IndiGo aircraft grazes stationary Air India Express plane at Kolkata Airport, DGCA orders probe

At the Kolkata airport, an IndiGo aircraft grazed the wings of an Air India Express plane on Wednesday. This resulted in both aircraft sustaining damage to their wings, according to officials. The Directorate General of Civil Aviation (DGCA) has de-rostered the IndiGo pilots involved in the accident and has launched a probe. The accident took […]

Indigo shares jump over 4% after rating, target upgrades

Shares of Interglobe Aviation which operates airline Indigo jumped 4.4% on Tuesday to hit a fresh 52-week high of Rs 3,429.90 on the NSE after a couple of top brokerages took favourable views on the counter. While Jefferies upgraded its rating to ‘Hold’ from ‘Underperform’, Kotak Institutional Equities reiterated a buy and raised the price […]

SpiceJet reaches settlement with Canada’s EDC to resolve liabilities worth Rs 755 cr

Private carrier SpiceJet has reached a settlement agreement with Export Development Canada (EDC) to resolve liabilities worth Rs 755 crore, the company said in a stock exchange filing on Tuesday. This settlement agreement will help SpiceJet save Rs 567 crore, it said. As part of the settlement agreement, SpiceJet will acquire 13 EDC-financed A400 aircraft. […]

IndiGo will use its cash reserve to become future ready: CFO Gaurav Negi

IndiGo’s leaner cost structure has helped India’s largest airline to emerge from Covid “more stronger” and its superior cost efficiency model will keep it ahead of rivals at a time when India’s civil aviation sector is undergoing consolidation, said a top company official. Four years ago, India announced a nationwide lockdown aimed at controlling the […]

IndiGo nears decision on widebody jets; forecasts slower capacity growth in next fiscal year

IndiGo is exploring the purchase of widebody aircraft, according to people familiar with the matter, a move that would give Asia’s biggest budget carrier a greater international radius and intensify competition with Air India Ltd. The airline is still considering several options, with an order for about 30 Airbus SE A350s emerging as the most […]

Credit Suisse says SpiceJet cleared all dues; SC posts case for July hearing to ensure it doesn’t default again

The Supreme Court on Friday took note of the Swiss financial services firm Credit Suisse’s submissions that CMD Ajay Singh-led SpiceJet has cleared all the outstanding dues and is no longer in default as on date in a $24 million payment dispute. However, the apex court has posted the case for a hearing in July […]