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Indian Airline Indigo shares fall over 3% on Founders dispute

11Jul By NitishNo Comments

Market

Indian Airline Indigo shares fall over 3% on Founders dispute

NEW DELHI: Shares of InterGlobe Aviation extend losing streak for the second consecutive session and fell over 3 per cent amid a tussle between the co-promoters Rakesh Gangwal and Rahul Bhatia. InterGlobe Aviation is the parent of India's leading airline service IndiGo. On the BSE, the scrip declined 3.07 per cent to close the counter at ₹1,354.85. During the day, the shares slumped 8.93 per cent to touch the low of ₹1,272.90. On the NSE, the shares opened lower and tumbled 8.93 per cent to a low of ₹1,273.20. The shares finally settled at ₹1,352 falling 3.29 per cent. In terms of equity volume, 7.12 lakh shares were traded on the BSE, while over 1.21 crore units exchanged hands on the NSE during the day. Shares of the company on the...

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

28May By Gauri SinghNo Comments

News

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

The budget carriers Air India Express and IndiGo (InterGlobe Aviation Ltd) have made it to the top five cheapest airlines in the world in providing international connectivity. This seems to be an achievement for the country, where the wholly-owned subsidiary of state-run carrier Air India Express has been ranked second whereas the low-cost carrier IndiGo has been placed at the fifth position by the Global Flight Pricing Report prepared by Melbourne-based multimodal travel planning site called Rome2rio. In addition to this, the Jet Airways and Air India have also been placed at the 12th and 13th rank respectively by the report. The Global Flight Pricing Report compared 200 major airlines across the globe to reach the conclusion on the basis of average price per kilometer. The airline ...

Breaking: First Indian Airline Which Operates Record 1000 Flights Daily

24Dec By AdityaNo Comments

BUSINESS

Breaking: First Indian Airline Which Operates Record 1000 Flights Daily

Budget carrier IndiGo has become the first Indian airline to operate over 1,000 daily flights across its domestic and international network. Besides, the Gurgaon-based airline has also attained a fleet size of 150 aircraft with the induction of one more A320 Neo plane, it said in a release today. The dual feat was achieved on Friday, it said. Flight 6E 185 from Mumbai to Cochin took off on December 22 at 23.15 pm to become 1,000th flight for the first time in the history of Indian civil aviation, the airline said. IndiGo also took the delivery of its 31st Airbus A-320 Neo aircraft on the same day, which raised its fleet size to 150 aircraft, it said. IndiGo is the second airline in the country with a fleet size of 150 planes after disinvestment-bound flag carrier Air India. ...

Not Fully Giving Lower Fuel Cost Benefits To Customers: IndiGo

10May By Press Trust of IndiaNo Comments

News

Not Fully Giving Lower Fuel Cost Benefits To Customers: IndiGo

Amid rising concerns over higher airfares despite fall in oil prices, no-frills airline IndiGo has acknowledged that it is not "passing on all" the benefits accruing from lower fuel costs to the customers. The steep fall in international crude oil prices in recent times has provided a boost for airlines as ATF (Aviation Turbine Fuel) costs account for over 40 percent of a carrier's total operating costs. IndiGo President and Whole Time Director Aditya Ghosh said the airline continues to use the low-cost fuel opportunity to lower fares and register strong increases in passenger numbers. However, the full benefits of fall in fuel prices are not passed on to the customers, he said. "If you look at fourth quarter (January-March 2015-16), then fuel prices came down 29.5 percent whereas the a...

Inspirational story of Shrikant Pantawane, auto driver turned Indigo Pilot

15Jun By NitishNo Comments

News

Inspirational story of Shrikant Pantawane, auto driver turned Indigo Pilot

IndiGo, on Monday, shared on micro-blogging site Twitter, an excerpt of Mr Pantawane's exceptional story which features in their in-house magazine for the month. Make sure you catch the inspirational story of Shrikant Pantawane,auto driver turned pilot, in this month's Hello 6E! pic.twitter.com/09nirwwa0D — IndiGo (@IndiGo6E) June 15, 2015 Born and raised in Nagpur, Mr Pantawane's father worked as a security guard. His humble background meant Mr Pantawane had to start earning early and he juggled school with a job as a delivery boy, driving around in an auto. It was during an airport delivery that Mr Pantawane struck up a conversation with a tea-stall vendor there and learnt of the pilot scholarship program run by aviation regulator DGCA or the Directorate General of Civil Aviation...