Page 23 - Indigo

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

IndiGo becomes first Indian airline to carry 100 mn pax in a single year

IndiGo operates over 2,000 flights per day. It flies to 86 domestic and 32 international destinations

IndiGo to be first airline to start flights from Noida Int'l Airport

IndiGo will be the first airline to start flights from Noida International Airport, which is scheduled to be operational by the end of 2024, according to a statement. Noida International Airport (NIA) on Friday signed a Memorandum of Understanding (MoU) with IndiGo -- the country's largest airline -- which has agreed to become the launch carrier for the airport, the statement said. Under the agreement, signed in Delhi, NIA and IndiGo will work together towards developing and strengthening air connectivity in Uttar Pradesh and beyond. The greenfield airport is located in Jewar area of Gautam Buddh Nagar district in western Uttar Pradesh, about 75 km from Delhi. Once operational, it will be the second international and overall third commercial airport in the National Capital Region (NCR). The partnership will explore new and innovative ideas, aimed at gaining operational efficiency and enhanced customer experience, as per the NIA statement. "We are excited to sign this MoU with Ind

IndiGo's parent firm to challenge tax demands worth over Rs 1,666 cr

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday said it will challenge tax demands worth over Rs 1,666 crore. The Commissioner of Income Tax-Appeals (CIT-Appeal) has passed orders related to tax demands for the assessment years 2016-17 and 2017-18. In a regulatory filing, the company said a demand of "INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal". The figures are excluding interest and penalty. The CIT-Appeal has passed the respective orders. As per the filing, the revision to the taxable income on account of tax treatment of certain incentives received by the company from manufacturers with the acquisition of the aircraft and engine and disallowance of certain expenses has been confirmed without granting an opportunity of personal hearing and adjudicating the matter on merits. The company will contest the same and

DRI recovers gold compound worth Rs 2 cr from lavatory of Indigo flight

The Directorate of Revenue Intelligence (DRI) on Monday recovered a substantial amount of gold in compound form from the lavatory of an Indigo flight that had arrived from Bahrain at Cochin International Airport. Acting on a tip off, DRI officials conducted an inspection of the flight, leading to the seizure of 3,285 grams of gold, agency sources said here. The market value of the seized gold is estimated to be around Rs two crore. Although an investigation has been initiated, no arrests have been made at this point, they said.

IndiGo becomes first airline to have over 2,000 daily scheduled flights

Together, IndiGo and Tata group-airlines account for around 89 per cent of the total domestic aviation market in the country

Passenger traffic rises 11% in October; IndiGo share sees marginal dip

IndiGo and Tata Group-airlines account for around 89 per cent of the total domestic aviation market in the country

IGE, Archer Aviation partner to launch electric air taxis in India by 2026

Electric air taxi operations in India are subject to regulatory approvals and clearances, the company said in a statement

IndiGo parent's shares drop after airline warns of more groundings

BENGALURU (Reuters) - Shares of IndiGo fell 1.5% on Wednesday after the airline warned that more planes could be grounded due to the latest troubles with Pratt & Whitney engines, leading to the potential withdrawal of nearly a quarter of its fleet. India's top airline, listed as Interglobe Aviation, said late on Tuesday it sees groundings of its Airbus in the range of "mid-thirties" due to a powder metal issue, days after it said about 40 planes were pulled out of service for a separate problem with the engines. Both combined would add up to about a quarter of its total fleet of 334 planes - a large number of which are fitted with Pratt engines. The troubles come at a time when India's air travel market is rapidly growing. India saw a 29% rise in domestic passenger numbers in September from a year ago, and airlines like IndiGo and Air India stand to gain the most with smaller rivals like Go Air facing bankruptcy and upstart Akasa Air contending with a pilot shortage.

Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

India's leading airline did well in a seasonally weak quarter for the industry and after paying fees and charges

IndiGo CEO Pieter Elbers says not happy with number of grounded planes

The company carried 26.3 million passengers in the September quarter, observing a 33.4 per cent year-on-year growth

Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally

Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Indigo Q2FY24 result: Consolidated net profit at Rs 188 cr; Ebitdar up 967%

Indigo Q2 result: The total income for Q2FY24 came in at Rs 15,503 crore, compared to Rs 12,852 crore year-on-year

Demystifying airline seat charges: Rules and logic behind web check-in fees

From low-cost carriers to full-service providers, how Indian airlines define their seat pricing strategies

Bengaluru-bound IndiGo flight returns to Singapore due to 'baggage error'

An IndiGo flight en route to Bengaluru returned to Singapore after take-off on Tuesday morning as the airline had forgotten to offload the baggage of passengers of an earlier flight. "We acknowledge the baggage error on the part of our service partner at Singapore airport with respect to flight 6E 1006 operating from Singapore to Bengaluru, due to which the flight returned to origin. The passengers were kept informed of the delay and served refreshments," the airline said in a statement. Some social media users complained about the incident. Tagging IndiGo, a user on X said, "Congratulations on achieving the impossible... Singapore Bengaluru flight at 5 40 am made to turn back coz you guys forgot to offload luggage from incoming flight". Another X user said there was mismanagement at Singapore airport. "@IndiGo6E horrible mismanagement at Singapore airport!6E1006 was in the air for 1.5 hours, from SIN to BLR, landed back in Singapore bec you all mixed up baggages of various ...

IndiGo launches flights to 20 international destinations in last six months

The international flights include new routes and the resumption of flights within the airline's network

These 2 factors dragged SpiceJet 11% lower today after surging 19% Friday

SpiceJet stock news: The stock of SpiceJet had soared 19.4 per cent last Friday, October 13, after a report had said that Gangwal was looking to buy stake in the airline

IndiGo co-founder Rakesh Gangwal may buy stake in SpiceJet? Shares soar

Currently, the promoter group in SpiceJet, which includes Ajay Singh and his family, and Spice Healthcare, own 56.5 per cent stake in the airline

Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'

In which we munch over the week's platter of news and views