InterGlobe Aviation shares tank over 4% after DGCA directive
Shares of InterGlobe Aviation on Tuesday dropped over 4 per cent after the DGCA instructed IndiGo to ground an old A320 neo family aircraft with an unmodified Pratt and Whitney (PW) engine for every new A320 neo plane added to its fleet.
The scrip of budget carrier IndiGo’s parent tanked 4.23 per cent to ₹1,389 on the BSE. At the NSE, it declined 4.25 per cent to ₹1,388.50.
The DGCA on Monday instructed IndiGo to ground an old A320 neo family aircraft with an unmodified PW engine for every new A320 neo plane added to its fleet to prevent large-scale cancellation of flights from January 31 onwards.
