Page 11 - Indigo Airlines

Near-miss between IndiGo and SpiceJet at IGI due to ATC lapse: Govt

According to sources, the SpiceJet plane was awaiting ATC clearance for take off for over 90 minutes

Airlines stocks trade weak; InterGlobe Aviation down 4%

InterGlobe Aviation, SpiceJet and Jet Airways were trading lower in the range of 1% to 4% on the BSE.

IndiGo Q1 preview: Jet Airways' closure, oil price fall to drive earnings

Markets await more clarity on Gangwal-Bhatia spat and hope for an early resolution.

From IndiGo board meet to RIL results, here are the top events of the day

The CPSE ETF FFO will be open for retail subscription on Friday. The Centre is looking to mobilise up to Rs 10,000 crore through the latest FFO

EY finds no major lapses in IndiGo dealings after Gangwal points finger

Audit done after co-promoter Gangwal questioned related-party transactions

Govt seeks explanation from IndiGo on issues raised by Rakesh Gangwal

The government has sought explanations from InterGlobe Aviation on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal. In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint. The Registrar of Companies (RoC), National Capital Territory of Delhi & Haryana has sought "certain information/explanations" in relation to Gangwal's complaint. "The company will respond to MCA within the prescribed period," the filing said. Explanations have been sought under Section 206(4) of the Companies Act, 2013. Section 26 provides powers for the ministry to call for information, inspect books and conduct inquiries. The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation, especially certain related party transactions entered into by co-founder Rahul Bhatia's

Aircraft grounding: No abnormal increase in airfares, clarifies Centre

Minister of State for Civil Aviation Jayant Sinha said his ministry has been monitoring prices on the impacted routes

Another IndiGo Airbus A320 grounded; this time because of fuel leak

On March 13, Directorate General of Civil Aviation (DGCA) grounded 11 Airbus 320 Neo aircraft owned by Indigo Airlines and Go Air following multiple instances of engine-related problems

T2 shift: IndiGo, SpiceJet report smooth transition and no delays

Operations at the terminal kicked off 12 am onwards on Sunday

IndiGo, IndusInd Bank, Bharat Financial, Apollo Tyres hit 52-week highs

Britannia, Dilip Buildcon, Firstsource Solutions, Lakshmi Machine Works, MRF, Nestle India and TV18 Broadcasting were among 11 stocks from the S&P BSE500 index hitting their respective 52-week highs

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