The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff
The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff
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
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 ...
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 ...
DIAL did not share any comment on IndiGo's representation
The airline has not yet announced dates for its Hyderabad-Tirupati and Hyderabad-Rajahmundry service
Airline says it can't make changes to operations at short notice, asks SpiceJet to consider shifting to terminal 2
The proposal entailed that their flight operations - namely Delhi-Kolkata, Delhi-Bangalore and Delhi-Mumbai - be shifted to T2
The verbal altercation was triggered after Narayan was asked to pay for carrying excess baggage on-board
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
Plans to offer 30% lower fares aided by its low-cost structure
The company will earn more than 5,000 crore through sale of shares
As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the co
Currently, there are more than 30 private sector firms in the listed space where promoter shareholding needs to be pared
Engine snag has slowed down delivery of A320 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 ...
Flying at 30,000 feet was leading to more fuel consumption but no solution to engine problems
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
To offer up to 50% lower fares on regional routes; up to 25% lower on international flights