Airline stocks have been soaring following a steep decline in crude oil prices and sustained passenger traffic. Analysts have particularly turned bullish on the stocks of InterGlobe Aviation and SpiceJet. On December 20, shares of InterGlobe Aviation (IndiGo) hit a record high of Rs 3,009 on the BSE, having surged 43.24 per cent year-to-date (YTD).
'IndiGo's position in this argument will depend on whether it has registered '6e' as a trademark.'
The country's largest airline IndiGo has decided to place an order for another 10 A320 neo family aircraft. These planes will be in addition to the nearly 1,000 planes already ordered by the carrier. The latest decision comes little over two months after IndiGo announced placing a firm order to buy 500 narrow-body planes from Airbus, which was one of the largest-ever aircraft purchases by an airline.
Aviation security regulator BCAS on Wednesday slapped fines totalling Rs 1.80 crore on IndiGo and Mumbai airport operator MIAL over the incident of passengers having food on the airport's apron. The apron is the area around the aircraft where it has finally parked for deboarding.
Amid concerns of espionage, the Rajasthan administration has intensified security measures along the India-Pakistan border, with authorities in Jaisalmer and Sri Ganganagar banning the use of Pakistani SIM cards.
A passenger was arrested for allegedly attempting to open the emergency exit door of an IndiGo flight from Nagpur to Bengaluru prior to take-off, police said.
Mahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as 'BE 6' but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark 'BE 6e'. InterGlobe Aviation, which owns IndiGo airlines, has taken the automaker to court over the usage of 6E in its new EV brand.
Low-cost carrier IndiGo has asked American aerospace manufacturer Pratt & Whitney (PW) to quickly provide engines for the airline to press its grounded planes back into service, sources said on Wednesday. The airline wants to increase its domestic frequency to fill the supply-side void created after Go First's exit, they added. Go First stopped operating flights from May 3 after filing an insolvency application with the National Company Law Tribunal.
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
A senior government official confirmed that after a meeting with other stakeholders, the decision has been taken and airlines and airport authorities have been informed about it.
The Delhi International Airport Ltd (DIAL) asked passengers to contact the airlines concerned for updated flight information and also regretted any inconvenience caused to the passengers.
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of the country's largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three months ended March 2022. Reflecting the bullishness in the aviation market, the carrier has forecast a 5-7 per cent rise in Available Seat Kilometres (ASK), an indicator of seat capacity, in the June quarter.
Prima facie, he died of "cardiac arrest following sudden unexpected loss of heart function", said KIMS-Kingsway Hospital where he was rushed.
A significant number of flights were impacted at the Delhi and Mumbai airports in the last few days due to dense fog and low visibility conditions.
'Dharmendra was paying a little extra attention to me and she didn't like it.'
A 22-year-old youth and a person with disability died, while at least 11 were injured, in separate rain-related incidents in the national capital on Wednesday evening. The incidents occurred amid sudden changes in weather in Delhi, as a rainy storm marked by hail wrecked havoc across the city, throwing traffic out of gear as far as Delhi-Noida, Delhi-Ghaziabad, and Delhi-Gurugram roads and uprooting several trees.
Airlines waive cancellation and rescheduling fees and boost flight capacity from Srinagar.
IndiGo has the flexibility to decide what would be the precise size of its aircraft fleet by 2035, its chief executive officer (CEO) Pieter Elbers said on Monday. IndiGo - the country's largest airline - has 312 aircraft in its fleet. Elbers said the airline will double in size by 2030, indicating the airline will have a fleet of about 625 by 2030.
'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'
In the short video clip, other crew members could be seen shouting at the passenger after he hit the pilot.
The woman passenger Kushboo Gupta shared on Instagram a short video of the worm in the sandwich onboard the flight.
Westberg is the eighth airline passenger arrested in India in the past three months for alleged unruly behaviour.
Meanwhile, only three runways are operational at the airport now as one runway is closed for maintenance works.
The passengers were stopped by the crew members for consuming alcohol and they apologised in writing for the incident.
The 62-year-old male passenger was suffering from CKD and tuberculosis and vomited blood on board, said Aejaz Shami, DGM, Branding and Communications of KIMS Hospital Nagpur.
A police officer said Kataria was called on Tuesday for questioning to know the sequence of the incident.
Stand-up comedian Kunal Kamra has once again found himself at the center of a controversy, this time for his comments about Maharashtra's Deputy Chief Minister Eknath Shinde. Kamra has been a controversial figure for years, with his comedy often targeting politicians and other public figures. This latest incident has led to a backlash from Shinde's supporters, who have vandalized the venue of Kamra's show. Kamra has a history of making controversial remarks, including heckling a TV anchor on a flight and making comments about the judiciary.
A sharp correction in stock prices, signs of rural recovery, and lower raw material costs have not been enough to change brokerages' cautious stance on the top-listed paint companies. Concerns over rising competition and weak demand continue to weigh on sentiment.
The entire construction of the Navi Mumbai airport project is expected to be completed in five phases.
Security agencies went into a tizzy after three international flights originating from Mumbai received bomb threats on Monday with one of them, a New York-bound Air India aircraft, getting diverted to New Delhi as travel plans of some 500 passengers went for a toss.
With only a few days to go before the country celebrates Holi, several airline companies offered discounts on fares on the occasion of the festival of colours. While two airlines are providing discounts on both domestic and international networks, another has the offer only for the domestic sector. Low-cost airline Akasa Air said it is offering an all-inclusive one-way fare starting at Rs 1,499 on domestic routes.
The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.
A strong dust storm and gusty winds followed by rain hit Delhi-NCR on Friday evening, causing trees to be uprooted in several parts and leading to traffic congestion. Thunderstorms caused power disruptions in several parts of the city, primarily due to trees and branches falling on electricity cables. The India Meteorological Department (IMD) has issued an orange alert, recommending people stay indoors and avoid unnecessary travel.
With tailwinds of strong operational performance and favourable market conditions, InterGlobe Aviation on Wednesday reported a record profit after tax of Rs 3,090.6 crore in the three months ended June. The parent of the country's largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current fiscal, according to a release. The carrier, which had 316 planes in its fleet at the end of June 2023, had registered a loss of Rs 1,064.3 crore in the 2022 June quarter.
Oil marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel. The price drop came after a double blow: The US imposed tariffs on Canada and Mexico, including energy imports, and OPEC+ - the group of major oil-producing nations including Russia - announced an output increase of 138,000 barrels per day, the first such hike since 2022.
IndiGo carried 69.09 million passengers last year, compared to 67.9 million in 2019.
A man arrested for allegedly sharing a bogus bomb alert on an IndiGo flight from Nagpur to Kolkata last month has turned out to be an Intelligence Bureau (IB) officer.
Prepare it fresh and serve it on the same day.
The incident took place in flight number 6E 308 from IGI Airport at around 7:56 am on Friday.
It is the first airport in the country to have multi-modal connectivity. This includes a linkage to the project via road, rail, and a metro system.
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