This research paper reveals the internal and external factors, which contributed to the grand success of Indigo airlines. The purpose of our study was to conduct an analysis on the ‘Success Story of Indigo Airlines.’ and to study the factors, which are responsible for its success. The sample size selected was 200 respondents from Pune. Stratified Random Sampling was done to select the respondents from the upper middle class who prefer flying frequently in Low Cost Carriers. The primary data was collected by means of a questionnaire, which was mailed to respondents in Google doc format. The secondary data was collected from various research papers, journals, newspapers and internet. The results of the study indicated that the services provided by Indigo airlines with its sale-and-leaseback transactions helped Indigo earn higher profits than its competitors. Apart from these, Indigo’s Punctuality to be on time with quick turnarounds of less than 30 minutes between flights has aided Indigo for positioning itself with best in connectivity between cities. The benefit of such a study is an endeavor to review the Success Story of Indigo Airlines and compare it with other competitors who failed to survive profits in the aviation industry