Interglobe Aviation Ltd News

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IndiGo's Milestone: 1 Lakh Crore Market Value | Mint Primer | Mint

Interglobe Aviation Ltd, Which Operates Budget Carrier Indigo, Has Become India's Leading Airline To Cross ₹1 Trillion In Market Capitalization (Mcap) On June 28. The Stock Hit A 52-Week High Of ₹2,634.25 On The Bse Earlier In The Session Today, With A Market Value Of ₹1.01 Trillion. Shares Of Indigo Settled 3.55 Per Cent Higher At ₹2,619.85 A Piece On The Bse, Compared To The Previous Close Of ₹2,529.95.

7 Jul 2023
Markets

SpiceJet investors banking on a bailout that secures their interest

The government may need to go beyond providing guarantees to lenders  and  infuse equity if keen on airline’s survivalEven after the lockdown lifts, airlines will be operating at far lower load factors and generating cash will be a challenge

1 min read7 Apr 2020
Companies

IndiGo to place 'record' aircraft order with Airbus SE soon

'The order could be officially placed as early as this week,' the people mentioned above said requesting anonymityThe upcoming order will add impetus to IndiGo's plans to expand its international network

1 min read29 Oct 2019
Companies

IndiGo founders said to ready compromise deal

Independent directors may vet every related party transaction under new accordThe AoA of InterGlobe will be amended to expand the board to 10 directors from six

2 min read22 Jul 2019
Markets

IndiGo’s profits soar in June quarter, but what its investors want is peace

Of course, all this is not to take away from the impressive performance in the June quarterInvestors would rather have a firm resolution on the matter, than the company’s well-intentioned assurances

2 min read21 Jul 2019
Companies

A partnership falls victim to a clash of rivalling personal ambitions

Issues between Gangwal and Bhatia, pertaining to growth strategy of IndiGo, have built up over a period of timeGangwal, a former chief executive and chairman of US Airways Group, had conceived IndiGo from scratch when he joined hands with Bhatia in 2004

2 min read11 Jul 2019
Companies

IndiGo to buy jet engines worth $20 billion from CFM

The airline, operated by InterGlobe Aviation Ltd, currently has a fleet of over 230 aircraft consisting of Airbus A320, Airbus A320neo and Airbus A321 planesThe airline will add 53 narrow body aircraft, including 15 Airbus A321, during the current fiscal year

1 min read18 Jun 2019
Markets

Turbulence at the top is bad news for InterGlobe Aviation investors

Reports of a rift between two large shareholders led to a ₹5,600-crore drop in IndiGo’s market capInvestors are worried about delays in decision-making as a result of the differences at the top

2 min read16 May 2019
Companies

IndiGo says hailstorm led to flight cancellations, delays

More than 50 flights of India’s largest domestic carrier were cancelled in past 3 daysAn industry official said that pilot and cabin crew shortage at IndiGo led to flight disruptions

2 min read11 Feb 2019
Companies

Timeline: The turbulent journey of Jet Airways

The Tata conglomerate is now likely to be the potential white knight for the debt-laden company

3 min read26 Nov 2018
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