Page 40 - Indigo

IndiGo may participate in second round bids for UDAN; to buy 50 aircraft

Low-cost carrier Indigo is likely to participate in the second round of bidding in the Regional connectivity scheme, popularly known as the UDAN (Ude Desh ka Aam Naagrik).To reap the benefit of the RCS, IndiGo had announced its plans to buy 50 ATR 72-600 aircraft worth $1.3 billion. France based ATR is the world leader for below 90-seater regional aircraft."The government has come up with the policy (RCS)- the first round of bidding has already taken place and second round of bidding is going to happen now. There are a lot of airstrips which are not connected with the country like Agra. Now, we have placed an order of 50 ATRs for induction into the fleet that will help us capture this opportunity in a big way", said Sanjay Kumar, Chief Commercial Officer of Indigo Airlines.Kumar was speaking here at the 33rd annual convention of Indian Association of Tour Operators (IATO).He said that the new policy is a big incentive for airline operators not only of Indigo's size but also for the ...

IndiGo removes altitude restriction on the snag hit planes

Flying at 30,000 feet was leading to more fuel consumption but no solution to engine problems

IndiGo to look at GE engines for A320 neo planes: Aditya Ghosh

IndiGo will also look at GE engines for its planned 280 A320 neo planes, its President Aditya Ghosh said today amid the airline grounding some of its neo fleet due to the Pratt & Whitney engine issues. Addressing shareholders at the annual general meeting here, he also said the airline expects to have 20 turbo prop aircraft by January 2019. As part of ambitious expansion plans, IndiGo is keen on opportunities in the regional aviation market as well as low cost long haul international flights. The no-frills airline, which has the largest share in the domestic aviation market, has placed orders with Airbus for 430 neo (new engine option) aircraft, which burn less fuel. Ghosh, who is also a Whole Time Director, said the issues related to its A320 neos are due to two specific components of P&W engines wearing out faster than expected even as he assured it is not a safety issue. "Our engine supplier P&W is implementing some design changes and we believe

IndiGo scripts plan to fly higher via cheaper fares, fleet expansion

To offer up to 50% lower fares on regional routes; up to 25% lower on international flights

IndiGo lures its A320 pilots to fly turboprop planes

IndiGo had ordered 50 ATR-72 planes in May to foray into regional aviation

12 planes grounded due to engine shortages: IndiGo

IndiGo, which flies four in every 10 Indian air passengers, operates around 900 daily flights

No new flight cancellations have been made, says IndiGo

They further clarified that eight Neo (new engine option) planes of IndiGo are grounded

IndiGo grounds 13 neo planes, cancels 84 flights over engine issues

The Airline is facing issues with its Pratt and Whitney made engines on its Airbus A320 neo planes

IndiGo plans 85 flights a day on regional routes

Airline to connect 13 destinations, mostly religious and industrial hubs

Sale-and-leaseback: Why did IndiGo kill its golden goose?

The model is considered to be a basic fundamental behind the company's success story

IndiGo offers special fares starting at Rs 1,111 for 11th anniversary sale

The offer is available on first-come-first serve basis and non-refundable, the airline added

Strong passenger volume help Indigo boost June quarter performance

Change in operating model and issues related to the Airbus A320neo will be key triggers

IndiGo might shift from sale and leaseback model

Owning aircraft may impact dividend payout

Why IndiGo is betting on low fare for long-haul

IndiGo is eager to take its pared-down model to UK, Europe, though carriers have stayed away

Now, fly to Doha, Mumbai from Calicut airport in IndiGo, Jet Airways

Calicut is connected with Bengaluru, Chennai, Kochi, Mumbai, Thiruvananthapuram, Delhi via Mumbai

Equity MFs press exit button on IndiGo despite spike in passenger growth

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 ...

Indigo to cut promoter share soon

Promoter shareholding in InterGlobe Aviation is 85.9%; needs to be brought down to 75%

Engine snag forces IndiGo to ground 7 new aircraft

GST confusion adds to the chaos

24 global destinations: Can IndiGo digest Air India's international operations?

IndiGo doesn't want Air India's debt but yearns for its international operations

IndiGo will strike gold if Air India's global business is sold separately

Selling Air India's businesses separately makes sense for IndiGo, but it may cap earnings for govt