The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
Jet Airways (India) Ltd has defaulted on lease rentals of its Boeing 737s, highlighting the financial difficulties faced by the airline.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Bihar Chief Minister Nitish Kumar has done well to rinse Bihar of many ills. Going ahead the challenge for the state is to grow beyond soft reforms!
Makemytrip.com, a travel-related portal, remained inaccessible for a large part of the day owing to an unprecedented surge in traffic, after Air India and JetLite slashed fares.
National Aviation Company, the name of the proposed merged entity of Air India and Indian Airlines, plans to launch a value carrier to take on the challenge from JetLite and Air Deccan.
It is for the first time in India that a plane has been chartered to view the total eclipse from above the clouds, the company said. A JetLite 737-700 has been especially chartered for this purpose and the eclipse flight will last for three hours and it will take-off from New Delhi at 4.30 am, fly towards and hold over Gaya till the eclipse time, the company said.
Domestic airlines witnessed 10 per cent rise in sales in 2014.
Authorities said it was sheer luck and pilot's presence of mind that saved the JetLite aircraft. The pilot managed to control the plane on the runway despite the snag in the landing gear. All the passengers were immediately evacuated.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
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.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
Govt says domestic carriers' financial health a concern.
The government has begun consultations on relaxing the eligibility criteria for allowing Indian carriers to fly abroad, Rajya Sabha was informed.
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.
IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore (Rs 880 million.
Vistara reported a passenger load factor of 45.4 per cent.
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
Heavy rains lashed the national capital, bringing much needed respite from hot and humid conditions, but also caused water-logging and brought the traffic to a standstill in various parts of the city on Tuesday evening.
The large scale diversion on the night of January 5-6 was mainly because of these aircraft being operated by pilots not trained on Category-III Instrument Landing System, DGCA sources said.
In India currently, Air India, Jet Airways and its subsidiary JetLite are members of the IOSA and conform to the safety standards set by this audit on a regular basis.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
AirAsia says deal not violative of shareholder agreement.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
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