Change in board structure positive; consensus on RPT policy key factor
On August 30, the aviation regulator had said it was keeping a tab on the issues related to the PW engines in the Airbus A320neo planes and that it would act when warranted
IndiGo's operations at the city airport were hit hard with the carrier cancelling many flights on Wednesday following incessant rains in the city
Resolution will come up for approval at the company's AGM on Tuesday
SpiceJet will shift its operations entirely while IndiGo will move partially from T2 to T3. Delhi International Airport Limited said, it is carrying out expansion work at T2
The aircraft returned to bay for requisite checks after the pilot observed a 'momentary caution message', the airline said
Sebi has been probing the matter since the differences between the two promoters surfaced recently over certain related-party transactions
The differences between the two promoters came into the public view after Gangwal, last month, sought markets regulator Sebi's intervention to address alleged corporate governance issues at the firm
Gangwal, his family and his family trust together own about 37% of the shares in the airline
Gangwal and Rahul Bhatia -- promoters of the country's largest airline IndiGo -- are locked in a bitter battle over alleged corporate governance lapses
Gangwal's decisions are being overturned as partner Rahul Bhatia tries to make IndiGo his own
Jet assets include three B737 planes, 49.9% stake in Jet Privilege, and slots across domestic and international airports
The board of InterGlobe Aviation has approved a new policy on related party transactions
Sources said the policy on related party transactions (RPTs) was approved by the board unanimously
IndiGo's promoters, Rahul Bhatia and Rakesh Gangwal, have publicly fallen out after Gangwal wrote to Sebi alleging lack of corporate governance in the company
Former Pepsico CEO Indra Nooyi, former HP India head Neelam Dhawan said to have been approached
The board's size will be expanded to 12 directors from the current six once the shareholders' approval is obtained
In a departure from the regular practice, the company's board meeting has been stretched to two days
The profit beat analysts' expectations, who had estimated a profit between Rs 608 crore and Rs 859 crore.
Aircrafts of both the airlines came face-to-face on the runway at IGI airport