IndiGo shares climb 3% on order for wide-body aircraft; Kotak raises target price

Shares of InterGlobe Aviation, which runs IndiGo Airlines, rose 3% to an all-time high of Rs 4,098.45 on BSE in Thursday’s trade after the company placed an order for 30 Firm A350-900 aircraft. Meanwhile, domestic brokerage Kotak Institutional Equities increased the target price of IndiGo to Rs 4,700, signalling an upside potential of 15.5%. “IndiGo’s […]

India among top 5 developing countries in aviation emissions in 2019, study finds

New Delhi: In 2019, India was among the top five economically developing countries in terms of carbon dioxide (CO2) emissions from aviation, a new research has found. Calculating “nearly real-time” aviation emissions using global flight data, researchers found that overall, the US, China and Great Britain were the topmost contributors, with 22 per cent, 14 […]

Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court’s ‘one last opportunity’ to SpiceJet

The Delhi High Court on Wednesday gave “one last opportunity” to ailing SpiceJet to pay Rs 50 crore to its engine lessors, Team France and Sunbird France, failing which its two engines would be grounded. Justice Pratibha Singh asked the Spicejet counsel to get instruction by Friday on the reasonable time period within which the […]