Analysts question negative net worth because of dividend payout ahead of IPO.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
IndiGo's ascent is not without its risks, however.
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.
IndiGo retained its No. 1 position amongst domestic airlines growing its market share.
When you want to lean into something excitingly stylish, turn to actress Gayatri Bhardwaj for inspiration.
Its revenue during the period grew by 65 per cent to touch Rs 9,458 crore (Rs 94.58 billion), as against Rs 5,718 crore (Rs 57.18 billion) during FY12.
Country's largest airline has set up a centralised unit to minimise disruptions.
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
An Indigo plane from Delhi with 182 people on board caught fire on Saturday while landing at Kathmandu airport but all passengers and crew escaped unhurt after they were safely evacuated.
IndiGo operates 125 flights across 17 destinations with a fleet of 19 brand new Airbus A-320 aircraft. For the full service carrier, Kingfisher, the drop on flights up to 750 km will be Rs 400 to Rs 1,950 from Rs 2,350 earlier. Fares for travelling above 750 km will be down to Rs 2,700 from Rs 3,100.
The Foreign Investment Promotion Board on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
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.
Thousands of people - pilot says five flights are stuck at least - stuck minutes from an airport but they can't get off to drink a glass of water.
In a major relief for pilots in dealing with fatigue, aviation watchdog DGCA on Monday came out with revised norms that increase their weekly rest time to 48 hours and limit the number of landings to two during night operations. The Directorate General of Civil Aviation (DGCA) has also extended the night hours for pilots and now, it covers the period from 0000-0600 hours whereas it was 0000-0500 hours earlier. Besides, all airlines have to compulsorily submit quarterly fatigue reports, which "should follow a follow a non-punitive and confidentiality policy".
Another nine Indigo flights came under the scanner after warnings that they have bombs on board.
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.
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.
IndiGo and Jet Airways took the second and third rank, alternatively, during this period.
The civil aviation ministry is to issue new route dispersal guidelines this month.
Tata Motors on Thursday launched a new model in its Indigo XL range, which comes with a longer wheel base.
The police detained a couple after they mentioned about "a bomb in the bag" -- which turned out to be a false alarm -- during security check at Goa's Dabolim International Airport, delaying the flight they were to board by almost 90 minutes, an official said on Wednesday.
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.
Just after the boarding completed, a passenger suddenly opened the emergency exit door and inflated the slide, the airline said.
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.
There was no word from IndiGo's CEO Aditya Ghosh.
The information was forwarded to the Intelligence Bureau, Anti-Terrorism Squad, Special Branch of police and Crime Branch, a police officer said.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
Bharti Airtel, the country's largest mobile operator, has already joined the global Seamless Alliance to provide in-flight connectivity.
Normal flight services at Manipur's Imphal International Airport were affected on Sunday afternoon over sighting of an unidentified flying object (UFO), officials said.
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.
Airbus claims the new aircraft is 15 per cent more fuel efficient than the exiting versions of A320
A senior DGCA official said that the flight has been grounded and a detailed probe has been ordered into the matter. All the passengers are safe.
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
The police has registered an FIR and would look at who was at fault.
Tata Group-owned Air India, under its new chief executive officer and managing director Campbell Wilson, is optimising its domestic strategy under which the carrier is "densifying" its presence on metro-to-metro routes and exiting from unviable ones, Business Standard has learnt. Wilson took charge on July 25. Air India has increased its flights on metro-to-metro routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Chennai, Mumbai-Bengaluru, and Hyderabad-Mumbai between June and November this year.
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