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Interglobe Aviation Ltd News

IndiGo to keep flying high: Analysts see up to 34% upside; UBS says 'Buy'

UBS in a note on the company said that it expects Indigo's market share gains in international travel to continue, further aided by A321 XLRs and A350s in the medium to long term

IndiGo to keep flying high: Analysts see up to 34% upside; UBS says 'Buy'
Updated On : 01 Jul 2024 | 11:53 AM IST

Bet on these stocks to mint money on your friend's big fat Indian wedding

An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States

Bet on these stocks to mint money on your friend's big fat Indian wedding
Updated On : 24 Jun 2024 | 9:01 AM IST

IndiGo, Garuda Aviation Academy to train fresh pilots as junior officers

No-frills carrier IndiGo on Thursday said it has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. The 21-month course includes a three-month ground schooling at Garuda Aviation Academy training centre in Gurugram, followed by 12 months of training at 43 Air School in South Africa, which has a track record of training over 6,000 ab-initio pilots over the years, IndiGo said. Over the last 13 years, the airline said, it has formed eight such partnerships and inducted over 1,000 pilots through these full training programmes, including commercial pilot licence and A320 type rating, the airline said. These courses start right from cadet selection to induction into the airline as a pilot, according to the airline. "The partnership with Garuda Aviation Academy will bolster our Cadet Pilot Programme. We believe that this 21-month course will successfully foster the next generation of skilled pilots who wil

IndiGo, Garuda Aviation Academy to train fresh pilots as junior officers
Updated On : 20 Jun 2024 | 10:54 PM IST

InterGlobe Aviation to receive compensation from P&W for engine issues

InterGlobe Aviation -- the parent company of no-frills carrier IndiGo -- on Friday said it will receive a "customised" compensation from aircraft engine maker Pratt & Whitney's affiliate firm International Aero Engine (IAE) for grounded aircraft. "On June 14, 2024, InterGlobe Aviation Ltd finalized an amendment to the existing agreement with International Aero Engines, LLC, an affiliate of Pratt & Whitney pursuant to which IAE will provide IndiGo with a customized compensation in relation to the ongoing situation of aircraft on ground due to unavailability of engines," InterGlobe Aviation said in a regulatory filing. The company, however, did not give the amount of compensation. A good number of IndiGo aircraft are grounded amid supply chain and engine issues. In February, the airline had said the number of aircraft on ground was in the mid-70s. The Gurugram-based budget carrier airline is the only profit-making domestic carrier. It reported more than doubling of profit after .

InterGlobe Aviation to receive compensation from P&W for engine issues
Updated On : 14 Jun 2024 | 9:27 PM IST

IndiGo to operate direct flights from Durgapur to Bhubaneswar, Bagdogra

Low-cost carrier IndiGo has announced new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. These new flights will commence on August 30, a statement by the airline said. Flights between Durgapur and Bhubaneswar will operate daily, Durgapur-Bagdogra four times a week, and Durgapur-Guwahati thrice a week, the statement added. Vinay Malhotra, head of global sales at IndiGo, said, "We are pleased to announce new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. With these direct flights, we aim to provide our customers with further seamless connectivity." With the addition of these services, IndiGo will now operate 42 weekly flights from Durgapur, significantly enhancing trade, travel, and tourism across eastern India, the statement said. The introduction of these flights will further strengthen the airline's domestic connectivity. Before the introduction of these new routes, travel between Durgapur and Bhubaneswar, Bagdogra, and Guwahati took ..

IndiGo to operate direct flights from Durgapur to Bhubaneswar, Bagdogra
Updated On : 13 Jun 2024 | 8:06 PM IST

IndiGo stake sale to raise funds to scale up hospitality biz: IGE

Citigroup bought 3.1 million shares for Rs 1,362 crore

IndiGo stake sale to raise funds to scale up hospitality biz: IGE
Updated On : 11 Jun 2024 | 9:12 PM IST

IndiGo shares fall over 4% after 11 mn shares change hands via block deal

IndiGo block deal: Reports suggest Rahul Bhatia-led InterGlobe Enterprises was the likely seller of its 2 per cent stake

IndiGo shares fall over 4% after 11 mn shares change hands via block deal
Updated On : 11 Jun 2024 | 10:39 AM IST

Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo

Stocks to Watch today: Rahul Bhatia's promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in IndiGo Airlines through a block deal on Tuesday

Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo
Updated On : 11 Jun 2024 | 8:00 AM IST

IndiGo should not be branded as a low-cost carrier: CEO Pieter Elbers

A codeshare partnership between two carriers allows each airline to sell seats on the other's flights

IndiGo should not be branded as a low-cost carrier: CEO Pieter Elbers
Updated On : 05 Jun 2024 | 8:38 PM IST

IndiGo looking at various options for financing fleet of wide-body plane

IndiGo is looking at various financing options for the wide-body planes that are expected to join the airline's fleet in 2027. Speaking at a session at the CAPA India Aviation Summit 2024 here, IndiGo CEO Pieter Elbers on Wednesday said having a strong balance sheet is an asset. In April, IndiGo announced placing a firm order for 30 A350-900 aircraft and also the option to buy 70 more such planes. "We keep all options open...we are already (looking) at various financing options," Elbers said with respect to wide-body aircraft. At present, IndiGo has a fleet of more than 360 planes apart from two Boeing 777 aircraft leased from Turkish Airlines. The wide-body planes are expected to come in 2027 while the A321 XLR aircraft will join the fleet next year. With XLRs, IndiGo can operate more routes and destinations, Elbers said and added that its huge plane orders are part of a long term plan. IndiGo will also be introducing business class seats later this year. In June last year, In

IndiGo looking at various options for financing fleet of wide-body plane
Updated On : 05 Jun 2024 | 8:15 PM IST

IndiGo eyes lesser-known international destinations for next growth phase

It made a successful push into central Asia last year with flights to less-frequented cities like Baku, Almaty, Tashkent and Tbilisi, opening travel destinations void of major competition

IndiGo eyes lesser-known international destinations for next growth phase
Updated On : 04 Jun 2024 | 12:04 AM IST

Japan Airlines signs a codeshare pact with IndiGo to expand its services

Japan Airlines on Monday said it has entered into a codeshare arrangement with IndiGo, which would help the Japanese carrier expand services to 14 destinations of the domestic carrier's network. At present, Japan Airlines operates its services to Delhi and Bengaluru from Tokyo. It offers daily flight services to the national capital from Haneda Airport, while its thrice-a-week services to Bengaluru are operated from Narita Airport. "Japan Airlines (JAL) and IndiGo have agreed on codeshare partnership which will benefit the customers by providing more travel options between Japan and India," a statement said. The codeshare partnership will allow Japan Airlines to strengthen its connectivity into India initially, while enabling more travel options for IndiGo customers on JAL's extensive domestic and international network in later phases, the statement said. The partnership will enable codeshare on India routes that connect to JAL-operated flights from/to Delhi and Bengaluru, as per t

Japan Airlines signs a codeshare pact with IndiGo to expand its services
Updated On : 03 Jun 2024 | 2:47 PM IST

IndiGo flight lands in 'full emergency' after bomb threat; all exit safely

An IndiGo flight operating from Chennai to Mumbai with 172 persons on board landed in full emergency conditions here on Saturday after it received a bomb threat, sources have said. The flight landed at around 8.45 am and the passengers' deplaning has been completed using the step ladder, a source said. This is the second such incident involving an IndiGo flight in the past week. On May 28, an IndiGo Varanasi flight from Delhi had received an alleged bomb threat. Full emergency was declared for IndiGo flight 6E5314, operating on Chennai-Mumbai route on Saturday after the pilot informed the Mumbai ATC of an alleged bomb threat to the aircraft, the source said. Confirming the alleged bomb threat to its Chennai-Mumbai flight, IndiGo said in a statement, Upon landing in Mumbai, the crew followed protocol and the aircraft was taken to an isolation bay as per security agency guidelines. All passengers have safely disembarked the aircraft, which is currently undergoing inspection, it ...

IndiGo flight lands in 'full emergency' after bomb threat; all exit safely
Updated On : 01 Jun 2024 | 12:00 PM IST

IndiGo reportedly buying 100 more ATR planes: How will it change things?

Turboprop planes have helped IndiGo rule the regional aviation network for the last five years. And there might be more coming

IndiGo reportedly buying 100 more ATR planes: How will it change things?
Updated On : 31 May 2024 | 11:17 PM IST

IndiGo derosters 6 crew members over Delhi-Varanasi flight bomb scare event

IndiGo has derostered two pilots and four cabin crew members of the Delhi-Varanasi flight that saw 176 passengers being evacuated after a bomb threat earlier this week, according to sources. On May 28, following the bomb threat, which later turned out to be hoax, all the passengers were evacuated through emergency slides from the aircraft at the Delhi airport. In a video clip of the evacuation that went viral on social media, a pilot was seen coming out of the aircraft through the emergency slide with a baggage. Under international norms, passengers and crew are not permitted to take their baggage at the time of evacuation as that will increase the time for evacuation. The wet-leased aircraft was to operate the flight from the national capital to Varanasi on the morning of Tuesday (May 28). One of the sources said the two pilots, who were from the lessor company, four IndiGo cabin crew members have been derostered. Generally, under the wet lease arrangement, crew, insurance and ot

IndiGo derosters 6 crew members over Delhi-Varanasi flight bomb scare event
Updated On : 30 May 2024 | 11:07 PM IST

IndiGo airlines reschedules and cancels some flights due to Cyclone Remal

According to the Kolkata Airport Authority, a total of 394 flights that were scheduled for arrival or departure including domestic and international have been suspended from Sunday noon to Monday 9 am

IndiGo airlines reschedules and cancels some flights due to Cyclone Remal
Updated On : 26 May 2024 | 5:44 PM IST

IndiGo taps premium as economy fare slips and business class zooms

This trend underscores that Air India and Vistara, both Tata Group airlines and the only carriers in India with business class offerings, are capitalizing on the opportunity to charge premium prices

IndiGo taps premium as economy fare slips and business class zooms
Updated On : 24 May 2024 | 9:32 PM IST

IndiGo stock strategy: Up to 18% upside seen post Q4; check target prices

IndiGo share price: IndiGo has announced a plan to launch a tailor-made business product for India's busiest and business routes

IndiGo stock strategy: Up to 18% upside seen post Q4; check target prices
Updated On : 24 May 2024 | 11:06 AM IST

IndiGo Q4 results: Net profit doubles amid high demand for air travel

Set to offer business class by end of this year

IndiGo Q4 results: Net profit doubles amid high demand for air travel
Updated On : 23 May 2024 | 8:32 PM IST

IndiGo Q4 results: Net profit zooms 106% to Rs 1,895 crore, revenue up 26%

IndiGo Q4 FY24 results: The company reported a 25.9% year-on-year growth in revenue from operations at Rs 17,825.27 crore, from Rs 14,160.6 crore

IndiGo Q4 results: Net profit zooms 106% to Rs 1,895 crore, revenue up 26%
Updated On : 23 May 2024 | 4:40 PM IST