The expansion of existing airports and development of new airports will continue expeditiously, Finance Minister Nirmala Sitharaman said on Thursday and emphasised that the country's aviation sector has been galvanised in the past 10 years.
Cyclonic storm Fengal has commenced making landfall close to Puducherry and it may approximately take 4 hours for it to cross the coast completely, an India Meteorological Department (IMD) official said. The process of the cyclone's landfall commenced at about 5.30 pm on November 30. The IMD said the forward sector of spiral bands associated with the cyclone has entered into the land and is likely to move west-southwestwards and cross north Tamil Nadu-Puducherry coasts between Karaikal and Mahabalipuram close to Puducherry as a cyclonic storm with a wind speed of 70-80 kmph gusting to 90 kmph during next 3 to 4 hours.
The DGCA cracked the whip after an IndiGo flight bound for Lucknow returned to Ahmedabad within 40 minutes of its getting airborne due to a mid-air engine failure.
IndiGo confirmed the incident but said the aircraft did not face any technical issue in the past.
The airline has also inked a deal to take 12 A320s from Singapore's Tiger Airways on lease.
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.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
IndiGo is arguably more a financial services company than airline.
The budget carrier would now be operating 399 flights per day.
Cyclone Fengal expected to make landfall near Puducherry.
The other three airlines that have been probed in this matter are SpiceJet, GoAir and Air India
According to the latest figures released by the DGCA, IndiGo, with 27 per cent market share in July this year, has edged past Jet, which managed 26.6 per cent share.
The sessions court in Mumbai on Wednesday granted bail to Indigo Airlines co-pilot Arjun Menon, accused of abetting the suicide of airhostess Sucheta Anand
Just after the boarding completed, a passenger suddenly opened the emergency exit door and inflated the slide, the airline said.
The airline is currently operating on the Delhi-Dubai, Mumbai-Dubai, Delhi-Singapore and Mumbai-Muscat routes.
Industries such as aviation and hospitality have many silos within them and Aionos, the joint venture between Interglobe Enterprises (IGE) and Assago Group, is an attempt to bridge them and boost efficiencies using artificial intelligence (AI) solutions, Rahul Bhatia told Business Standard on Tuesday. Bhatia, the Group Managing Director of IGE, serves as the majority shareholder in India's largest airline, IndiGo. Additionally, IGE operates 21 hotels under the Ibis brand and runs a logistics company called Movin.
Travelling from South India to Kashmir in December was magical for Ganesh Nadar as he feasted his eyes on the beauty of the snow-capped Himalayas.
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
IndiGo, Vistara, Air India, SpiceJet have cancelled their flights, while GoAir and AirAsia India announced waiving date change/ cancellation fee.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
Another nine Indigo flights came under the scanner after warnings that they have bombs on board.
The airline has already set up a team of senior executives to work on the fake licensing issue and 'we are reviewing all our internal records and providing them to the DGCA to help them with their investigation', the sources said.
Cracks started appearing on Saturday in a grouping of airlines that was planning to suspend flights on August 18 to protest high jet fuel prices and taxes, with budget carrier IndiGo saying it would operate as usual.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
A chartered accountant was on Tuesday sentenced to life imprisonment by a court in New Delhi for triggering a mid-air hijack scare in February 2009 by claiming aboard a Goa-Delhi Indigo airlines flight that he had infected needles and a gun.
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
No-frills carrier IndiGo Airlines on Friday said it will increase frequencies on the domestic and international routes this summer as it adds nine aircraft to its fleet by the year end.
'My one recommendation would be to first quell the violence and then encourage dialogue and build the trust among the different communities.' 'This is not easy but necessary, for violence cannot be the way forward.'
Domestic air traffic in the first two months of this year fell by 3.57 per cent compared to the same period last year.
The first Indian civil aviation minister to fly for a commercial airline -- Rajiv Gandhi has been the only prime minister to do so -- Rudy started his job with IndiGo from January 4.
Former Civil Aviation Minister and Bharatiya Janata Party (BJP) national spokesman Rajiv Pratap Rudy has been hired as a co-pilot with Delhi-based private airline IndiGo Airlines on an honorary basis.
This will make buying tickets on airlines' websites cheaper as it will not include the transaction fee.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
Last year, air traffic grew by 9.7%.
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
Currently, there are related party transactions in four areas -- real estate leased to IGAL, simulator training facilities, General Sales Agreements (GSAs) for limited foreign markets and crew accommodation at Accor Hotels, the IGE statement said. Citing unaudited numbers for 2018-19, the statement said the related party transactions in the four areas accounted for Rs 150.12 crore or 0.53 per cent of IGAL's consolidated turnover.
