fleet of 82 wide body aircraft.

Peermohamed graduated from Mumbai University with a Bachelors of Science in 1981. He is a Chartered Accountant from India and has completed the Management Program from the Indian Institute of Management, Ahmedabad. He qualified as a CFA from the Institute of Chartered Financial Analysts , USA in 1994.

About InterGlobe Enterprises

Established in 1989, InterGlobe Enterprises is the foremost travel conglomerate in India and enjoys a significant presence in the fields of airline & aviation management, travel related services, travel technology, travel distribution services and hotel development & management services.

InterGlobe has been a committed player in the travel and aviation industry for the last 16 years. Its aviation management experience includes representation of 14 leading international airlines and offers services ranging from sales and marketing to revenue and route management. It also offers cutting edge distribution, technology and BPO services for the travel and aviation industries.

InterGlobe has recently entered consumer segments with the promise to offer products and services that deliver value for money. It has announced the launch of IndiGo, its low-cost nation-wide airline venture which will fill the fast emerging need for reliable, efficient and economical air travel. It has also established a joint venture with Accor to build the Ibis range of economy hotels in the Indian sub continent, which in the initial phase of development is set to populate the region with 25 hotels over the next few years.

Headquartered in Gurgaon , India , InterGlobe employs more than 1900 people and has a network of 52 offices across 23 cities in India & abroad.

For further information please contact –

Pranav Kumar
Genesis Public Relations
Ph: 0124- 504 4710/ 98994 69690
Fax: 0124- 504 4744
E-Mail: pkumar@genesispr.com