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According to IndiGo, this reciprocal agreement would let both carriers offer their clients smooth connections in addition to an integrated travel schedule and other benefits.
Gangwal was reportedly thinking about selling a 5.8% interest, according to a later CNBC-TV18 story.
According to data from the Directorate General of Civil Aviation (DGCA), IndiGo saw a minor decline in January, falling to 60.2%
The parliamentary panel expressed concerns over the surge in airfares and stated that airlines were not effectively self-regulating ticket prices
The lock-in period for the Gangwals before they can further pare stake in the company ends on February 13.
Recommendation: Buy; Target price: ₹3,500
IndiGo has 334 aircraft in its fleet, of which 176 are A320neos. Of those, over 40 are grounded because of P&W engine problems.
The airline told exchanges that net profit was ₹ 2,998.12 crore as opposed to ₹ 1,422.6 crore the previous year.
The total fine imposed on IndiGo amounts to Rs 1.2 crore, prompting a focus on reinforcing standard operating procedures to prevent such incidents in the future
IndiGo has been fined a total of Rs 1.2 crore for five different offences, one of which was the event where passengers on their delayed flight were observed eating on the tarmac.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.