Page 28 - Indigo

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review

Business Standard brings you the top headlines at this hour

Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today

Offer floor price of Rs 2,400 per share is 6% discount to last closing price

Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal

Offer floor price of Rs 2,400 per share is 6% discount to last closing price

IndiGo co-founder's family to sell shares worth up to $450 million

The offer floor price for the sale by Rakesh Gangwal and wife Shobha Gangwal is set at Rs 2,400 per share - nearly a 6% discount on the current market price

Boeing front-runner to secure order for widebody jet from IndiGo: Report

IndiGo is in talks to buy Boeing's 787 family of twin-aisle aircraft which has been pitted against Airbus' A330neo jets, said the sources who are familiar with the matter

P&W engines' issue to have 'minimal' impact on Indigo's fleet: DGCA

IndiGo is the largest customer of the A320 planes and the aircraft are powered by P&W engines

Ranchi-bound Indigo flight develops technical snag, returns to Delhi

A passenger, onboard the flight said that the pilot of Indigo flight number 6E-2172 announced mid-air about the technical glitch in the aircraft, and said that flight is returning to the IGI airport

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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