IndiGo had ordered 50 ATR-72 planes in May to foray into regional aviation
IndiGo, which flies four in every 10 Indian air passengers, operates around 900 daily flights
They further clarified that eight Neo (new engine option) planes of IndiGo are grounded
The Airline is facing issues with its Pratt and Whitney made engines on its Airbus A320 neo planes
Airline to connect 13 destinations, mostly religious and industrial hubs
The model is considered to be a basic fundamental behind the company's success story
The offer is available on first-come-first serve basis and non-refundable, the airline added
Change in operating model and issues related to the Airbus A320neo will be key triggers
Owning aircraft may impact dividend payout
IndiGo is eager to take its pared-down model to UK, Europe, though carriers have stayed away
Calicut is connected with Bengaluru, Chennai, Kochi, Mumbai, Thiruvananthapuram, Delhi via Mumbai
Several top fund managers have exited the counter of InterGlobe Aviation, which operates the country's largest airline by market share, IndiGo. Put together, fund mangers sold shares worth Rs 120 crore of IndiGo in June. This came even as the airline recorded the fastest domestic passenger growth rate, of 26 per cent.HDFC Mutual Fund, UTI MF and DSP BlackRock MF completely liquidated their holdings in IndiGo in June, amid its shares trading near record levels. On Friday, shares of IndiGo closed at Rs 1,241.7, around four cent below its one-year high of Rs 1,292, touched earlier this month."We have been investors in the company since its listing. Most of our schemes have benefited from a good rally in the counter. So, it was a profit-booking exercise, on the back of a not-favourable outlook for the aviation sector this year. However, what triggered selling was a sudden interest shown by the company in Air India," said a fund manager.Adding: "IndiGo continues to be the best bet for ...
Promoter shareholding in InterGlobe Aviation is 85.9%; needs to be brought down to 75%
GST confusion adds to the chaos
IndiGo doesn't want Air India's debt but yearns for its international operations
Selling Air India's businesses separately makes sense for IndiGo, but it may cap earnings for govt
Integration of multiple aircraft, employee and maintenance costs would be key challenges
In an investor call, IndiGo founders lay out the airline's long-term plans
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low
Aditya Ghosh took a daring step while expressing interest in acquiring the debt-laden AI