Page 11 - Latest Updates on IndiGo Airlines

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

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 .

Rakesh Gangwal may sell 3.4% in IndiGo for ₹6,831 crore via block deal

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%

IndiGo to restore 80 grounded planes by 2026; airfares may ease slightly

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

IndiGo set for strong gains in FY26 on lower costs, capacity boost

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

Pak rejected Indigo pilot's request to use airspace despite an emergency

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

Storm disrupts Delhi flights; Srinagar flight declares emergency mid-air

Thunderstorms and heavy rain caused multiple delays at Delhi airport, while a Delhi-Srinagar IndiGo flight announced a mid-air emergency due to a hailstorm

IndiGo Q4 results: Net profit soars 62% to ₹3,067 crore, dividend declared

IndiGo Q4 FY25 result: Interglobe Aviation's board has recommended a dividend of ₹10 per equity share

IndiGo issues travel advisory for Goa, warns of flight delays due to rain

IndiGo Airlines advised passengers to stay informed by regularly checking their flight status and to plan for extra travel time due to possible weather-related delays and traffic disruptions

Indigo cancels flights to Amritsar, 5 other cities amid security concerns

IndiGo has cancelled its flights to and from Jammu, Amritsar, Chandigarh, Leh, Srinagar and Rajkot for May 13. "In light of the latest developments and with your safety as our utmost priority, flights to and from Jammu, Amritsar, Chandigarh, Leh, Srinagar, and Rajkot are cancelled for 13th May 2025," IndiGo said in a post on X at 23:38 hours on Monday. The airline also said its teams are actively monitoring the situation. These six airports are among those that were reopened for civilian flights on Monday after being temporarily shut in the wake of the military conflict between India and Pakistan. On Monday evening, an IndiGo flight enroute to Amritsar returned to the national capital after precautionary blackout measures were enforced in Amritsar, according to sources. The flight 6E2045 from Delhi to Amritsar returned to the national capital after being ariborne for sometime, as per information available on flight tracking website Flightradar24.com.

How Indian airlines are losing crores after Pakistan closed its airspace

Bypassing Pakistani airspace is forcing Indian airlines to take longer routes and consume more fuel, pushing the estimated extra monthly cost beyond ₹307 crore

IndiGo offers refunds after Pak shuts airspace over Pahalgam terror fallout

Pakistan closed its airspace to Indian flights as part of retaliatory steps after the Pahalgam terror attack, prompting IndiGo to offer full refunds and rebooking

IndiGo names ex-FAA administrator Michael Whitaker as independent director

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Thursday announced the appointment of former administrator US Federal Aviation Administration (FAA) and pilot Michael Whitaker as an Independent Director. Whitaker's appointment, which is subject to regulatory and shareholders' approvals, comes as the term of Venkataramani Sumantran as an Independent Director ends on May 27. Sumantran, who is currently a Non Executive Independent Director and Chairperson, has decided not to seek re-appointment for a second term, according to a BSE filing. "Mike's deep and varied industry and government experience will contribute significantly to having an effective and diverse board. His focus on efficiency, operations, air safety as head of the FAA will reinforce IndiGo's longstanding focus on operating at the highest levels. "Also, his extensive experience in international governmental affairs will be hugely instrumental as IndiGo continues its global expansion," IndiGo's

Govt urges airlines to avoid Srinagar fare hike, asks to add more flights

Air India and IndiGo will operate a total of four additional flights from Srinagar to Delhi and Mumbai on Wednesday. Terrorists opened fire at a famed meadow near Kashmir's Pahalgam town on Tuesday afternoon, killing 26 people, mostly tourists. "In view of the prevailing situation, Air India will operate two additional flights from Srinagar to Delhi and Mumbai on Wednesday, April 23," Air India said in a post on X. An IndiGo official said it will operate two additional flights from Srinagar to Delhi and Mumbai on Wednesday. Meanwhile, Maharashtra Deputy Chief Minister Eknath Shinde spoke to Civil Aviation Minister K Rammohan Naidu regarding the tragic incident in Pahalgam, where tourists from Maharashtra lost their lives. According to Shinde's office, he has requested Naidu to make special arrangements for the immediate transportation of the mortal remains of the deceased from Srinagar to Mumbai. In response, Naidu has assured that all necessary measures will be taken and special

Tempo collides with parked IndiGo plane at Bengaluru airport; none injured

Some reports suggested that the driver dozed off which resulted in the collision. However, IndiGo, in a statement, said the investigation is underway

IndiGo to move operations from Delhi's Terminal 2 to T1 from April 15

According to the Delhi International Airport Limited, the runway work is expected to continue till July 2025

IndiGo briefly becomes world's most valuable airline by market cap

IndiGo is the only Indian carrier among world's top 10 airlines, runs 15,768 flights weekly

IndiGo, Accor to collaborate on loyalty programmes for flyers, guests

Gurugram-based IndiGo on Wednesday announced its plans to enter into an agreement with Accor for a loyalty programme. Both IndiGo and global hospitality major Accor offer their loyalty programmes- IndiGo Bluechip and ALL-Accor Live Limitless,-- to their customers, providing multiple benefits. The two partners have now agreed to develop a strategic collaboration through their loyalty programs, IndiGo said. IndiGo had last year, on the occasion of its 18th anniversary, rolled out the BluChip loyalty programme to its customers. "Now IndiGo moves to the next phase to strengthen its loyalty programme by exploring and developing strategic partnerships," said Pieter Elbers, CEO at IndiGo. The collaboration would allow to partner on a wide range of initiatives, such as rewards points sharing, co-branded loyalty and seamless two-way conversion, it said adding this, in turn, would enable members to earn and redeem points across flights, stays and experiences. Accor Chairman and Chief Execu

IndiGo stock hits all-time high; surges 12% in 1-month on healthy outlook

Since January 22, 2025, the stock price of IndiGo has zoomed 32% after the company reported a better than expected 14% YoY growth in revenue, led by a 13% YoY rise in passenger volumes in Q3FY25.

IndiGo flight makes emergency landing in Mumbai after bomb threat

The alert was triggered when a bomb threat message was found inside one of the plane's toilets while the aircraft was mid-flight

IndiGo flight makes emergency landing after woman dies during flight

An IndiGo Airlines flight made an emergency landing at the airport in Maharashtra's Chhatrapati Sambhajinagar after an 89-year-old woman died onboard, an airport official said on Monday. The Mumbai-Varanasi flight made an emergency landing at the Chikalthana Airport on Sunday night, he said. The official said Sushila Devi, a native of Mirzapur in Uttar Pradesh, boarded the flight from Mumbai and started feeling unwell mid-air. He said the flight landed at the Chikalthana Airport due to a medical emergency around 10 pm. A medical team examined the woman on landing, but she had already succumbed. The MIDC CIDCO police station did the necessary formalities, and the flight proceeded for its onward journey to Varanasi, the official said. According to the airline, the woman's body was sent to the Government Medical College and Hospital in Chhatrapati Sambhjinagar.