The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.
IndiGo will seek board approval for Dutta's appointment soon. Till then, promoter Rahul Bhatia will continue to act as interim CEO.
"In a civilised society fisticuffs have to be condemned ...action has to be taken," Raju told reporters.
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.
IndiGo has about 40 per cent market share, more than double that of Air India's 14.8 per cent.
Once the coronavirus lockdown is over in India and commercial passenger flights are permitted again, IndiGo will deep clean its aircraft more frequently, stop in-flight meal service for a brief period and will fill a maximum 50 per cent capacity in airport buses, the airline's CEO Ronojoy Dutta said on Friday. "In situations like these, companies do not manage to growth or profitability but to liquidity. That means our singular focus is on cash flow. We are examining all our fixed costs and looking for ways to minimise them," he said.
Bihar Police on Wednesday arrested a person in connection with Indigo station manager Rupesh Kumar Singh's murder, which it claimed to be the outcome of a road rage.
Major no-frill carrier IndiGo expects to continue its profit-making streak this financial year too, as it plans to increase frequencies on select international routes soon.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
Rakesh Gangwal had raised concerns that various RPTs involving Bhatia's InterGlobe Enterprises Group were executed without seeking the audit committee's approval and without seeking competitive bids from third parties.
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.
Since the company's senior management was privy to the price-sensitive information of Ghosh's resignation, Sebi wanted to check whether the information was disseminated properly to bourses
Indigo, the largest player in the domestic aviation space, cannot afford to ignore new entrant Vistara.
French aviation watchdog BEA said vertical separation between the two aircraft 'was zero feet' while the least horizontal separation between the two planes was reduced to just 0.6 NM.
At present, IndiGo operates over 17 flights between India and the Gulf
Move aimed at giving more headroom to foreign investors.
Three passengers who travelled on Delhi-Jammu flight on Tuesday, six passengers who were on Bengaluru-Coimbatore flight on Wednesday, two passengers who were on Delhi-Coimbatore flight on Wednesday and one passenger who was on Bengaluru-Madurai flight on Wednesday tested positive for the novel coronavirus, the airline said.
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
The airline with a 66-aircraft fleet said on Monday that it would be inducting 16 planes this year and the remaining 12 by 2014.
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.
IndiGo's situation points to a deeper malaise where skill shortage can challenge India's status as the fastest-growing aviation market, say experts.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
The other three airlines that have been probed in this matter are SpiceJet, GoAir and Air India
Red is clearly not Saina Nehwal's colour. For her engagement too, she looked stunning in a powder blue and pink lehenga.
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.
When contacted, an IndiGo spokesperson said the flight 6E-508 was "involved in a low speed reject due to suspected engine stall".
Reddy, who represents Andhra Pradesh's Anantapur seat in the Lok Sabha, reported late for the flight and therefore, was not allowed to board it, a source said.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
'aris can be boiling hot in July. The choice of viscose over cotton was deliberate. Cotton would have crushed badly. We used viscose because it is a wood pulp fibre and lets you breathe. It is cooler than silk. We had to consider breathability because the athletes would be on a barge, in the heat, for up to five hours.'
The civil aviation ministry has increased the seat capacity between India and Abu Dhabi from 13,000 seats/week to over 50,000 seats/week
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.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
The addition of eight new services would take the total number of flights operated by the IndiGo to 633
Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.
It dismissed reports suggesting a stake sale as 'baseless'.
IndiGo's share sale will raise the company's retained earnings to Rs 2,680 crore.
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.
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