Talks gain ground of strategic stake sale to foreign investor.
Analysts have questioned the Aditya Ghosh-led company's negative net worth due to a huge dividend payout ahead of an IPO.
Rahul Bhatia set up IndiGo and the Ibis hotels in India.
Low-cost carrier IndiGo on Wednesday said it plans to hire up to 1,500 people this year to support its major expansion drive.
The market valuation of InterGlobe Aviation, the parent of IndiGo, reached Rs 1 lakh crore mark on Wednesday and became the first airline to achieve this milestone. On Wednesday, the stock rallied 3.55 per cent to settle at Rs 2,619.85 apiece on the BSE. In intra-day trade, shares of the company jumped 4.12 per cent to hit its 52-week high of Rs 2,634.25.
Tata Motors on Thursday launched a new model in its Indigo XL range, which comes with a longer wheel base.
Experts say the margin was impacted primarily because of currency depreciation, rise in the price of aviation turbine fuel and pressure on account of fare wars in the home market.
Another nine Indigo flights came under the scanner after warnings that they have bombs on board.
The civil aviation ministry is to issue new route dispersal guidelines this month.
IndiGo and Jet Airways took the second and third rank, alternatively, during this period.
An unruly passenger onboard an IndiGo flight from Mumbai allegedly got violent and created rukcus in the aircraft, forcing authorities to hand him over to security officials when the plane landed at the IGI airport in New Delhi.
IndiGo, the country's latest low-fare domestic airline, is planning to fly to 30 cities across the country with a fleet of 40 A-320s by 2010.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
There was no word from IndiGo's CEO Aditya Ghosh.
Just after the boarding completed, a passenger suddenly opened the emergency exit door and inflated the slide, the airline said.
The information was forwarded to the Intelligence Bureau, Anti-Terrorism Squad, Special Branch of police and Crime Branch, a police officer said.
Airbus claims the new aircraft is 15 per cent more fuel efficient than the exiting versions of A320
Bharti Airtel, the country's largest mobile operator, has already joined the global Seamless Alliance to provide in-flight connectivity.
Rising crude oil prices and muted passenger traffic in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24) have raised concerns about the profitability of listed aviation players. These two concerns have caused the stock of InterGlobe Aviation (IndiGo), the largest player in the sector, to slip by 11 per cent since its highs at the end of July. Nuvama Research expects yields to cool down in the near term due to seasonality, rising crude oil prices, and higher capacity.
IndiGo declined to comment on the matter
The police has registered an FIR and would look at who was at fault.
The new variants are petrol GLX model and two diesel LX models -- in turbo-charged diesel with intercooler and direct injection common rail engine options, the company said. The Tata Indigo CS, launched at the Auto Expo at New Delhi in January 2008, has boosted sales of the company's Indigo range of sedan.
IndiGo CEO Ronojoy Dutta announced on Thursday that the airline was instituting pay cuts for senior employees and he would himself take the highest cut of 25 per cent amid the novel coronavirus pandemic that has hit the aviation industry hard.
"A passenger named Sanjay Mallik on Indigo flight 6E181 from Delhi arrested by CISF on landing at 1145 hours," a spokesperson for the Mumbai International Airport Limited told PTI.
An Indigo aircraft flight E-664 mmade and emergency landing at New Delhi airport. The National Security Guard and Delhi police's quick response team have been called in.
Civil Aviation Minister Ashok Gajapathi Raju has sought an independent probe by the Directorate General of Civil Aviation after a video surfaced on Tuesday showing an IndiGo ground staff brawling with passenger Rajeev Katiyal at the Delhi airport last month.
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
The budget carrier would now be operating 399 flights per day.
Domestic carriers flew 28 per cent more people last month compared to a year ago, as no-frill carrier IndiGo remained the market leader by cornering 28 per cent share.
An anonymous phone call threatening that a bomb has been placed in a Kolkata-bound Indigo Airlines flight with 130 people, including six crew, on board on Wednesday sent security agencies into a tizzy at the airport in New Delhi.
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to be on the international side.'
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
The spot airfares on major routes, where Vistara cancelled flights on Tuesday, have surged by up to 38 per cent, according to data provided by Cleartrip. The spot airfares for Tuesday were compared with March 5. Vistara has cancelled 52 flights on routes such as Delhi-Indore, Delhi-Srinagar, Mumbai-Kochi, and Bengaluru-Udaipur as a certain section of pilots went on sick leave, reportedly protesting against the new salary structure that was introduced as part of the airline's merger with Air India.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
The petrol versions carry a price tag ranging from Rs 424,000 to Rs 484,000, while the two diesel models have been priced at Rs 480,000 and Rs 519,000.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
India's largest airline has also told its crew members -- who are working on flights connecting India with East Asian countries like Thailand and Singapore -- to wear N95 masks at all times when they are on ground.
The airline is gearing up to come out with an initial public offer.
Having introduced common rail direct injection engine in its Indigo XL sedan, Tata Motors has decided to introduce the technology in all diesel models of its Indigo and Indica cars within next 4 to 6 months.
