Page 2 - Interglobe Aviation Ltd News

IndiGo faces major system outage; passengers stranded for hours: WATCH

IndiGo reassured its customers that airport staff are working to minimise the wait times at check-in counters. However, passengers reported facing issues, including difficulties with web check-in

Airline stocks IndiGo, SpiceJet gain after govt slashes ATF rates

Shares of listed airlines IndiGo and SpiceJet gained up to 5.4 per cent after the central government cut air turbine fuel (ATF) rates

DGCA investigates IndiGo tail strike incident, derosters flight crew

Aviation watchdog DGCA is probing the incident of tail strike involving an IndiGo aircraft on September 9 and the flight crew has been derostered, a senior official said on Tuesday. In a statement, IndiGo said its A321 aircraft was grounded in Bangalore due to a tail strike on September 9. It was operating the flight from Delhi to Bengaluru. "The aircraft is currently under maintenance and will be back in operation post necessary repairs. The incident is under investigation," the airline said. According to the senior official at the Directorate General of Civil Aviation (DGCA), the flight crew has been off rostered and the incident is under investigation.

IndiGo flight to Doha faces tech issue; long wait for passengers onboard

Passengers of an IndiGo flight from the city to Doha waited inside the aircraft for more than four hours as the flight was delayed due to a technical issue on Sunday. Some passengers took to social media to complain about the long flight delay and that they had to wait for long. The flight was to take off on Sunday early morning. Passengers were inside the aircraft for more than four hours before they deplaned. The flight is now expected to take off later in the day from the Mumbai airport, sources in the know said. IndiGo said its flight 6E 1303, operating from Mumbai to Doha, was delayed due to a technical reason. "The aircraft tried to depart for its destination a couple of times but had to finally be called off due to the extended time lag on account of various procedural delays," the airline said in a statement. While apologising for the inconvenience, IndiGo said its airport team immediately provided assistance to the affected customers and provided refreshments and necessa

IndiGo, Ceat: Which stocks are on analysts' radar as oil falls below $70?

Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies

IndiGo pays reduced Rs 70 lakh fine to BCAS over Mumbai airport incident

IndiGo has paid the reduced penalty of Rs 70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year. The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14. In a filing to the BSE on Tuesday, IndiGo said that pursuant to an appeal, BCAS reduced the penalty to Rs 70 lakh through an order dated August 12. "There is a delay in submission of the disclosure within prescribed timelines since the company was in the process of reviewing the legal remedies available against the order. Post review, the Company has paid the revised/reduced penalty amount to BCAS on September 10, 2024," the filing said. Many passengers rushed out of an IndiGo aircraft at the Mumbai airport, sat on the tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after a long del

IndiGo eyes global expansion with new routes, cargo growth by 2030

The budget-carrier is planning to double the airline's international destinations to 40 by March 2025, with a focus on untapped markets for Indian travellers

Rakesh Gangwal, family trust sells 5.83% stake in IndiGo for Rs 10,500 cr

InterGlobe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per cent shareholding for about Rs 10,500 crore. A total of 2.25 crore shares or 5.83 per cent holding in InterGlobe Aviation were sold by Gangwal and Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware. In two separate regulatory filings, Rakesh Gangwal sold 22.50 lakh shares of InterGlobe Aviation and the Chinkerpoo Family Trust disposed of more than 2.02 crore scrips of the airline. After the share sale, Gangwal's stake in InterGlobe Aviation has come down to 5.31 per cent from 5.89 per cent, while the Chinkerpoo Family Trust's stake has declined to 8.24 per cent from 13.49 per cent, the filing said. Also, the combined shareholding of Gangwal and Chinkerpoo Family Trust has reduced to 13.55 per cent from 19.38 per cent. On Thursday, Gangwal's family trust sold a 5.24 per cent stake in the airline for

IndiGo block deal: Nearly 23 mn shares change hands; Gangwal likely seller

IndiGo block deal news: A total of 25.73 million shares of InterGlobe Aviation have been traded so far on the bourses on the NSE and BSE

Valuations reflecting multiple positives for airlines major IndiGo

India is a very underpenetrated aviation market, which means a strong growth outlook

Co-founder Rakesh Gangwal to further pare down his stake in IndiGo

3.8 per cent stake for Rs 7.1k crore on sale via block deals: Sources

IndiGo soars 9% in 2 days, hits record high on Jefferies' 'Buy' upgrade

IndiGo share price today: Jefferies bull case pegs IndiGo's share price target price at Rs 5,800, suggesting a likely upside of 29.4 per cent from current levels

F&O cues: FIIs bullish on Nifty MidCap; JK Cement, Deepak Nitrite on radar

Derivatives market update for Friday, August 23: Analysts suggest Nifty options market reflects a bearish sentiment, with increased Call writing vs. Puts, as the index nears major hurdles.

Here's why Kotak Institutional Equities thinks IndiGo stock may rerate

Kotak Institutional Equities has a 'Buy' rating on the stock with a target price of Rs 5,400, suggesting 28 per cent upside from current levels

F&O Cues: Nifty needs to hold above 24,650; check bullish, bearish stocks

Derivatives market update: FIIs reduced longs in index futures marginally on Monday; their index long-short ratio stands at 1:1. Retail traders up long bets.

IndiGo's median salary increase drops to 4.42% in 2023-24: Annual reports

Airline sources stated that the growth was higher in 2022-23 because the airline was normalising the remuneration of employees who had suffered salary cuts during the peak of the COVID-19 pandemic

Central Asia gives India's largest budget carrier IndiGo its wings

Just over a three-hour flight from Delhi, these four countries have seen a big jump in visitors

India needs more than 2 major airlines, says IndiGo's Rahul Bhatia

IndiGo will never be found guilty of gouging customers, he added

IndiGo, Air India cancel their flights to Dhaka amid Bangladesh unrest

IndiGo, India's largest carrier, operates 35 weekly flights between the two countries, according to aviation analytics firm Cirium

IndiGo to offer business class on 12 routes, tickets start at Rs 18000

The airline will launch its business class tickets on 12 routes, starting with Delhi-Mumbai. It will also serve the cities of Bengaluru, Chennai, Kolkata and Hyderabad within a year after the initial