Page 33 - Indigo

IndiGo promoters' war reaches Sebi: Rakesh Gangwal raises governance issues

RPTs relate to deals IndiGo has entered into for the hotel accommodation of its crew, simulators for crew training, and the office space the airline uses in the country

IndiGo promoters should have managed disagreements better, say analysts

A proposal by one of the promoters to implement a code of conduct for related party transactions may independently be seen as a step in the right direction towards strengthening corporate governance s

IndiGo promoters' spat out in the open; Gangwal alleges governance lapses

Gangwal and his affiliates have around 37 per cent stake in InterGlobe Aviation while Bhatia and his affiliates (IGE Group) have about 38 per cent

Sebi seeks details from IndiGo on co-promoter complaints about deviations

Sebi has been probing the matter since reports surfaced about differences between the two key promoters

Total 705 routes awarded under UDAN, 174 are operational: Aviation Minister

Based on their assessment of demand on particular routes, the airlines submit proposals at the time of bidding under UDAN scheme from time to time

Indigo assigns pilot training contract to academy in New Zealand

Prior to moving to New Zealand, the applicants will be shortlisted through an "extensive pilot selection process" in India that will have its final approval, the airline said

IndiGo hikes cancellation fees for flights within 3 days of departure

If the cancellation or detail change is done on a domestic ticket at any time apart from the aforementioned three-day period, the fees would remain at Rs 3,000 and Rs 2,500 respectively

IndiGo moves away from Pratt & Whitney, places $20-bn order for CFM engines

CFM International will deliver the first engine by 2020

IndiGo places $20-bn engine order for future fleet of 280 Airbus aircraft

IndiGo has been a CFM customer since 2016 and currently operates a fleet of 17 A320ceo aircraft powered by CFM56-5B engines

IndiGo enters China, to start flights on Delhi-Chengdu route from Sept 15

While the low-cost carrier is operating on five other international routes in Asia, the new flight from September 15 will make Chengdu the airline's 19th international destination

IndiGo announces special summer sale, fares start as low as Rs 999

IndiGo is offering customers all-inclusive fare starting at Rs 999 across domestic and Rs 3,499 across international sectors

With 50% market share, IndiGo faces flak over monopoly and domination

Flying high, IndiGo encounters turbulence from competitors

Avoid the 'template' approach

When the holding of each promoter is significantly high, an open ended SHA can lead to major turbulence in the organisation as is in the case of Indigo where each promote

IndiGo picks Pratt & Whitney rival CFM for LEAP1-A engines, deal soon

IndiGo's deal with CFM could be announced during the Paris Air Show to be held from June 17 to 23

India's low-cost conqueror, Indigo, is coming for the likes of Emirates

In taking on the Gulf carriers, Indigo will have to go to war with deep-pocketed rivals in a market that's thick with political risk

IndiGo Q4 profit up 400% to Rs 590 crore, rules out slowdown fears

CEO says Jet Airways closure led to structural change in Indian market

Indigo founders differ only on 'one issue', says CEO Ronojoy Dutta

"There are absolutely no differences on strategy, international expansion and management selection," CEO Ronojoy Dutta said in a conference call with analysts on Monday

IndiGo Q4 reports five-fold jump to Rs 589 cr, sees opportunities ahead

The low-cost carrier said that its annual net profit for 2018-19 stood at Rs 156.1 crore, which was 93 per cent less than Rs 2,242.4 crore for the 2017-18 fiscal

IndiGo's market share touches 50% on Jet closure, 737 Max grounding

Breaking 50-month growth streak, domestic air passenger traffic falls by 4.5% in April

No desire to take IndiGo's control, says co-promoter Rakesh Gangwal

CEO Ronojoy Dutta asks media not to speculate, says will hear if differences not resolved