IndiGo declines 4% after DGCA asks airline to replace faulty engines

Last month, DGCA had asked the airline to change engines on 16 of its Airbus A320neos, following three instances of aircraft turning back within a span of 4 days.

InterGlobe Aviation, parent company of budget carrier IndiGo, slipped 4.2 per cent to Rs 1,389 apiece on the BSE in the early morning deals in Tuesday after aviation regulator Directorate General of Civil Aviation (DGCA) barred the operator from operating Airbus A320 and 321 Neo aircraft having turbine blades built with titanium, which is prone to damage leading to mid-air engine shut down.

At 10:02 AM, the stock was trading 1.6 per cent lower at Rs 1,426.95 per share, as against a 0.45 per cent rise in the S&P BSE Sensex. About 0.8 millino shares have changed hands on the