Turbulence at the top is bad news for InterGlobe Aviation investors
5 years, 7 months ago

Turbulence at the top is bad news for InterGlobe Aviation investors

Live Mint  

Disagreements between major shareholders can be an expensive affair. Take the case of InterGlobe Aviation Ltd, which runs IndiGo, India’s largest airline. “With India exhausting bilateral flying rights on most short-haul destinations, vacation of slots by Jet is a positive for airlines, such as IndiGo, SpiceJet and Vistara, who are all aspiring to ramp-up their international operations,” wrote Garima Mishra of Kotak Institutional Equities in a report on 18 April. In fact, the stock has doubled from its lows seen in October 2018, as capacity constraints owing to Jet Airways’ troubles meant others airlines would gain in terms of market share and slots. According to The Economic Times, while both major shareholders believe IndiGo can occupy the vacant slots left behind by Jet Airways, they differ on how to grab this opportunity.

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History of this topic

‘IndiGo treats its passengers badly’: Padma Shri awardee slams airline; social media responds
1 week, 5 days ago

‘IndiGo treats its passengers badly’: Padma Shri awardee slams airline; social media responds

Live Mint  

Padma Shri awardee, and former board member at Infosys, Mohandas Pai criticised IndiGo airlines on Sunday, December 29, after the budget carrier allegedly made passengers at Bengaluru wait in an aircraft for long hours without any air conditioning. ‘IndiGo will go to any extent…’ Several other users added to the criticism, alleging that IndiGo can go to extent for cutting …

IndiGo's 100% stock rally: What comes next?
4 weeks, 1 day ago

IndiGo's 100% stock rally: What comes next?

Live Mint  

Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering. Improved connectivity and expanding infrastructure will not only bring more passengers into the fold but also reinforce IndiGo’s position as a market leader in India’s soaring aviation sector. Scaling with market growth: India’s aviation sector is poised for exponential …

IndiGo, a longtime Airbus customer, is now adding Boeing planes
1 month ago

IndiGo, a longtime Airbus customer, is now adding Boeing planes

Live Mint  

Surprising as it may sound, the airline with the largest order book with Airbus is inducting more Boeing 737 MAX 8 aircraft into its fleet, albeit on wet-lease. It has seen the transfer of routes from the mainline carrier and also the transfer of aircraft from Air India to Air India Express. With a cost structure lower than Air India …

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines
1 month ago

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines

Live Mint  

Low-cost carrier IndiGo refuted an AirHelp survey which alleged that the airline came among the worst on the basis of certain parameters including punctuality, reported the news agency PTI on Wednesday, December 4. The survey conducted compared the world's biggest and most popular airlines and rated them according to their punctuality, the airline's quality of service, and how well the …

IndiGo: Navigating turbulence as market leader
1 month ago

IndiGo: Navigating turbulence as market leader

Live Mint  

On 17 November, India’s domestic air traffic surpassed half a million passengers in a single day for the first time, marking a milestone for the country's aviation industry. In October, the last full month with available data, India’s top airline, IndiGo, expanded its already outsized market share for the fourth straight month, to nearly match its all-time high of 63.4% …

One market, two models: How a Vistara-enhanced Air India will take on budget airlines like IndiGo
1 month, 4 weeks ago

One market, two models: How a Vistara-enhanced Air India will take on budget airlines like IndiGo

Firstpost  

The merger of Vistara with Air India sets the stage for a fierce battle between full-service luxury and budget-friendly options as IndiGo continues to dominate the low-cost market On November 12, 2024, the Indian aviation industry will see a major shift with Vistara, a full-service airline jointly owned by Tata Group and Singapore Airlines, merging with Air India, which is …

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order
2 months ago

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order

Hindustan Times  

The 1.43 lakh retail shareholders of Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline's liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid. Naresh Goyal, chairman of Jet Airways According to exchange data, retail investors currently own 19.29% of Jet Airways Ltd shares. This amounts …

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline
2 months, 1 week ago

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline

Live Mint  

Rakesh Gangwal, the co-founder of IndiGo, has left the airline industry after a significant disagreement over corporate governance issues. Gangwal's decision to sell off his stake in IndiGo has raised concerns about the future direction of the airline. Despite facing challenges from the pandemic, IndiGo has been able to maintain its position as a low-cost airline in India. Gangwal's acquisition …

IndiGo's Engine Troubles: A Grounding Odyssey
2 months, 2 weeks ago

IndiGo's Engine Troubles: A Grounding Odyssey

Live Mint  

IndiGo's recovery from aircraft grounding is progressing, with the number of non-operational planes expected to decline below 60 by the end of the year and below 40 by March. The airline has seen a healthy recovery in revenue, driven by strong demand from India's growing pool of upwardly mobile passengers. However, the faulty engines have taken a toll on the …

Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million
6 months, 4 weeks ago

Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 million

Live Mint  

Interglobe Enterprises Private Ltd, led by Rahul Bhatia, is set to sell stake worth $394 million in Interglobe Aviation, the parent company of Indigo Airlines, through a block deal, Moneycontrol reported citing multiple sources, putting the focus on its share price. The Interglobe Aviation share price was trading in red, down 3.31 per cent at ₹4411.50 on June 11, at …

IndiGo’s new Airbus order: What it means for India’s largest airline
8 months, 2 weeks ago

IndiGo’s new Airbus order: What it means for India’s largest airline

Hindustan Times  

The first hint of IndiGo’s widebody plans had come up in 2017. IndiGo’s new Airbus order: What it means for India’s largest airline IndiGo - the country’s largest carrier, has “agreed” to place a firm order for 30 A350-900 aircraft with Airbus. Dreams in place since 2017 IndiGo’s intention to express interest in international operations of Air India group made …

Airfares are soaring amid turbulence in civil aviation
8 months, 4 weeks ago

Airfares are soaring amid turbulence in civil aviation

Live Mint  

With India’s civil aviation sector going through turbulence, fliers are being forced to tighten their budgetary belts, as airfares have soared at a dizzying angle. For a quick explanation, Exhibit ‘A’ is Tata-run Vistara’s recent declaration of scaling back operations by about 25-30 flights per day, or roughly 10% of its capacity, amid a shortage of pilots. After Air India’s …

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark
9 months ago

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark

Live Mint  

IndiGo has now become the world's third-largest airline in terms of market capitalistaion with shares of the operator InterGlobe Aviation Limited soaring nearly five per cent to achieve a lifetime record-high mark during intra-day on Wednesday, April 10. Apart from today's gain, IndiGo shares have rallied nearly 22 per cent in the last one month, which has now taken the …

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?
9 months, 3 weeks ago

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?

Hindustan Times  

IndiGo share price: The share price of IndiGo rose almost 3 per cent as it hit its fresh record high of ₹3,339 on BSE today. The share price rose about 2.8 per cent to hit its fresh all-time high level and traded 1.25 per cent higher at ₹3,288.65. IndiGo share price: In the past one year, the stock has gained …

IndiGo: CEO Pieter Elbers Addresses Key Issues and Assures Passenger-Friendly Future
1 year, 2 months ago

IndiGo: CEO Pieter Elbers Addresses Key Issues and Assures Passenger-Friendly Future

News 18  

In the ever-evolving aviation industry, IndiGo has made headlines recently with a series of bold decisions and reactions, stirring conversations both within and outside the airline’s corridors. In a recent exclusive interview with CNN News18, IndiGo’s CEO Pieter Elbers shed light on some of the airline’s most pressing issues, from fuel charges to engine problems, and the future of India’s …

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity
1 year, 2 months ago

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity

News 18  

IndiGo Q2 Results: InterGlobe Aviation, the owner of India’s largest airline IndiGo, on Friday posted a profit after tax of Rs 188.9 crore for the second quarter ended September 30, 2023, on the back of higher air traffic and increased capacity. IndiGo’s total income in July-September 2023 jumped 20.6 per cent to Rs 15,502.9 crore. IndiGo said passengers increased by …

IndiGo share price falls 5% after Q1 results; what should investors do?
1 year, 5 months ago

IndiGo share price falls 5% after Q1 results; what should investors do?

Live Mint  

InterGlobe Aviation share price fell over 5 per cent in morning trade on BSE on Thursday a day after the company reported record quarterly profit for the June quarter of the current financial year. Brokerage firm JM Financial has a 'hold' call on IndiGo stock with a target price of ₹2,270 as it said Rakesh Gangwal’s impending stake sale will …

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine
1 year, 6 months ago

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine

Live Mint  

Sensex and Nifty rallied in the final hour to reach near all-time high closing points after remaining in the red in the first half. BHARAT AGRI FERT & REALTY More Information Share Market Today: Nifty Bank continues to remain under pressure with most stocks trading in the red View Full Image Nifty Bank InCred Equities on IndiGo: At current prices, …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Deccan Chronicle  

PARIS/DELHI: Europe's Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. Efforts by Indian carriers to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records …

IndiGo hits record market share in domestic aviation
1 year, 6 months ago

IndiGo hits record market share in domestic aviation

Live Mint  

IndiGo, India’s largest airline, achieved a record market share of 61.4% in the domestic civil aviation industry in May, according to data from the Directorate General of Civil Aviation. Air India group airlines also registered more than 90% load factors with Air India at 90.1% compared to 87.9% a month ago, Vistara at 93.2%, and Air Asia India at 92.8% …

Interglobe Aviation share price: Should you buy, sell or hold this airline stock
1 year, 7 months ago

Interglobe Aviation share price: Should you buy, sell or hold this airline stock

Live Mint  

India's largest airline in terms of market share, Intergloble Aviation traded on a volatile note on Friday after its fourth quarterly figures for FY23. Read here: SBI share price rises 2% on strong Q4 earnings; key positives for this PSB stock ahead During this quarter, Indigo's capacity increased by 49.2% to 30.4 billion, while passenger numbers increased by 60.5% to …

Why airlines keep folding in India’s booming aviation market
1 year, 8 months ago

Why airlines keep folding in India’s booming aviation market

Live Mint  

Go Airlines India Ltd. this week became the latest victim in the battle of the skies over India. Go, run by cookie-to-clothing magnate Nusli Wadia’s group, is the third high-profile carrier majority owned by a billionaire that has ceased to fly in the past 11 years. Modi has committed to steer the state away from business, proving his credentials by …

Explained: Why IndiGo shares surged sharply today
1 year, 8 months ago

Explained: Why IndiGo shares surged sharply today

India Today  

Shares of budget carrier IndiGo’s parent company Interglobe Aviation Limited surged sharply on Wednesday. Lenders to Go First, including Central Bank of India, Bank of Baroda, IDBI, and Axis Bank, saw their shares fall in early trade as the insolvency filing came as a surprise to them. Another airline, Spicejet, which is also struggling with its own set of financial …

IndiGo pits Boeing against Airbus in record jet order talks: Report
1 year, 10 months ago

IndiGo pits Boeing against Airbus in record jet order talks: Report

Live Mint  

Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said. India's largest airline has until now been an exclusive buyer of narrow-body jets from Airbus and French Finance Minister Bruno …

‘IndiGo watchful of Air India; it’s arrogant to ignore rivals’
1 year, 10 months ago

‘IndiGo watchful of Air India; it’s arrogant to ignore rivals’

Live Mint  

IndiGo until now had the unique distinction of being the Indian carrier that sets the trend in the market with record plane orders. However, that changed on Tuesday with Air India announcing a historic confirmed order for 470 planes, joining IndiGo in becoming the second Indian airline with nearly 500 planes on order. In an interview, IndiGo chief executive Pieter …

Air India inches closer to seal half of jumbo plane order
1 year, 11 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Why the challenge to IndiGo hasn't taken off
2 years, 4 months ago

Why the challenge to IndiGo hasn't taken off

Live Mint  

NEW DELHI : In July this year, as passengers flocked to airports and the domestic aviation business picked up steam, the country’s largest airline appeared to sputter. IndiGo reported an On Time Performance of 80.8% that month from the four large metro airports, lagging every other scheduled domestic airline except Alliance Air, according to data from aviation regulator Directorate General …

IndiGo, SpiceJet shares rise as govt lifts cap on flight ticket prices
2 years, 4 months ago

IndiGo, SpiceJet shares rise as govt lifts cap on flight ticket prices

Live Mint  

A day after the civil aviation ministry said it will remove the cap on flight ticket prices which was imposed two years ago due to the coronavirus pandemic, shares of Indian domestic airlines, Spicejet and IndiGo rose today. Shares of IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to ₹2084.6 while smaller SpiceJet Ltd jumped as much as …

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta
2 years, 5 months ago

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta

The Hindu  

IndiGo expects to be on the “profitable growth” path soon as the pandemic-triggered crisis seems to be ending and the airline is also working to address the issues of employees, according to its CEO Ronojoy Dutta. I assure you that we are working on resolving each and every issue to ensure that we continue our journey to become better than …

A Stormy Flight Path for Rakesh Jhunjhunwala’s Akasa in the Turbulent Aviation Industry
3 years, 5 months ago

A Stormy Flight Path for Rakesh Jhunjhunwala’s Akasa in the Turbulent Aviation Industry

News 18  

The Indian aviation community is abuzz with the news of a new airline being added to the fleet. And why now in the midst of a pandemic?” The Indian aviation market comprises six large airlines: IndiGo, SpiceJet, GoAir, AirAsia India, Vistara and Air India. In fact, it may go a step further to attempt an ultra-low cost model, which in …

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground
3 years, 5 months ago

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

The Hindu  

Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Mr. Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s …

IndiGo to raise at least ₹20 billion via leaseback
4 years, 5 months ago

IndiGo to raise at least ₹20 billion via leaseback

Live Mint  

BENGALURU/NEW DELHI: IndiGo, India's largest airline, said on Wednesday it planned to raise at least ₹20 billion through the sale and leaseback of planes and other assets, after reporting its steepest quarterly loss in at least five years. Chief Financial Officer Aditya Pande said the airline, owned by Interglobe Aviation Ltd, would consider raising even more than 20 billion rupees …

Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia
4 years, 7 months ago

Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia

Firstpost  

Virgin Australia is one of the first major airlines to seek bankruptcy protection in response to the pandemic InterGlobe Enteprises, the biggest shareholder for India’ largest airline IndiGo, is joining a list of bidders who have shown interest in Virgin Australia, Australia’s second-largest aviation company. Deloitte, the administrator for Virgin Australia, is seeking indicative bids by Friday and binding offers …

Airline shares tumble up to 14 pc; IndiGo hits 52-week low
4 years, 9 months ago

Airline shares tumble up to 14 pc; IndiGo hits 52-week low

India TV News  

Airline stocks plunged into deep red on Friday due to the ongoing travel restrictions in the wake of coronavirus outbreak. InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875. In the afternoon session, the Sensex was trading higher by 937 points or 2.86 per cent …

Airline shares tumble as global travel restrictions hit investor sentiment
4 years, 9 months ago

Airline shares tumble as global travel restrictions hit investor sentiment

India TV News  

Airline stocks faced heavy headwinds on Thursday as concerns over enhanced travel restrictions amid spreading of coronavirus infections rattled investor sentiment. Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent. InterGlobe Aviation, the parent of the country's largest airline IndiGo tumbled 10 per cent …

Air India sale: India discusses with nine companies, including IndiGo, Tata Sons and IAG
4 years, 11 months ago

Air India sale: India discusses with nine companies, including IndiGo, Tata Sons and IAG

Live Mint  

Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India’s biggest airline that’s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as …

'Golden age' for Indian aviation sector; fundamentals strong: IndiGo chief
5 years, 1 month ago

'Golden age' for Indian aviation sector; fundamentals strong: IndiGo chief

India TV News  

With strong fundamentals, India's civil aviation sector is in its "golden age" and there is also healthy competition among domestic carriers, IndiGo CEO Ronojoy Dutta has said. Interestingly, the country's civil aviation sector has been experiencing lower growth in traffic compared to previous years and there has also been softness in fares in October, according to industry experts. "We are …

Have no interest in Air India, only IndiGo: Qatar Airways CEO
5 years, 2 months ago

Have no interest in Air India, only IndiGo: Qatar Airways CEO

India TV News  

Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore and London to entice investors for the Indian national carrier's disinvestment. Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as …

IndiGo says systems down, likely to hit operations; flyers take to Twitter to raise concerns
5 years, 2 months ago

IndiGo says systems down, likely to hit operations; flyers take to Twitter to raise concerns

Firstpost  

IndiGo, owned by Interglobe Aviation Ltd, is the country’s largest carrier with a nearly 50% share of the domestic market. Bengaluru: India’s largest airline IndiGo said its systems were down across the network since Monday morning, and that it expects operations at airports to be impacted as a result. IndiGo, owned by Interglobe Aviation Ltd, is the country’s largest carrier …

IndiGo becomes member of global airlines body IATA; CEO says partnership will help airline share best practices
5 years, 2 months ago

IndiGo becomes member of global airlines body IATA; CEO says partnership will help airline share best practices

Firstpost  

New Delhi: Budget carrier IndiGo on Wednesday announced that it has become a member of International Air Transport Association which represents around 290 airlines across the world, comprising 82 percent of global air traffic. “With over 60 offices worldwide, IATA maintains relationships with governments and other industry stakeholders around the world, advocating on behalf of its members on key industry …

IndiGo parent InterGlobe Aviation shares fall 3% after DGCA directive against PW engines
5 years, 2 months ago

IndiGo parent InterGlobe Aviation shares fall 3% after DGCA directive against PW engines

Firstpost  

Shares of InterGlobe Aviation fell 3 percent on Tuesday after the DGCA asked IndiGo not to use A320 Neo planes which are fitted with PW engines that have already been used for over 3,000 hours, or face grounding of aircraft New Delhi: Shares of InterGlobe Aviation fell 3 percent on Tuesday after the DGCA asked IndiGo not to use A320 …

IndiGo close to placing a near-record order for more than 300 Airbus jets worth at least $33 bn
5 years, 2 months ago

IndiGo close to placing a near-record order for more than 300 Airbus jets worth at least $33 bn

Firstpost  

Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least $33 billion at recent catalogue prices to cement its position as India’s largest carrier by market share New Delhi/Paris: Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at …

InterGlobe Aviation shares tumble 7 per cent after Q2 earnings
5 years, 2 months ago

InterGlobe Aviation shares tumble 7 per cent after Q2 earnings

India TV News  

Shares of budget carrier IndiGo's parent InterGlobe Aviation on Friday tumbled 7 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter. On the NSE, the company's scrip tumbled 6.84 per cent to Rs 1,551. Aftermarket hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, …

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge
5 years, 2 months ago

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge

Live Mint  

IndiGo, India's biggest airline, reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples with slowing passenger growth in a sluggish economy. The airline's owner InterGlobe Aviation Ltd's net loss in the three months to Sept. 30 widened to ₹1,066 crore from ₹652 crore in the same period last year. The results …

Sebi seeks response from IndiGo on fresh Gangwal letter
5 years, 4 months ago

Sebi seeks response from IndiGo on fresh Gangwal letter

India TV News  

Markets regulator Sebi has sought response from InterGlobe Aviation on a fresh letter by the company's co-promoter Rakesh Gangwal regarding corporate governance issues. Gangwal and co-promoter Rahul Bhatia have differences over certain corporate governance matters at InterGlobe Aviation, the parent of the country's largest airline IndiGo. In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said Sebi has …

IndiGo truce frays as Gangwal seeks Sebi’s intervention again
5 years, 4 months ago

IndiGo truce frays as Gangwal seeks Sebi’s intervention again

Live Mint  

New Delhi: The fragile truce between the two feuding co-founders of IndiGo, India’s largest airline, appears to be all but broken, with Rakesh Gangwal, one of them, seeking intervention from the markets regulator on a number of contentious issues. Days after InterGlobe Aviation Ltd’s chief executive Ronojoy Dutta claimed that the dispute between Rahul Bhatia and Gangwal was resolved, Gangwal …

IndiGo shares suggest worries about turbulence at the top have receded
5 years, 4 months ago

IndiGo shares suggest worries about turbulence at the top have receded

Live Mint  

Shares of InterGlobe Aviation Ltd are not very far from their lifetime highs of ₹1,716 seen on 28 May. “The consensus between promoters on ‘related party transaction’ policy and board composition is sentiment-positive,” wrote Ansuman Deb of ICICI Securities Ltd in a report on Thursday. During its June quarter earnings conference call, Ronojoy Dutta, chief executive officer of IndiGo, said, …

IndiGo co-founder Rakesh Gangwal says feud with Rahul Bhatia still unresolved
5 years, 5 months ago

IndiGo co-founder Rakesh Gangwal says feud with Rahul Bhatia still unresolved

Live Mint  

A co-founder of India's biggest airline IndiGo, Rakesh Gangwal, said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were "false and misleading." In a letter dated Aug. 5, Gangwal told the board of IndiGo's parent InterGlobe Aviation Ltd that issues between him and Bhatia remained unresolved. At the centre …

IndiGo founders row: Promoters Rahul Bhatia, Rakesh Gangwal co-piloting airline into jeopardy
5 years, 5 months ago

IndiGo founders row: Promoters Rahul Bhatia, Rakesh Gangwal co-piloting airline into jeopardy

Firstpost  

Insiders believe Gangwal showed annoyance over Bhatia using the IndiGo hub to launch several other enterprises in which obviously Gangwal had no say. The conflict between IndiGo’s two partners, Rahul Bhatia and Rakesh Gangwal, also came as a shock. Insiders believe Gangwal always thought IndiGo won’t run profitably without him. His contacts in aircraft, engine and related vendors helped at …

IndiGo CEO asks employees to work as usual, says issues between promoters have nothing to do with airline's functioning
5 years, 6 months ago

IndiGo CEO asks employees to work as usual, says issues between promoters have nothing to do with airline's functioning

Firstpost  

Issues between promoters have nothing to do with IndiGo and its functioning, the CEO of the airline said in a letter to his employees, a day after a spat between the promoters of the country’s largest carrier became public New Delhi: Issues between promoters have nothing to do with IndiGo and its functioning, the CEO of the airline said in …

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