Business Standard

Page 31 - Indigo

IndiGo fires staffer who shot passenger assault video, Twitter outraged over incident

The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff

IndiGo fires staffer who shot passenger assault video, Twitter outraged over incident
Updated On : 08 Nov 2017 | 11:37 AM IST

Watch: IndiGo staff manhandle passenger at Delhi airport, govt seeks report

The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff

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Updated On : 08 Nov 2017 | 10:36 AM IST

Pratt & Whitney boosts IndiGo net profit by record 294%

The airline's net profit for the second quarter of 2017-18 was Rs 551.55 crore, up from Rs 139.84 crore in the same period a year ago

Pratt & Whitney boosts IndiGo net profit by record 294%
Updated On : 01 Nov 2017 | 9:40 AM IST

IndiGo net up 4-fold to Rs 551.5 cr helped by compensation from P&W, Airbus

InterGlobe Aviation-run IndiGo today reported a massive spike in September quarter net at Rs 551.5 crore boosted by a one-time payment towards engine issues and delayed aircraft deliveries and higher margins. The largest airline that controls over 38 per cent of the domestic air passenger market had reported a 139.8 crore net income in the corresponding quarter last fiscal year. For the reporting quarter, net soared 294.4 per cent. The airline said the bottom line was boosted by a massive 710 bps spike in profit margins to 10.4 per cent from 3.4 per cent a year ago. "Profitability was favourably impacted by better revenue management and credit received from manufacturers related to aircraft grounding and delivery delays," the airline said in an exchange filing without disclosing the quantum of payments it has received from Airbus for delayed deliveries of A320 Neos and also from the American engine maker Pratt & Whitney. However, it said its other income rose over ...

IndiGo net up 4-fold to Rs 551.5 cr helped by compensation from P&W, Airbus
Updated On : 31 Oct 2017 | 5:20 PM IST

Pratt & Whitney inks 10-year pact with IndiGo for ATR engine maintenance

Global engine maker Pratt & Whitney (P&W) today said it has entered into an agreement with IndiGo under which it will provide maintenance services to the budget airline's ATR 72-600 planes' engine fleet, to be used for regional operations. The two partners signed the pact in August, P&W said in a statement today. The 'Fleet Management Program' (FMP) maintenance contract with IndiGo for PW127M engines, that will power the airline's new fleet of ATR72-600 aircraft serving regional routes in India, will be in place for 10 years from the date of each engine's entry into service, and it can be extended further, Pratt & Whitney Canada (P&WC) said in a statement. P&WC is a subsidiary of United Technologies Corp of the US. "This FMP will provide IndiGo with hands-on support as the engines progressively enter into service on the airline's new ATR72-600 fleet. IndiGo also chose to equip each of its new aircraft with our FAST (flight, acquisition, storage ...

Pratt & Whitney inks 10-year pact with IndiGo for ATR engine maintenance
Updated On : 24 Oct 2017 | 3:49 PM IST

IndiGo says Delhi airport's order on terminal shifting illegal

DIAL did not share any comment on IndiGo's representation

IndiGo says Delhi airport's order on terminal shifting illegal
Updated On : 17 Oct 2017 | 12:36 AM IST

IndiGo to launch ATR operations from Hyderabad on December 21

The airline has not yet announced dates for its Hyderabad-Tirupati and Hyderabad-Rajahmundry service

IndiGo to launch ATR operations from Hyderabad on December 21
Updated On : 17 Oct 2017 | 12:30 AM IST

IndiGo dials SpiceJet on terminal issue at Delhi

Airline says it can't make changes to operations at short notice, asks SpiceJet to consider shifting to terminal 2

IndiGo dials SpiceJet on terminal issue at Delhi
Updated On : 13 Oct 2017 | 12:19 AM IST

IndiGo says shifting partial operations to IGI Terminal 2 'unworkable'

The proposal entailed that their flight operations - namely Delhi-Kolkata, Delhi-Bangalore and Delhi-Mumbai - be shifted to T2

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Updated On : 10 Oct 2017 | 3:07 PM IST

Watch: Aditya Narayan misbehaves with IndiGo staff, apologises later

The verbal altercation was triggered after Narayan was asked to pay for carrying excess baggage on-board

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Updated On : 03 Oct 2017 | 10:08 AM IST

IndiGo grounds one more Airbus A320 neo plane

Budget carrier IndiGo has grounded one more Airbus A320 neo plane after it was forced to return to Bhubaneswar following high engine vibrations experienced by the aircraft on the way to Bengaluru. Since their induction in March last year, the A320 neo planes in IndiGo fleet are going out of operations at a regular interval due to the frequent glitches in the Pratt & Whitney engines, which power these planes. The airline currently has 140 A320s, of which 23 are A320 Neos. Though the US engine maker has started supplying new engines to the country's largest airline by market share which has helped it put some of the grounded planes back into flying, many of such planes remain out of operations, including the one which was grounded in Bhubaneshwar on September 20. Last week, a senior official at the Directorate General of Civil Aviation (DGCA) had said that as many as six A320 neo planes of IndiGo were on ground and awaiting engine replacement. "On September 20, IndiGo

IndiGo grounds one more Airbus A320 neo plane
Updated On : 24 Sep 2017 | 7:18 PM IST

IndiGo plans to offer business class seats on long-haul flights

Plans to offer 30% lower fares aided by its low-cost structure

IndiGo plans to offer business class seats on long-haul flights
Updated On : 15 Sep 2017 | 4:59 AM IST

IndiGo's huge cash reserve to be used on capacity building

The company will earn more than 5,000 crore through sale of shares

IndiGo's huge cash reserve to be used on capacity building
Updated On : 13 Sep 2017 | 12:29 AM IST

IndiGo clears issuance of 33.6 mn equity shares to institutional buyers

As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the co

IndiGo clears issuance of 33.6 mn equity shares to institutional buyers
Updated On : 12 Sep 2017 | 10:12 AM IST

IndiGo promoters to offload stake through IIP route

Currently, there are more than 30 private sector firms in the listed space where promoter shareholding needs to be pared

IndiGo promoters to offload stake through IIP route
Updated On : 12 Sep 2017 | 1:54 AM IST

IndiGo eyes wet lease to cash in on winter traffic

Engine snag has slowed down delivery of A320 aircraft

IndiGo eyes wet lease to cash in on winter traffic
Updated On : 11 Sep 2017 | 4:30 AM IST

IndiGo may participate in second round bids for UDAN; to buy 50 aircraft

Low-cost carrier Indigo is likely to participate in the second round of bidding in the Regional connectivity scheme, popularly known as the UDAN (Ude Desh ka Aam Naagrik).To reap the benefit of the RCS, IndiGo had announced its plans to buy 50 ATR 72-600 aircraft worth $1.3 billion. France based ATR is the world leader for below 90-seater regional aircraft."The government has come up with the policy (RCS)- the first round of bidding has already taken place and second round of bidding is going to happen now. There are a lot of airstrips which are not connected with the country like Agra. Now, we have placed an order of 50 ATRs for induction into the fleet that will help us capture this opportunity in a big way", said Sanjay Kumar, Chief Commercial Officer of Indigo Airlines.Kumar was speaking here at the 33rd annual convention of Indian Association of Tour Operators (IATO).He said that the new policy is a big incentive for airline operators not only of Indigo's size but also for the ...

IndiGo may participate in second round bids for UDAN; to buy 50 aircraft
Updated On : 08 Sep 2017 | 7:07 PM IST

IndiGo removes altitude restriction on the snag hit planes

Flying at 30,000 feet was leading to more fuel consumption but no solution to engine problems

IndiGo removes altitude restriction on the snag hit planes
Updated On : 02 Sep 2017 | 1:51 AM IST

IndiGo to look at GE engines for A320 neo planes: Aditya Ghosh

IndiGo will also look at GE engines for its planned 280 A320 neo planes, its President Aditya Ghosh said today amid the airline grounding some of its neo fleet due to the Pratt & Whitney engine issues. Addressing shareholders at the annual general meeting here, he also said the airline expects to have 20 turbo prop aircraft by January 2019. As part of ambitious expansion plans, IndiGo is keen on opportunities in the regional aviation market as well as low cost long haul international flights. The no-frills airline, which has the largest share in the domestic aviation market, has placed orders with Airbus for 430 neo (new engine option) aircraft, which burn less fuel. Ghosh, who is also a Whole Time Director, said the issues related to its A320 neos are due to two specific components of P&W engines wearing out faster than expected even as he assured it is not a safety issue. "Our engine supplier P&W is implementing some design changes and we believe

IndiGo to look at GE engines for A320 neo planes: Aditya Ghosh
Updated On : 28 Aug 2017 | 4:50 PM IST

IndiGo scripts plan to fly higher via cheaper fares, fleet expansion

To offer up to 50% lower fares on regional routes; up to 25% lower on international flights

IndiGo scripts plan to fly higher via cheaper fares, fleet expansion
Updated On : 28 Aug 2017 | 2:23 AM IST