Page 3 - Interglobe Aviation

Supreme Court dismisses tax demand raised by CBIC against IndiGo

The Supreme Court has dismissed CBIC's plea to retrospectively levy IGST on aircraft parts re-imported by IndiGo, reinforcing the principle of legal certainty in taxation

IndiGo, SpiceJet shares tumble on dual blow: Oil surge, Air India crash

Aviation stocks fall: InterGlobe Aviation shares fell as much as 5.62 per cent, while the counter of Spice Jet slipped 5.64 per cent on BSE

IndiGo signs pact with BIAL to develop new MRO facility at Bengaluru

Domestic carrier IndiGo on Friday said it has inked an initial pact with Bangalore International Airport Ltd (BIAL) to set up a maintenance, repair and overhaul (MRO) facility at the Bangalore International Airport. Under the agreement, BIAL will allocate about 31 acres to IndiGo for development of MRO infrastructure to support the airline's expanding fleet, it said in a statement. The facility will be equipped to handle both narrow-body and wide-body aircraft, further strengthening IndiGo's maintenance capabilities and operational presence at the Bengaluru Airport. "Developing broad IndiGo MRO capabilities marks a significant and very strategic step for IndiGo. Partnering with BIAL underlines our shared commitment to drive long-term growth of the aviation ecosystem in Bengaluru", IndiGo Chief Executive Officer Pieter Elbers said. Together with BIAL, IndiGo is further shaping the future of Indian aviation by focusing on innovation, growth and global connectivity that will define ..

IndiGo appoints former IAS officer Vikram Singh Mehta as new chairman

Vikram Singh Mehta will succeed IndiGo's Venkataramani Sumantran, who took charge of the low-cost carrier as chairman three years ago

Customs authorities slap IndiGo with ₹2.76 cr penalty; airline to appeal

IndiGo confirmed in a filing that the principal commissioner of Customs in Ahmedabad has imposed a fine of ₹2.20 crore on it, while the principal commissioner in Meenambakkam has levied an additional

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore (USD 1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said. Investment banking firms Goldman Sachs (India) Securities Pvt Ltd, Morgan Stanley India Company and J P Morgan India are the placement agents for the stake sale, they added. Before the latest transaction, Gangwal and the family trust together owned about 13.5 per cent in IndiGo. As per the latest block deal, up to 2.2 crore equity shares were sold at a floor price of Rs 5,175 per share, as per the updated term sheet seen by PTI. The total number of shares has been raised from the initial 13.2 million shares (1.32 crore shares) worth .

IndiGo flight denied entry into Pakistan airspace amid hailstorm: DGCA

An IndiGo flight to Srinagar flew through a hailstorm after both the IAF and Pakistan's Lahore ATC denied deviation requests; DGCA has launched an investigation

IndiGo set for strong gains in FY26 on lower costs, capacity boost

While IndiGo posted a strong Q4 and has promising FY26 prospects due to falling fuel costs and capacity gains, Q1 may face pressure from geopolitical disruptions

IndiGo Q4 results: Net profit soars 62% to ₹3,067 crore, dividend declared

IndiGo Q4 FY25 result: Interglobe Aviation's board has recommended a dividend of ₹10 per equity share

IndiGo to announce Q4 results, dividend on May 21; here's what to expect

IndiGo Q4 results 2025: Analysts predict InterGlobe Aviation-run IndiGo to report robust revenue growth on higher passenger load factor and better yields.

IndiGo, SpiceJet: Aviation stocks fly amid easing tensions between Ind-Pak

At 10:43 AM, shares of InterGlobe Aviation or IndiGo jumped 7.28 per cent to ₹5471.35 per share and SpiceJet gained 7.76 per cent to ₹46.53 per share on BSE

Aviation stocks mixed after few airports shut down amid 'Operation Sindoor'

On Thursday, a total of 27 airports in northern, western, and central India have been shut for commercial operations until May 10, according to reports

IndiGo names ex-FAA administrator Michael Whitaker as independent director

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Thursday announced the appointment of former administrator US Federal Aviation Administration (FAA) and pilot Michael Whitaker as an Independent Director. Whitaker's appointment, which is subject to regulatory and shareholders' approvals, comes as the term of Venkataramani Sumantran as an Independent Director ends on May 27. Sumantran, who is currently a Non Executive Independent Director and Chairperson, has decided not to seek re-appointment for a second term, according to a BSE filing. "Mike's deep and varied industry and government experience will contribute significantly to having an effective and diverse board. His focus on efficiency, operations, air safety as head of the FAA will reinforce IndiGo's longstanding focus on operating at the highest levels. "Also, his extensive experience in international governmental affairs will be hugely instrumental as IndiGo continues its global expansion," IndiGo's

Airtel, Bajaj Finance, IndiGo: At new highs; are they worth your portfolio?

Technical charts suggest that shares of Bharti Airtel, Bajaj Finance and IndiGo can potentially appreciate another 15% from present levels; here are the key support and resistance levels to track.

IndiGo stock hits all-time high; surges 12% in 1-month on healthy outlook

Since January 22, 2025, the stock price of IndiGo has zoomed 32% after the company reported a better than expected 14% YoY growth in revenue, led by a 13% YoY rise in passenger volumes in Q3FY25.

Oil-linked stocks trade mix after crude oil prices fall below $70/barrel

Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand

Clear sky ahead: IndiGo set to gain further altitude in the long-run

IndiGo leads with its operational metrics, including on-time performance, aircraft utilisation, and cost efficiencies such as a fuel-efficient fleet and streamlined network optimisation

IndiGo's market capitalisation hits Rs 2 trillion; rallies 25% from Feb low

IndiGo share price has rallied 10 per cent so far in the current week, including the 2 per cent gain in the stock price today

IndiGo stock soars 5%, hits record high on strong growth outlook

In the past two months, shares of InterGlobe Aviation have rallied 18 per cent after the company reported a better than expected growth in revenue, and an increase in passenger volumes.

IndiGo's parent firm approves $45 million investment in IFSC subsidiary

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will invest up to USD 45 million in its subsidiary InterGlobe Aviation Financial Services IFSC Pvt Ltd. The investment was approved by InterGlobe Aviation's board during its meeting on Wednesday. In one or more tranches, the investment of "up to Rs 3,940 million (USD 45 million approximately)", will be made in the IFSC subsidiary, according to a regulatory filing. "This investment will be utilised by IndiGo IFSC towards financing of aviation assets, repayment of its outstanding loan and for other general corporate purposes," the filing said. IndiGo IFSC, engaged in aircraft and aircraft engine leasing and providing financial services for such transactions, was incorporated in October 2023.