Page 30 - Indigo

IndiGo crisis: My independence never questioned before, says M Damodaran

The independence of the board doesn't depend on numbers, says M Damodaran

DGCA asks P&W to deliver modified A320, A321 Neo engines in advance

The modified engines will eliminate the snags of A320 and A321 Neo

DGCA calls urgent meeting with IndiGo, GoAir on Airbus Neo's performance

Aviation regulator DGCA called an urgent meeting with Indigo and GoAir on Wednesday to review the performance of the Airbus Neo aircraft in their fleets. According to sources, the issues related to the A320 Neo aircraft's Pratt & Whitney (P&W) engine -- which both the airlines haves been facing for years -- will be discussed at the meeting. The two budget carriers have been facing glitches in the P&W engine that powers many of their A320 planes. The Directorate General of Civil Aviation (DGCA) has also requested P&W to supply spare engines to the airlines to expedite the process of replacing the old engines. Currently, there are around 400 A320 neo planes flying with the old engines worldwide. Out of these, 120 to 130 aircraft are flown by IndiGo and GoAir, the sources said. IndiGo has 79 A320 neos, five A321 neos, 134 A320s and 18 ATRs in its fleet of 236 aircraft. GoAir operates 35 A320 neos and 16 A320s. The P&W engine-powered A320 neo planes in the fleets of ...

Top 10 biz headlines: Realty, exports boost this week, DDT may go & more

From govt readying a package to help boost exports and real estate to the Direct Taxes Code panel recommending abolishing of dividend distribution tax, here are the top business headlines on Wednesday

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Top events today: IndiGo AGM, minority affairs team meet in J&K, and more

External Affairs Minister S Jaishankar is slated to meet his Russian counterpart, Sergey Lavrov, in Moscow on August 27

Rahul Bhatia may show strength at IndiGo AGM today; Rakesh Gangwal to skip

Plans to assure investors about governance; Gangwal won't attend

IndiGo's Rakesh Gangwal says he will support resolution on expanding board

Resolution will come up for approval at the company's AGM on Tuesday

Ahmedabad-bound IndiGo aircraft returns to Mumbai airport after engine snag

It was a VT-IVZ plane, an A320neo aircraft with a Pratt and Whitney engine

Nagpur-Delhi flight with Gadkari on board fails to take off due to glitch

Gadkari was scheduled to travel to Delhi from Nagpur in IndiGo's flight 6E-636 in the morning

IndiGo's value has to be preserved; will see if companies law broken: Govt

Rakesh Gangwal and Rahul Bhatia -- promoters of the country's largest airline IndiGo -- are fighting over corporate governance matters

IndiGo's independent director Anupam Khanna flags tremendous trust deficit

At present, InterGlobe Aviation -- parent of the country's largest airline IndiGo -- has six board members

Gangwal's fear over Bhatia's group does no credit to directors: Damodaran

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

IndiGo spat resurfaces, Gangwal says he won't vote to expand board

Gangwal, his family and his family trust together own about 37% of the shares in the airline

Srinagar-Delhi flights: Air India, IndiGo slash rates after security alert

On Friday, the Indian Army, citing intelligence inputs, had said Pakistan-based terrorists were planning to target the ongoing Amarnath Yatra

IndiGo promoters Bhatia, Gangwal reach compromise as Chairman brokers peace

Related-party transaction policy to be amended; promoters agree on new board structure

IndiGo chairman brokers truce between Gangwal and Bhatia: Reports

The board of InterGlobe Aviation has approved a new policy on related party transactions

IndiGo board approves new policy on related party transactions: Report

Sources said the policy on related party transactions (RPTs) was approved by the board unanimously

India Inc sees related-party transactions drying up on increased scrutiny

A look at the numbers show that the value of such transactions grew slower than net sales and total assets

No differences among Indigo promoters on growth strategy: CEO Ronojoy Dutta

During a conference call to discuss the June quarter financial results, Dutta said the board meeting would continue on Saturday