Aviation stocks fall: InterGlobe Aviation shares fell as much as 5.62 per cent, while the counter of Spice Jet slipped 5.64 per cent on BSE
The Indian carrier, which currently operates a fleet of about 46 ATR 72-600s, had earlier placed an order for 50 such aircraft in 2017 as part of a strategy to expand its regional footprint
IndiGo CEO Pieter Elbers pushed back, emphasising that bilateral air service agreements are meant to be mutually beneficial
IndiGo has an extensive domestic network in India, the world's third-largest air passenger market, and is expanding its international reach
Indigo has an extensive domestic network in India and is expanding its international reach
Domestic airline IndiGo on Saturday announced its direct flight services to Adampur (Jalandhar) in Punjab from Mumbai, starting July 2. Adampur will be the airline's 92nd domestic and 133rd overall destination, IndiGo said. This new direct connection will provide Punjab's agricultural and industrial sectors easier access to the major ports in the Mumbai metropolitan region, boosting trade opportunities, it added. The airline also said the new route has been strategically introduced to cater to the needs of business and leisure customers, providing them with convenient travel options. "As Adampur becomes our 55th domestic and 77th overall destination from Mumbai, the new route will boost connectivity and economic opportunities. We will continue to enhance our domestic network, catering to the rising demand for air travel in the region," said Vinay Malhotra, head of global sales at IndiGo.
IndiGo sought a six-month extension but got three months from DGCA amid rising India-Turkey tensions; airline says operations are within legal and bilateral norms
A source with direct knowledge of the matter said the new policy would require the two airlines to make deposits of about 2 billion rupees ($23 million), taken together
Domestic carrier IndiGo on Friday said it has inked an initial pact with Bangalore International Airport Ltd (BIAL) to set up a maintenance, repair and overhaul (MRO) facility at the Bangalore International Airport. Under the agreement, BIAL will allocate about 31 acres to IndiGo for development of MRO infrastructure to support the airline's expanding fleet, it said in a statement. The facility will be equipped to handle both narrow-body and wide-body aircraft, further strengthening IndiGo's maintenance capabilities and operational presence at the Bengaluru Airport. "Developing broad IndiGo MRO capabilities marks a significant and very strategic step for IndiGo. Partnering with BIAL underlines our shared commitment to drive long-term growth of the aviation ecosystem in Bengaluru", IndiGo Chief Executive Officer Pieter Elbers said. Together with BIAL, IndiGo is further shaping the future of Indian aviation by focusing on innovation, growth and global connectivity that will define ..
IndiGo will begin direct long-haul flights to 10 global destinations, including London, Amsterdam and Manchester, from July 2025 as part of its global network expansion
IndiGo will launch services at Navi Mumbai airport with 18 flights to 15 cities and scale up to 200 air traffic movements a day by March 2026 including international flights
Vikram Singh Mehta will succeed IndiGo's Venkataramani Sumantran, who took charge of the low-cost carrier as chairman three years ago
Over the past few years, Rakesh Gangwal and his related entities have gradually reduced their stake in IndiGo through multiple block deals
Today, Defence Minister Rajnath Singh approved the execution model for the AMCA project, aimed at building India’s very own fifth-generation stealth fighter jet. Speaking at an event in Gandhinagar
IndiGo confirmed in a filing that the principal commissioner of Customs in Ahmedabad has imposed a fine of ₹2.20 crore on it, while the principal commissioner in Meenambakkam has levied an additional
InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore (USD 1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said. Investment banking firms Goldman Sachs (India) Securities Pvt Ltd, Morgan Stanley India Company and J P Morgan India are the placement agents for the stake sale, they added. Before the latest transaction, Gangwal and the family trust together owned about 13.5 per cent in IndiGo. As per the latest block deal, up to 2.2 crore equity shares were sold at a floor price of Rs 5,175 per share, as per the updated term sheet seen by PTI. The total number of shares has been raised from the initial 13.2 million shares (1.32 crore shares) worth .
IndiGo co-founder Rakesh Gangwal to sell 3.4% stake via block deals as part of his long-term exit plan; total promoter stake now down to 13.53%
The airline will return 30 aircraft to service and release 10 from lease, but some added capacity will go to international routes, limiting domestic fare impact
While IndiGo posted a strong Q4 and has promising FY26 prospects due to falling fuel costs and capacity gains, Q1 may face pressure from geopolitical disruptions
The incident involving flight 6E 2142, which experienced intense turbulence because of a hailstorm en route from Delhi to Srinagar, is currently under investigation by the Directorate General of Civil