Page 36 - Indigo

ICICI, Axis, HDFC Bank lift Sensex 659 pts, Nifty near 17,800; metals dip

CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent

Stocks to Watch: NDTV, Dr.Reddy's, IndiGo, SBI, Zee, Consumer Firms

Stocks to Watch Today: NDTV open offer to start from October 17. IndiGo's co-promoter Rakesh Gangwal likely to sell up to 2.8 per cent stake in open market.

Gangwal may sell up to 2.8% in IndiGo Airlines for Rs 2,000 cr: Sources

Stake sale being brokered by three investment banks, says another source; Gangwal and his group currently own 36.6% in InterGlobe Aviation, Bhatia's camp owns 38.17%

IndiGo plane enroute to Udaipur suffers engine vibrations; returns to Delhi

An IndiGo aircraft enroute to Udaipur returned to the national capital on Thursday due to "engine vibrations" and the plane has been grounded, according to a senior DGCA official. The Directorate General of Civil Aviation (DGCA) will probe the incident. This is the second such incident during the day where a plane returned to Delhi airport due to technical issues. The official said that an IndiGo flight from Delhi to Udaipur, operated by an A320 neo aircraft, did an air turnback after there were vibrations in engine 2. The plane landed safely and has been grounded. DGCA will conduct a detailed probe into the incident, the official added. A statement from IndiGo on the incident was awaited. Earlier in the day, a SpiceJet plane, carrying 89 passengers, that took off for Nashik from the national capital returned midway due to an "autopilot" snag. The incident will also be probed by the DGCA.

Virgin Atlantic expands India presence with codeshare agreement with IndiGo

The country's largest airline IndiGo and British carrier Virgin Atlantic on Wednesday announced a codeshare agreement. The agreement will allow Virgin Atlantic to sell seats to passengers connecting onto IndiGo flights. The initial codeshare destinations in India include Chennai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, Amritsar, Goa, Delhi and Mumbai. The additional destinations will include Kochi, Chandigarh, Jaipur, Pune, Coimbatore, Nagpur, Vadodara, Indore and Visakhapatnam, a release said. Under the codeshare partnership, customers booking a Virgin Atlantic ticket will be able to fly on the airline's London Heathrow to Delhi and Mumbai flights and connect to and from 7 additional cities in India. Later this year, the agreement will be expanded to cover a total of 16 destinations throughout India, as well as connections onto Virgin Atlantic's extensive US network operated via London Heathrow, the release said. Codesharing allows an airline to book its passengers on its part

IndiGo CEO agrees to 2-year non-compete curbs after stepping down in Sep

InterGlobe Aviation CEO Ronojoy Dutta, who will be stepping down next month ahead of his tenure, has agreed to an enhanced two-year non-compete period wherein he will not engage with any business that is similar or in competition with the company. Dutta is to step down as the Whole Time Director and CEO of InterGlobe Aviation, the parent of the country's largest airline IndiGo, on September 30 whereas his current tenure is till January 23, 2024. On Tuesday, the company said it will seek shareholders' approval for the remuneration of Dutta for this fiscal "as minimum remuneration in the event of absence or inadequacy of profits". The e-voting on the proposal will be open from August 31 to September 29 and the results will be declared on or before October 1. According to the filing, Dutta has agreed to an enhanced non-compete period of two years as against one year that was originally agreed to after stepping down. Under the non-compete restrictions, "he shall not engage with any ..

IndiGo plane faces engine stall warning for few secs on 'wake turbulence'

An Airbus plane operated by IndiGo faced "engine stall" warning for a few seconds as it flew into wake turbulence caused by a Boeing 777 aircraft that flew from the opposite side. The mid-air incident happened for IndiGo's Guwahati-Mumbai flight that was operated with am Airbus 320 ceo plane on Monday. IndiGo's aircraft "came into the wake turbulence of opposite traffic Emirates Boeing 777 aircraft" on Monday, a source at aviation regulator DGCA said. According to the US Federal Aviation Administration (FAA), every aircraft generates wake turbulence while in flight. The wake turbulence is a function of an aircraft producing lift, resulting in the formation of two counter-rotating vortices trailing behind the aircraft. Pressure differential over the wing surface generates lift, as per FAA website. "Due to the turbulence engine #1 stall warning came and disappeared. No abnormality was observed in any other parameter and aircraft safely continued to the destination," the source ...

IndiGo flight shows engine stall warning as passing jet creates turbulence

An Airbus A320 operated by IndiGo was flying over the Guwahati to Mumbai route on Monday at roughly 36,000 feet when the captain noticed an Engine 1 stall warning signal that quickly vanished

Supply chain disruption a challenge but IndiGo CEO sure of capacity growth

Foresees 13% capacity growth, hints at likelihood of aircraft lease extension; airline is seeing passengers moving from rail and other modes on short duration routes

Cost and competition may keep IndiGo's growth under check: Brokerages

Yields have been higher in Q2; market leader continues to gain market share

IndiGo aircraft develops snag at Goa airport, passengers disembarked safely

An engine of an IndiGo aircraft scheduled to fly to Mumbai with 187 passengers on board developed a snag at the Goa airport on Tuesday afternoon, a senior official said. All the passengers were disembarked safely by the rescue teams of the Indian Navy, said airport director S V T Dhananjaya Rao. The aircraft was taken to the taxi bay by the Navy teams, he told PTI. The Goa airport is a part of the Navy's INS Hansa base. IndiGo aircraft 6E 6097 Goa to Mumbai with 187 passengers including four infants on board had to abort the flight due to a technical snag in the right engine while proceeding to the runway at 1.27 pm, Rao said. It had to be pushed back from Bay number nine, sources said, adding that the movement of other aircraft was not affected due to the incident.

IndiGo flight suffers 'false cargo smoke warning'; DGCA to probe incident

Pilots of an IndiGo flight from Delhi to Kolkata asked Kolkata ATC for priority landing after smoke was detected in the cargo hold area

Interline agreement: Jetstar passengers can now book seat on IndiGo flights

Passengers of Australian low-cost airline Jetstar can now book seats on IndiGo flights as an interline agreement between the carriers went live on Wednesday, according to a statement. "As demand for air travel continues to recover, Jetstar customers looking for low-cost travel options can now access IndiGo's low fares from Jetstar's hub in Singapore to key Indian destinations including Bengaluru, Chennai, Kolkata, Mumbai, New Delhi, and Tiruchirappalli via jetstar.com," the carriers said in a joint statement. Australian carrier Jetstar, which is the low-cost subsidiary of Qantas, and IndiGo announced in April that they had entered into an interline partnership. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo, "The partnership will enable customers to enjoy seamless connectivity between Jetstar and IndiGo and access to a wide variety of destinations across Asia Pacific.

IndiGo flight delayed by 6 hrs over 'bomber' message seen in flyer's chat

As per officials, a female passenger noticed her co-passenger's phone and panicked after reading the word 'bomber' while chatting with his female friend.

AI reported 184 tech snags in last one year, IndiGo 98, SpiceJet 77: Govt

The Tata Group took control of Air India and its subsidiary Air India Express on January 27 after successfully winning the bid for the airline on October 8 last year

Airline glitches: Aircraft maintenance sector in dire need of maintenance

Pool of engineers increasing every year, though jobs have failed to keep pace

Top Headlines: RBI policy review today, Sebi orders audit of FRL, and more

Ahead of the RBI MPC's statement today, while market participants are certain about a rate hike, there are also growing calls for a shift in the central bank's stance. Read more in our top headlines

Indigo introduces three-way exit for flyers, saving turnaround time

IndiGo under Ramdas has been using ramps instead of step ladders from Day One, which makes the boarding and deboarding faster

IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts

InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term

IndiGo to add a third ramp to help passengers get off from planes faster

IndiGo on Thursday announced it would disembark passengers from three doors of the plane, allowing the flyers to quickly get off the aircraft.