Interglobe

InterGlobe Aviation stock hits an air-pocket in Jan-Mar quarter of FY24

The airline has added more domestic routes, totalling 400 across 88 destinations and added more international routes, totalling 100 across 33 international destinations

InterGlobe, Assago set up AI business venture AIonONS; eyes partnerships

Rahul Bhatia-led diversified InterGlobe Enterprises has partnered with technology veteran C P Gurnani's Assago to launch an artificial intelligence business venture AIonONS that will provide various solutions as well as look to partner with startups. InterGlobe has a significant presence in the Travel, Transportation, Logistics, and Hospitality (TTLH) segment, and the country's largest airline IndiGo is part of the group. At a briefing in the national capital on Tuesday to announce the joint venture, Bhatia, Group Managing Director of InterGlobe, said AIonOS is aimed at enabling businesses to accelerate their digital transformation by enhancing human and system capabilities with AI powered solutions. During a joint interaction with Bhatia and Gurnani post announcement, Gurnani said the addressable market for the company is estimated to be USD 150 billion. Gurnani is the Executive Vice Chairman of AIonOS and Chairman of Assago, his family office. "We straddle different businesses,

IndiGo pays revised penalty of Rs 20 lakh to DGCA over 4 tail strikes

InterGlobe aviation -- the parent company of IndiGo -- said on Thursday that it has paid Rs 20 lakh towards revised penalty to the aviation safety regulator DGCA for four tail strikes involving some of its aircraft. The Directorate General of Civil Aviation (DGCA) had in July issued a showcause notice to the company alleging four tail strikes on IndiGo's A321 aircraft and subsequently imposed a fine of Rs 30 lakh, InterGlobe aviation said in a regulatory filing. "The company had filed an appeal against the said (Rs 30 lakh penalty) order. DGCA considered submissions made by the company in support of the appeal and revised the penalty to Rs 20-lakh vide its order dated October 13, 2023, to be paid within 30 days of the order," the company said in the filing. Accordingly, the penalty was paid on November 9, InterGlobe Aviation said.

InterGlobe plans to launch electric air taxi service in India in 2026

InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances. InterGlobe Enterprises is an Indian travel conglomerate and the country's largest airline IndiGo is part of it. Archer Aviation is a leading player in electric vertical takeoff and landing (eVTOL) aircraft. The two companies plan to launch an all-electric air taxi service across the country in 2026. "In addition to urban air taxi services, the parties plan to pursue a .

InterGlobe, UPS in 50:50 joint venture to dive into India logistics market

Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

HC rejects IndiGo co-promoter Gangwal's plea on directive to call for EGM

Sources said partner Rahul Bhatia may challenge London Court of Arbitration's order which instructs to relax provision of share transfer by promoters

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

IndiGo operator InterGlobe's Q1 profit falls 97% to Rs 277.9 million

Revenue from operations rose 13.2 per cent to Rs 65.12 billion