IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
InterGlobe Enterprises Ltd on Thursday announced its plans to launch IndiGo, its nation-wide low-cost airline venture.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
The company is expanding across five brands, from its Formula One budget brand and Ibis economy hotel brand to the upmarket ones of Novotel, Sofitel and Pullman.
InterGlobe has raised Rs 3,008.5 crore.
The 50-share NSE Nifty slipped below the 10,700-mark and finished at 10,679.65 -- down 38.40 points, or 0.36 per cent.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
Low-cost airline IndiGo on Tuesday said it has no plans to take on-board an overseas partner to expand its business.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
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.
Dutta was president of United Airlines, where he worked for nearly twenty years. He also served as the president of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
IndiGo heads towards $400 mln IPO as air travel booms.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Move aimed at giving more headroom to foreign investors.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
Leading low-cost carrier IndiGo has received the government's permission to buy 150 aircraft in the next 2-3 years, a senior company official said.
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.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
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.
Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
The value of the ace investor's personal holdings rose by just 2%.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IndiGo Airlines, a new domestic airline and a subsidiary of InterGlobe Entreprises, will start operations from August 4 with a daily flight from Delhi to Guwahati and Imphal.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
Australian hotel major Accor, with its joint venture partner Interglobe, has earmarked Rs 600 crore (Rs 6 billion) for constructing mid-scale and economy hotels in Tier I and Tier II cities of the country.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
IndiGo Airlines, a new domestic airline, will introduce a daily flight from Nagpur to Mumbai and Kolkata from October 20.
IndiGo is arguably more a financial services company than airline.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances