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Friday, November 1, 2024
TopicIndigo

Topic: Indigo

IndiGo co-founder Rakesh Gangwal’s family to sell shares worth $450 million, CNBC-TV18 reports

The offer floor price for the sale by Gangwal and his wife Shobha is set at Rs 2,400 per share — nearly a 6% discount on the current market price.

IndiGo fined Rs 30 lakh for tail strikes. What they are & why they cause problems

A tail strike occurs when an aircraft's tail makes contact with runway during take-off or landing. IndiGo saw 4 tail strikes in 6 months, resulting in fine last week from DGCA.

DGCA slaps Rs 30 lakh fine on Indigo after special audit finds ‘deficiencies’

The special audit was carried out on the airline following a series of tail strike incidents on A321 aircraft this year.

‘To minimise potential impact’: IndiGo in talks with Pratt & Whitney amid latest engine probe

The Indian budget carrier placed a record order for 500 narrowbody jets from Airbus recently, while it already has 480 carriers in store from previous orders.

India’s aviation industry has no cycles of boom or bust. It’s constant headwinds, tailwinds

IndiGo and Air India have bought a record number of aircraft, 500 and 470. But India’s aviation industry bleeding red

Record jet orders by Air India, IndiGo boost domestic parts-making, aircraft repairs in India

The country's repair and overhaul industry is expected to grow to $4 billion by 2031, up from $1.7 billion in 2021, consultancy Deloitte said.

IndiGo places largest order in aviation history — 500 aircraft from Airbus

IndiGo, India's largest airline by market share, placed order months after rival Air India announced it would buy 470 aircraft — 250 from Airbus & 220 from Boeing.

GoFirst crisis: IndiGo biggest gainer; Air India too sees uptick in market share in May

Akasa Air saw an increase of 0.8% from 4% to 4.8%. However, SpiceJet, which is struggling with financial woes and grounded aircrafts, saw its market share fall to 5.4% in May from 5.8% in April.

IndiGo co-founder’s family likely to sell stake upto $909.58 million, reports CNBC Awaaz

Rakesh Gangwal and Rahul Bhatia, who co-founded IndiGo in 2006, fell out in early 2020 when the former sought to modify certain rules in the company's articles of association.

IndiGo announces 6 new direct flights to international destinations from Delhi & Mumbai

The flights to Kenya, Indonesia, Georgia, Azerbaijan, Uzbekistan and Kazakhstan will start from July this year.

On Camera

16th BRICS Summit was about building dollar-free world order. India can use it to expand trade

For New Delhi, a USD-free system is not an immediate priority nor an existential necessity to unconditionally support the China-Russia agenda.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.