Page 9 - Indigo Airlines

Pratt and Whitney upset with DGCA's decision of grounding A320neo planes

Grounded Indian planes will be up in air by end of April says company president

Lessons from Neo fiasco: As drama played out, cracks and crevices emerged

Intense rivalry among airlines makes matters worse

One more IndiGo A320neo grounded, P&W engine woes continue

Budget carrier IndiGo today grounded one more A320 Neo fitted with Pratt&Whitney engine due to "oil chip issue" taking the total number of such planes on ground to seven. IndiGo confirmed the grounding of the plane bearing registration no VT-ITK after completing its flight to New Delhi from Kochi today. "VT-ITK (Neo) operating COK-DEL (Cochi-New Delhi) was alerted with an 'oil chip' message on engine no 1 post landing at Delhi. As a part of troubleshooting, aircraft was withdrawn at Delhi," IndiGo said in a statement. Significantly, aviation regulator Directorate General of Civil Aviation (DGCA) had grounded eight of IndiGo A320 Neo planes on March 12 along with three of GoAir due to safety issues. "Including this aircraft, IndiGo now has seven NEOs grounded," the airline said in a statement.

IndiGo's Gangwal says won't sell stake amid feud with partner Rahul Bhatia

Gangwal, teamed up with Bhatia -- a former airline sales agent -- to create IndiGo in 2005, which quickly outpaced rivals to control almost half of the local market

InterGlobe Aviation, Avenue Supermarts, MRF hit new highs

Apollo Tyres, Nestle India, SRF and Steel Strips Wheels too hit their respective record highs in intra-day trade today

Aditya Ghosh decides to move on after almost a decade in IndiGo cockpit

Sector watchers said the development was not a surprise as IndiGo is planning for the takeoff of its next phase of growth

IndiGo share price falls before Aditya Ghosh's resignation under Sebi lens

Stock price fell 6.3% on Friday before the announcement

IndiGo loses 73% net in Q4 on high fuel costs and competitive pressure

The management indicated the falling yields, over the first four months of the current calendar year, have started to reverse over the past week

IndiGo shares plunge to seven month low on dismal earnings

Citi cut its target price to Rs 1,240 from Rs 1,600, while Morgan Stanley trimmed it to Rs 1,205 from Rs 1,213

Proxy advisor pulls up IndiGo promoters for poor board meeting attendance

While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board

Bhatia vs Gangwal: IndiGo headed for a stormy board meet on Friday

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

IndiGo promoter spat: Bhatia group says Gangwal limited his financial risks

Noting that Gangwal has much to answer, the Bhatia group wondered whether there is sanctity in agreements entered into by business people freely and at their own will

How IndiGo board can resolve Rakesh Gangwal-Rahul Bhatia dispute

Experts put the onus on the InterGlobe board to help resolve the Gangwal-Bhatia dispute over governance, control

Battle for IndiGo: What led to the bitter public spat between two promoters

The first of a two-part series throws light on the developments that led to the bitter public spat between the two promoters of India's largest airline

IndiGo promoters' spat: Board to question Rakesh Gangwal on July 19

The board will also take a decision on whether to call for an external audit of Gangwal's personal expenses

IndiGo promoter dispute: Gangwal limited financial risks, says Bhatia camp

Rahul Bhatia claims he has played more significant role and undertaken financial risks

Rahul Bhatia-owned InterGlobe says it underwrote IndiGo's financial risk

A dispute between the founders of one of Asia's biggest budget carriers is deepening

Battered & bruised: How mistrust led to feud between two IndiGo co-founders

While the relationship between the two partners had deteriorated since August 2018, one last attempt at reconciliation was made at a meeting held in the offices of Bhatia's lawyer on May 28 this year

The IndiGo drama

Many theories are doing the rounds about the sudden leadership change at India's largest airline

IndiGo wants to offer Wi-Fi in the sky; DoT to meet telecom operators soon

The DoT will create a separate category of such licences