Page 26 - Indigo

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

IndiGo flight makes emergency landing in Patna due to engine trouble

A Delhi-bound Indigo flight made an emergency landing at the airport here on Friday after one of its engines became inoperative, an official said. The aircraft made the landing shortly after taking off from the Jay Prakash Narayan International Airport, he said. An Indigo flight on PatnaDelhi route returned to its origin due to a technical issue. Three minutes after its departure, the pilot reported one engine inoperative. The aircraft landed safely at 9.11 am. As per the pilot, no further assistance was required. All operations are normal here," the airport official said.

IndiGo shares decline nearly 5% after record first quarter showing

The stock of the airliner opened at ₹2,630 apiece against the previous close of Rs 2,565.75 but soon fell 5.3 per cent during intraday trade hit Rs 2,430.15

IndiGo announces salary hikes for pilots after record profits in Q1

The airline will be rewarding its flight crews following Q1FY24, where they achieved a record net profit of Rs 3,090 crore

Stocks to Watch on Aug 3: Titan, IndiGo, MMTC, Airtel, Adani Ent, Nykaa

Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore

IndiGo posts highest ever quarterly net profit at Rs 3,090.6 cr in Q1

IndiGo's total revenue increased by 32 per cent year-on-year (y-o-y) but its total cost decreased by 0.1 per cent at the same time

IndiGo to set up LLP for venture capital investments in early stage firms

InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday. IndiGo's Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. He said the LLP will be set up with an initial investment of Rs 7 crore. "We are getting into venture capital arm side where we will be making early stage investments in early stage companies...," he said during a call with analysts after announcing the company's June quarter financials. The LLP will focus on "investment in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality and transportation," a regulatory

IndiGo reports highest-ever profit of Rs 3,091 cr in Q1FY24, revenue up 30%

IndiGo Q1FY24 results: Sequentially, the profit jumped 236 per cent from Rs 919.8 crore profit

IndiGo still battling Pratt & Whitney engine woes, 10% fleet grounded

All 33 grounded planes of IndiGo are powered by Pratt and Whitney engines

DGCA gives in-principle nod to Air India, IndiGo to import 970 planes

Aviation regulator DGCA has given in-principle nod for Air India and IndiGo to import a total of 970 planes. As part of their expansion plans, both carriers have placed huge aircraft orders. While Air India will acquire 470 aircraft from Airbus and Boeing, IndiGo is to buy 500 planes from Airbus. "Directorate General of Civil Aviation (DGCA) has granted in-principle approval to Air India Ltd and Interglobe Aviation Ltd (IndiGo) for import of 470 and 500 aircraft, respectively," Minister of State for Civil Aviation VK Singh said in a written reply to the Rajya Sabha on Monday. Air India will purchase 210 planes from the A320 neo family, 140 from the B737 family and 40 from the A350 family. Besides, the carrier will buy 50 B737-8s, 20 B787-9s and 10 B777-9s. IndiGo will acquire 500 aircraft from the A320 neo family. In response to a query, Singh said the availability of parking slots is ensured at the time of grant of NOC (No Objection Certificate) for the actual import of aircraft

IndiGo working closely with airframe, engine makers to minimise impact

IndiGo has been experiencing supply chain issues related to the availability of spare engines for its neo aircraft and is working closely with airframe as well as engine manufacturers to ensure there is minimum economic and operational impact, according to its annual report. The airline, which aims to carry 100 million passengers in the current financial year, is also taking steps to prepare its sales and distribution for further international presence. The country's largest carrier has a fleet of more than 300 planes and operates over 1,800 flights daily. In its annual report for 2022-23 released on Friday, the airline also said it aims to carry 100 million passengers in the current financial year and is taking steps to prepare its sales and distribution for further international presence. "IndiGo has been experiencing supply-chain issues related to the availability of spare engines for its neo aircraft, which has impacted its operations. Failure to obtain timely deliveries of ...

DGCA imposes penalty of Rs 30 lakh on IndiGo for tail strike incidents

The DGCA conducted a special audit of IndiGo to examine the company's documentation and procedures pertaining to operations, training, and flight data management programme

Indigo honours PVC awardee Subedar Major Sanjay Kumar on Pune-bound flight

In the video on Twitter, Captain Edsel could be seen welcoming Kumar onboard and shared how he has fought a battle on the borders

Domestic help abuse case: IndiGo derosters pilot, matter being investigated

Amid a social media uproar over a pilot and her husband being beaten up for allegedly abusing a minor domestic help, IndiGo on Wednesday said it has derostered an employee from duties and the matter is being investigated. Without specifically mentioning about the case, an IndiGo spokesperson said it is aware of a video circulating on social media that allegedly involves an individual employed by the airline. "We are currently investigating the matter. Meanwhile, the employee has been derostered from official duties," the spokesperson said in a statement. A 10-year-old girl working as a domestic help at a couple's house in southwest Delhi's Dwarka was allegedly beaten up by the two on Wednesday, following which a mob manhandled the duo, police said. The accused Kaushik Bagchi (36) and Poornima Bagchi (33) have been arrested for assaulting the minor, they said. According to the police, the woman works as a pilot in a private airline while her husband is deployed as a ground staff

Vistara prepares to merge staff into Air India as two carriers merge

Vistara, now co-owned by Tata Group and Singapore Airlines Ltd., will be folded into Air India under a deal announced in November, giving the Tatas more heft to go up against dominant IndiGo

Passenger in dock for opening cover of emergency exit door on IndiGo plane

A 40-year-old air passenger Furoqon Hussain, who was on an IndiGo flight from Hyderabad to the national capital on July 8, allegedly opened the cover of the emergency exit door of the aircraft during taking off, according to Delhi airport sources. The incident happened on flight 6E 5605 and the individual was handed over to the security personnel after landing at the Delhi airport. An FIR has been filed against the individual. The unruly behaviour of the flyer caused panic among other passengers, crew and the pilot-in-command, the sources said. The passenger was in seat 18A which was close to the emergency exit door. After the incident, the cover of the emergency exit was immediately restored and the?? passenger was relocated to another seat in the aircraft, they added. Query sent to IndiGo seeking comments on the incident remained unanswered. According to safety experts, the handle of the emergency exit door has a cover which protects it from opening due to cabin pressure or any

375 A321neo, 125 A320neo: Airbus reveals IndiGo's 500-plane order

The A320neo has a range of 6,300 kilometers, whereas the A321neo aircraft type has a range of up to 8,700 kilometers

IndiGo cancels Istanbul-Mumbai flight due to tech issue in aircraft

IndiGo on Monday said it cancelled a flight from Istanbul to Mumbai on Sunday due to a technical issue in the Boeing aircraft. Since the aircraft was not available, the flight scheduled from Mumbai to Istanbul on Monday was also cancelled. A source in the know said the Boeing 777 aircraft had some fuel imbalance issue. Some passengers took to social media to complain about the flight cancellation from Istanbul to Mumbai on Sunday. Details about the number of passengers who were booked on the two flights could not be immediately ascertained. "IndiGo flight 6E 18 operating Istanbul-Mumbai-Istanbul on 2nd/3rd July was cancelled due to a technical issue. Passengers had been offered alternate options. The aircraft is back in operation after necessary maintenance," the airline said in a statement.

IndiGo adds flights to Abu Dhabi, Dubai from Lucknow airport from July 12

IndiGo will add two non-stop daily flights to Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added both onward and return the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement. "Abu Dhabi will be the new destination for Indigo from Lucknow, while the airline will be re-starting its operations to Dubai from July 12. Last month, Lucknow airport added two flights to Dammam and with addition of four flights to Abu Dhabi and Dubai from next month, the total average international flights will go up to 17 from 13 flights per day," CCSIA said. The daily non-stop flight from Lucknow airport to Abu Dhabi will depart at 18.20 hrs and the Abu Dhabi to Lucknow flight will arrive at 03.25 hrs. The Lucknow-Dubai flight will depart at 13.30 hrs and Dubai-Lucknow flight will arrive at .

Aerospace suppliers see upside in parts-making from record jet orders

Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace