Air India Express, the no frills airline that is part of the Air India family, was the only one to make money in the financial year gone by, while others lost between 3 paise to 2.88 rupees for every kilometer that their passengers traveled during the year. As expected, the biggest loser among the big […]
InterGlobe Aviation, the company that operates Indigo Airlines, reported a bigger-than-expected net loss for the second quarter as fuel costs zoomed 84%. Net loss came in at Rs 652.1 cr for the quarter ended September 2018 compared to a net profit of Rs 552 cr last year. The “higher fuel prices [were] responsible for more […]
Responding to media reports that 12 of its Airbus A320 Neo aircraft have now been grounded, Interglobe Aviation, which operates the IndiGo Airlines, denied that any new development had taken place in this regard that merited public disclosure. “There is nothing material at this stage to comment beyond our earlier letter…” it said, referring to […]
Aviation minister Jayant Sinha said India’s largest airline Indigo and competitor Go Air can use their grounded planes if they are able to secure ‘alternative engines’ to be used in place of the faulty ones. “We do not consider these engines safe,” Sinha said in the context of the aviation sector regulator’s directive to ground […]
Jet Airways said it will challenge the order of the Competition Commission of India to impose a fine of Rs 39.81 cr for allegedly colluding with its rivals to fix air fares. In a statement on Wednesday, the Competition Commission said Jet Airways, SpiceJet and IndiGo engaged in “concerted action in fixing and revising Fuel […]
InterGlobe Aviation, the company that operates the country’s largest airline Indigo said the company would raise Rs 2,530 cr by issuing fresh shares. At the same time, existing shareholders of the company would raise Rs 1,265 cr by selling some of their shares as well, the company said. The total size of the offering would […]
IndiGo Airlines, India’s largest airline by far, is in no mood to go easy on its rapid expansion in coming years, the company said. The company, which accounted for 85% of the total capacity added in the country in the last five years and grew its seats at 24% per year on average, plans to […]
InterGlobe-owned Indigo turned out to be the big winner in Indian aviation sector in 2016, increasing its domination of the Indian skies relentlessly through the year. It was a good year for Indian aviation as low fuel prices kept fares affordable, leading to a 23% jump in total passengers to 99.9 million; almost 10 cr […]
