Page 7 - Indigo

Indian carriers' focus is now on international market to boost revenues

According to Joshi of Network Thoughts, during next few years share of Indian carriers in itn'l traffic will rise, because Air India will induct more capacity and so will IndiGo, with XLR aircraft

Healthy, tough competition in Indian aviation market: IndiGo CEO Elbers

There is healthy and tough competition in the Indian market, which is also price sensitive, the country's largest airline IndiGo's chief Pieter Elbers said and emphasised that there is an enormous demand for travel. At the helm of the airline having a domestic market share of little over 60 per cent and more than 360 aircraft in its fleet, Elbers also mentioned that overall price levels in India are "very very competitive", something that he thinks one should take "as part of the change in India itself and the diversity of India". While air traffic continues to rise and airlines expand their operations by connecting new destinations, there are also concerns in certain quarters about airfares being higher, especially during peak seasons. Air ticket prices in the country are deregulated, and fares are mostly a function of supply and demand. In a recent interview with PTI, Elbers said there is healthy and tough competition in the Indian market. "Indian consumers are really eager to ..

IndiGo aims to double in size by 2030 with new routes: CEO Pieter Elbers

IndiGo aims to double in size by 2030 with new domestic and international routes as well as destinations, its chief Pieter Elbers said as the airline pursues soaring global ambitions to match India's economic growth potential. The country's largest airline with a domestic market share of little over 60 per cent is also betting big on A321 XLR aircraft that are expected to be part of its fleet "somewhere in 2025", to further expand its overseas presence. Seeking to consolidate as well as expand its position on the global scale, Elbers told PTI in an interview that the next big jump for IndiGo will be to double its size by the end of the decade. For the next financial year starting April 2024, the IndiGo chief said the capacity guidance in terms of seat capacity is "early double digits" and one plane is coming in every week. Amid supply chain as well as Pratt & Whitney engine woes, Elbers also emphasised that the airline is taking a lot of mitigating measures that are bearing ...

IndiGo aircraft brushes wings of Air India Express plane at Kolkata airport

An IndiGo aircraft grazed the wings of an Air India Express plane at the Kolkata airport on Wednesday, leaving wings of both aircraft damaged, officials said. The IndiGo flight was headed to Darbhanga, while the Air India Express plane was scheduled to leave for Chennai. The Directorate General of Civil Aviation (DGCA) has launched a probe and de-rostered two IndiGo pilots involved in the incident, a senior DGCA official said. Both aircraft had passengers on board at the time of the accident but no injuries have been reported. Air India in a statement said the aircraft has returned to the bay and further investigations are underway. "The wingtip of a taxiing aircraft of another airline grazed one of our aircraft, which was stationary and awaiting clearance to enter the runway at Kolkata for a scheduled operation to Chennai," an Air India Express spokesperson said in a statement. The aircraft has since returned to the bay and further investigation is underway, "for which we are ..

IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24

IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade

Domestic carriers set to operate 6% additional flights in summer

The largest domestic airline, IndiGo, is slated to operate 13,050 flights every week, a 13.8 per cent (Y-o-Y) rise from 11,465 flights in the previous year

DGCA refuses to extend June 1 deadline to implement new FDTL rules

FDTL norms are important as they ensure adequate rest for pilots so that there is no untoward incident

Rakesh Gangwal mops up Rs 6,786 crore from 6% stake sale in Indigo

At the end of December 2023 quarter, Rakesh Gangwal directly held 11.72 per cent stake in the company, the shareholding pattern data shows

IndiGo soars 8% from day's low on Rakesh Gangwal's likely large block deal

As per Bloomberg, IndiGo promoter Rakesh Gangwal raised about $820 million from selling part of his holding, in the largest block equity sale in the country since 2019

IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019

It's the fourth time within two years that the co-founder has tapped investors through a block sale of IndiGo shares, according to data compiled by Bloomberg

What could weigh on InterGlobe Aviation shares today? All you need to know

Stocks to Watch on Monday, March 11: Rakesh Gangwal could sell a 3.3-per cent stake (130 million shares) in IndiGo to raise around $450 million

IndiGo flight from Mumbai to Istanbul delays due to technical issue

The IndiGo flight coming from Mumbai to Istanbul has been delayed due to a technical issue, the airline said on Saturday.According to the official statement, passengers for this flight are being accommodated on two special flights operated by A32x aircraft."IndiGo's flight 6E18 from Mumbai to Istanbul has been delayed due to a technical issue with the incoming aircraft from Istanbul. Passengers for this flight are being accommodated on 2 special flights operated by A32x aircraft and, we are currently working with the regulator to obtain the requisite clearances at the earliest," an official statement said."At this moment, ensuring passengers' comfort caused by this unforeseen situation is our top priority and we are providing alternate options, rescheduling, and refunds as per norms. IndiGo sincerely apologizes for the inconvenience resulting from this delay," it added.Earlier, a 42-year-old passenger travelling in an IndiGo flight on Tuesday was arrested by the Mumbai police for ...

IndiGo co-founder Gangwal to sell airline's shares worth $450 mn: Report

The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday

IndiGo's Gangwal invests $20 mn in manufacturing services startup Zetwerk

Gangwal started his airline career with United Airlines in 1984. He co-founded IndiGo along with his friend Rahul Bhatia in 2006 with one aircraft

IndiGo promoter Rakesh Gangwal invests $20 million capital in Zetwerk

Unicorn startup Zetwerk on Thursday said it has received USD 20 million (about Rs 165 crore) investment from Indigo Airline promoter Rakesh Gangwal. Gangwal is the last investor in the ongoing funding round of Zetwerk at USD 2.8 billion enterprise value. "We are delighted to share that Rakesh Gangwal has invested USD 20 million in Zetwerk through Wheelhouse Venture Capital. Gangwal, with his extensive experience spanning several decades, brings invaluable insights into building businesses and iconic brands. His strategic guidance will be crucial in building Zetwerk into a generational company," Zetwerk said in a statement. The company has raised USD 650 million to date, including the recent investment from Gangwal. Zetwerk has posted a nearly six-fold jump in revenue to Rs 4,961 crore during 2021-22, mainly on account of companies looking for an alternate destination to China to make their products. The company's revenue more than doubled to Rs 11,448 crore in the financial year 2

Man smokes 'beedi' onboard IndiGo flight, arrested at Mumbai airport

A 42-year-old man has been arrested after he allegedly smoked a beedi inside a lavatory onboard a Riyadh-bound IndiGo flight, a Mumbai Police official said on Tuesday raising concerns over security as the passenger had managed to pass through pre-boarding check-in at the Delhi airport. He was handed over to the police by cabin crew after the Delhi-Mumbai-Riyadh flight landed at the city airport on Monday. Shockingly, the accused managed to sneak in a lighter and a beedi with him when he boarded the flight at the Delhi airport on Monday, the official said. A labourer by profession, the accused, identified as Mohammed Fakruddin Mohammed Ammuruddin, was flying to Riyadh on a connecting flight via Mumbai. "The incident came to light when a flight security official noticed smoke in its lavatory mid-air after Ammuruddin exited it," the official said. After the flight landed in Mumbai, the man was detained by the cabin crew and the police were informed, he said. He said Ammuruddin told

Airlines cancel 12 Mumbai routes due to congestion; airfares rise 193%

IndiGo, India's largest carrier, has been the most severely affected by the congestion-induced cancellations

Collision of 2 IndiGo planes averted in November; AAIB probing incident

The two planes came dangerously close shortly after departing from Delhi airport

IndiGo flight from Chennai to Mumbai gets bomb threat, police file case

Mumbai Airport Police registered a case against an unknown person and initiated an investigation into the matter

Passenger finds screw in food, IndiGo says not reported during journey

An IndiGo passenger has claimed that he found a screw in a sandwich served by the airline, which on Tuesday said the issue was not reported to it during the journey. The passenger shared his experience on social media along with a picture of the sandwich that he had after deboarding the aircraft. "We are aware of the image circulating on social media with reference to a customer sharing their experience on flight 6E-904 operating between Bengaluru- Chennai on February 1, 2024. The issue was not reported by the passenger during the journey," IndiGo said in a statement. The airline said it regretted the inconvenience caused to the passenger but did not specify details about the image that was being circulated. "Our in-flight meals are sourced from reputable and highly regarded caterers to maintain the highest standards of quality and hygiene. We regret the inconvenience caused to the passenger and remain committed to providing the best possible in-flight experience and ensuring ...