IndiGo's Chief Commercial Officer Willy Boulter said he will resign after July, just a day after CFO Jiten Chopra quit the biggest budget airline in Asia by market value
Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years
InterGlobe Aviation, parent company of IndiGo airline, on Tuesday appointed Gaurav Negi as the Chief Financial Officer (CFO) in place of Jiten Chopra who has put in his resignation, a statement said. Prior to joining IndiGo, Negi spent 22 years with General Electric Company, where he was part of their Global Leadership programmes in finance and executive management, said the InterGlobe Aviation's statement that was posted on BSE. "In his last role with GE, Mr. Negi was the CFO for on shore wind (segment of GE Renewable Energy headquartered in Paris, France), APAC and Non-Executive Director, GE Transmission & Distribution (GE T&D) India," it added. With around 53 per cent domestic passenger market share, IndiGo is India's largest airline. Negi had joined IndiGo as Senior Vice President and Head -- Governance, Risk and Compliance (GRC) on December 1 last year.
The airline will introduce flights on 20 exclusive routes effective March 27, 2022
IndiGo's full-time Director and Chief Executive Officer Ronojoy Dutta urged the Central government to bring the Aviation Turbine Fuel (ATF) under goods and service tax (GST) ambit
IndiGo said it will operate 12 evacuation flights with over 2,600 Indians from war-torn Ukraine's neighbouring countries between Friday and Sunday
It is not clear whether there are any safeguards in place to prevent any individual who may buy Gangwal's entire stake from making a bid to gain control of the airline through an open offer
IndiGo said that while eight evacuation flights will depart from India on Thursday, its six repatriation flights will arrive in India on the same day
Three evacuation flights from Romania's capital Bucharest and Hungary's capital Budapest came to India on Tuesday with 616 Indian nationals who were stranded in Ukraine
SpiceJet, Air India Express and IndiGo will operate special flights from Hungarian capital Budapest and Romania's Bucharest on Monday and Tuesday to evacuate Indians stranded in Ukraine
The country's largest carrier IndiGo will operate flights to Budapest and Bucharest to bring back Indians who are stranded in Ukraine, according to an airline official.
IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays
Kadapa will be the 73rd city in the country to be connected with IndiGo flights, the airline said in a release
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
Stock analysts said Gangwal's announcement will keep the company's stock price under pressure
Any fuel that has lower carbon emissions than conventional kerosene is known as Sustainable Aviation Fuel (SAF)
'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal
InterGlobe Aviation will seek shareholders' approval for appointment of co-founder Rahul Bhatia as the Managing Director
IndiGo swung back into profit, posting a PAT of Rs 129.79 crore in the December quarter, after registering seven consecutive quarters of loss
FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts