Indigo

Air India, IndiGo, AAIB to appear before parliamentary panel on Nov 2

Representatives of Air India, Indigo and the Aircraft Accident Investigation Bureau (AAIB) are among those who will appear before a Parliamentary panel on November 2 in connection with the review of the performance of civil aviation sector central public sector undertakings. The 22-member Parliamentary Standing Committee on Public Undertakings is headed by BJP MP Baijayant Panda. Discussions with the representatives of Air India Limited (Air India) and InterGlobe Aviation Ltd (Indigo) will take place on November 2 in connection with the examination of the subject 'Review of Performance of Civil Aviation Sector CPSUs', according to a notice issued by the Lok Sabha Secretariat. On the same day, the representatives of the Aircraft Accident Investigation Bureau (AAIB) and the Bureau of Civil Aviation Security (BCAS) will also appear before the committee in connection with the same matter. Meanwhile, several economists will appear before the joint committee examining the simultaneous po

Citi, Credendo close $328 mn deal for eight IndiGo jets through GIFT City

The $328 million facility covers six A321s and two A320s, marking the first ECA-backed aircraft financing through a GIFT IFSC leasing structure and Credendo's aviation debut

Indigo signs $328 mn finance deal with Citi to buy for 8 Airbus aircraft

Country's largest carrier Indigo has signed a USD 328 million financing deal with Citi to buy eight narrow-body planes to be manufactured by Airbus. This is the world's first aviation financing transaction insured by the Belgian export credit agency (ECA) Credendo, and the maiden ECA-backed aircraft financing structured through the GIFT IFSC, according to a statement. The financing will help Indigo procure six A321s and two A320s, it said. Global banking major Citi acted as sole mandated arranger, ECA coordinator and sole lender, with the financing backed by Credendo's credit insurance, it added. The transaction was executed through Indigo's subsidiary, InterGlobe Aviation Financial Services IFSC and provides a "competitive and diversified source of long-term funding" for the carrier's fleet and network growth, it said. "By combining Citi's cross-border aviation and ECA financing expertise with Credendo's credit insurance and IndiGo's GIFT IFSC platform, we have delivered a ...

Akasa Air overtakes SpiceJet, but can it survive India's aviation duopoly?

Akasa Air has pushed out SpiceJet to tack on to India's aviation duopoly as a distant third

Air India, Air India Express, Akasa raise fuel surcharges after IndiGo move

Air India, Air India Express and Akasa Air have raised or introduced fuel surcharges from October 9 as airlines seek to offset higher aviation turbine fuel prices amid the West Asia conflict

Airlines warn govt of route cuts as soaring ATF costs squeeze finances

Airlines seek changes in ATF pricing and taxes, lower state VAT and extended relief on airport charges as the West Asia conflict drives up operating costs

Federation of Indian Airlines seeks review of existing ATF pricing formula

The Federation of Indian Airlines (FIA) is seeking a review of the existing jet fuel pricing formula, and said domestic ATF should be priced on the actual cost of fuel plus a reasonable margin rather than international benchmark pricing. The unprecedented increase in fuel costs, compounded by geopolitical disruptions and rupee depreciation, is placing significant pressure on airline cash flows and viability, it said. In a letter to the Civil Aviation Ministry late last month, FIA also said that "if timely relief is not available, the airlines may be compelled to withdraw from several unsustainable routes." Air India, IndiGo and SpiceJet are the members of FIA. From around 30-40 per cent, airlines' operating costs have increased to around 55-60 per cent under the prevailing circumstances, out of which ATF remains the single largest variable cost, it said. The current conflict (West Asia) has pushed the Brent Crude from USD 72 / BBL to USD 118 / BBL, and the resultant ATF price (MOP

IndiGo raises fuel surcharge on domestic, int'l flights as ATF rises

IndiGo has raised fuel charges on domestic and international flights as ATF prices climb, with domestic charges now ranging from ₹375 to ₹1,300 based on distance

IndiGo raises fuel surcharge from Oct 6 as jet fuel prices climb

The revised charges will apply to new bookings made from October 6

IndiGo flight suffers tail strike during 2nd landing attempt at Bengaluru

A Bengaluru-bound IndiGo flight from Guwahati suffered a tail strike during a second landing attempt at the Bengaluru airport on Sunday, sources said. IndiGo said in a statement that its aircraft operating its Guwahati-Bengaluru flight experienced "abnormal runway contact" while landing during gusty weather at the Kempegowda International Airport. All customers and crew are safe and have disembarked safely, the statement said. The IndiGo A321 aircraft faced a string of tail strikes at different airports in the country in the past as well. "The aircraft is undergoing maintenance checks. It will resume operations after securing necessary clearances," the airline said in the statement. It added that all relevant authorities have been informed about the incident.

Airbus detects surface coating issue in A321 neo fuselage, IndiGo impacted

"The source of the issue has been identified, contained and a remedy is available. All newly coated stringers conform to all requirements," Airbus spokesperson said

IndiGo increases fares for excess baggage, infant ticket, priority services

IndiGo passengers carrying more luggage than their permitted baggage allowance will now have to pay ₹800 for every additional kilogram

Iran war, high ATF prices hit airlines hard as seat capacity falls in Sept

Eight of the country's top 10 airports also saw domestic capacity decline, while Delhi and Maharashtra bucked the trend with growth in overall airline seat capacity

IndiGo flight hits pole at Srinagar airport while being parked, no injuries

An Indigo flight from Navi Mumbai to Srinagar hit a pole while being parked at Srinagar airport on Friday. While the aircraft suffered damage, there were no injuries to the passengers or crew members. Flight 6E 225 (VT-NOG) was being positioned at Bay No. 6 at 9.02 am when it came into contact with the Visual Docking Guidance System (VDGS) pole during the parking process, the Airport Authority of India (AAI) said in a statement. "All passengers and crew members are safe, and no injuries have been reported," it said, adding that the passengers and crew safely deboarded using manual aircraft stairs. The AAI said the details and circumstances leading to the incident will be examined by the appropriate authorities according to the prescribed procedures. "The exact cause will be ascertained following the completion of the inquiry, and no conclusion regarding the cause is being drawn at this stage," the statement read. Airport operations remained normal, with flight arrivals and departu

Oil spike weighs on aviation stocks; IndiGo, SpiceJet dive up to 4%

Analysts noted that Aviation Turbine Fuel (ATF) represents a significant share of airlines' operating cost and any rise in crude oil price is a negative for the sector.

IndiGo's Goa-Delhi flight makes emergency landing after engine failure

A Delhi-bound IndiGo flight with 229 passengers on board returned to Goa about 30 minutes after takeoff and made an emergency landing at Manohar International Airport after one of the aircraft engines failed mid-air, sources said. The aircraft, however, landed safely at the airport in Mopa, North Goa, they said. "IndiGo flight 6E 2102, which departed from Goa for Delhi at 9.16 am, returned to Goa after reporting a failure in one of its engines. The Air Traffic Control (ATC) declared a full emergency around 9.30 am and the aircraft landed safely on runway 28 at 9.51 am," a source said. There were 229 passengers on board, an airport official said. "The flight returned after one of its engines developed a snag," the official said. A spokesperson for IndiGo said in a statement, "A technical issue was detected shortly after takeoff on IndiGo flight 6E 2102 operating from North Goa to Delhi." "Following the standard operating procedure, the relevant authorities were informed, and the

IndiGo Ventures invests in AI firm Sarvam as part of Series B round

IndiGo and Sarvam are working on AI applications for customer service, employee productivity and airline operations, with successful use cases set to be scaled up

IndiGo's Gangwal commits another ₹300 crore to IIT Kanpur medical school

IndiGo Co-founder and IIT Kanpur alumnus Rakesh Gangwal has committed an additional funding of Rs 300 crore to his alma mater for the further development of the Gangwal School of Medical Sciences and Technology at the institute premises, a statement said on Monday. This follows his contribution of Rs 100 crore in 2022, which supported the Institute's plans to establish a medical school on campus, taking his cumulative contribution towards the Gangwal School to Rs 400 crore, it said. With this commitment, Gangwal will provide matching grants of up to Rs 300 crore against contributions from other supporters towards the development of the school. "It is an honour and a privilege to be part of this innovative and first-of-its-kind medical institution," Gangwal was quoted as saying in the statement. The school's development plans also include a 500-bed super-speciality hospital on the IIT Kanpur campus, along with a proposed 200-bed cancer care research centre. The facilities are ...

IndiGo website faces glitch during booking, second disruption this week

An official said the issues have been resolved and the system is functioning normally now

CCI eases commitment norms; Google, IndiGo pleas await approval

The competition regulator has also increased the overall timeline for considering commitment applications to 180 days as it seeks to address procedural and administrative issues