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About 9 results for "indigo rsquo"

IndiGo approaches investment board in run-up to IPO

IndiGo approaches investment board in run-up to IPO

IndiGo’s holding company InterGlobe Aviation, which has reportedly been in talks with bankers for an initial public offering this financial year, has approached the Foreign Investment Promotion Board. Industry sources say the airline has approached the FIPB to give an undertaking to the government that the foreign stake in the company will not exceed 49 per cent even after the IPO. Currently, overseas investor Rakesh Gangwal holds 49 per cent stake in the airline. The remaining 51 per ..., 6 days ago

Price war: Fly AirAsia for Rs 5, IndiGo at Re 1!

AirAsia’s Rs 5 basic fare offer has triggered competition and criticism from rivals, with market leader IndiGo launching a Rs 1 basic fare on AirAsia’s inaugural routes and SpiceJet Chief Operating Officer Sanjiv Kapoor questioning the silence of the Directorate General of Civil Aviation (DGCA) on the price war.  On Friday night, AirAsia said it was offering 15,000 tickets at a basic fare of Rs 5 on the Bangalore-Goa and Bangalore-Chennai sectors. Click NEXT to read ...
 Rediff.com1 month ago Is IndiGo blocking AirAsia's India plans?  Rediff.com2 months ago

flydubai eyes stakes in India's budget airlines

Close on the heels of Qatar Airways showing an interest in the country’s largest budget carrier IndiGo, Dubai-based low-cost carrier flydubai on Monday said it was 'open' to investing in an efficient Indian airline. “The focus from shareholders is to grow the airline in Dubai, and right now we have no mandate to go outside. "But we have a dialogue with Indian airlines all the time. If we find a good opportunity, we will consider it. "We will then go and seek approval from the ...
 Rediff.com1 month ago

Etihad money in kitty, Jet looks to get out of air pocket

The year-old partnership with Abu Dhabi’s Etihad Airways would bring financial and operational benefits to Jet Airways but a rapid turnaround might be elusive, aviation experts said. After the infusion of Rs 2,057 crore (Rs 20.57 billion), Jet Airways is relatively stable financially, as it has pared debt. The alliance with Etihad also brings network benefits. Jet Airways’ focus in the first year has been on financial restructuring but the next few years could see changes in ...
 Rediff.com2 months ago

Indian carriers may not get leeway on flying abroad

The Narendra Modi-led National Democratic Alliance (NDA) government is unlikely to lift restrictions on domestic airlines to launch international services anytime soon.   According to the current norms, Indian airlines are required to have at least five years of operational experience and a fleet of a minimum of 20 aircraft (known as the 5/20 rule) for starting international services.   A senior official in the civil aviation ministry said, “There is a lot of ...
 Rediff.com1 week ago

10 of the most underrated cars that were sold in India

In fact, there have been some awesome machines that never managed to garner massive numbers at dealerships due to various reasons – whether its availability or brand value or even something as ridiculous as misconceptions. Fact of the matter though, is ...
 DNA4 weeks ago

Tata-SIA's plans for India go beyond fare

As a full-service carrier, Tata-Singapore International Airlines, or Tata-SIA, faces an unusual challenge. Indian full-service carriers Jet Airways and Air India are mired in losses because they sell tickets at almost the same price as low-cost carriers like IndiGo and SpiceJet, though their costs are as much as 50 per cent higher. Elsewhere in the world, there is a difference of at least 50 per cent between the two fares. If this is the established business model, is there any hope for the new ...
 Rediff.com2 months ago

Boom time awaits air travellers!

We expect over 15-20% lower entry-level airfares from AirAsia With AirAsia India receiving AOP from aviation regulator, they are claiming that they will bring in revolution in the Indian domestic aviation market. However, only time will tell if it will be ...
 DNA2 months ago
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