Sep 17, 2014 at 18:29 | Source: CNBC-TV18
"We have entered into memorandum of understanding (MoU) with them for possibly financing up to 30 of our airplanes. So that could be various kinds of financial solutions could be commercial lending, could be selling lease pack, could be something else. The total value could go up to USD 2.6 billion," Aditya Ghosh, President, Indigo said.
Sep 17, 2014 at 17:16 | Source: Reuters
Under the memorandum of understanding, ICBC will provide IndiGo, India's largest airline by market share, with financing for the planes through either a sale and lease back or commercial lending deal.
Aug 25, 2014 at 13:08 | Source: Moneycontrol.com
According to a report, the aviation regulator has found serious violations such as fuel leaking into fuselage and panels of emergency doors missing for aircraft operated by some of the scheduled airlines.
Aug 24, 2014 at 18:43 | Source: PTI
Low-cost carrier IndiGo, which lost its market share by a per cent in July to 30.7 per cent, has also lost as many as 40 commanders or senior pilots mainly to Gulf carriers in the last one year.
Aug 21, 2014 at 16:37 | Source: PTI
"Our market share is relatively small. We have the (compact sedan) Indigo in this segment. It is about six per cent. Now with this launch it (market share) will grow quite strongly", Tata Motors Ltd, President, Passenger Vehicle business unit, Ranjit Yadav told reporters.
Aug 21, 2014 at 09:47 | Source: Moneycontrol.com
With its back up to the wall, SpiceJet has become the countrys second-largest carrier, largely thanks to the series of discount-sale programs it has run this year, even as concerns over its solvency continue alongside and after it posted yet another quarterly loss.
Aug 14, 2014 at 09:04 | Source: Reuters
The competition in the full-service sector is heating up with no guarantees there will be enough passengers willing to pay higher prices to sustain three carriers in a market where low-fares dominate and where airlines struggle to make a profit.
Aug 11, 2014 at 16:27 | Source: Moneycontrol.com
In an industry beset with losses and debt, the smallest of Indias five major airline companies, GoAir, has declared that it managed to post a profit of about Rs 100 crore each in both FY2013 and FY2014 -- showing how prudence and common sense can go a long way in helping carriers survive in an industry known for making its participants bleed.
Aug 01, 2014 at 20:44 | Source: PTI
As per the proposal, equity holding of IndiGo's promoter Rakesh Gangwal through Caelum Investments will be classified as NRI investment and free the FDI limit for fresh investment.
Jul 30, 2014 at 15:02 | Source: CNBC
Welcome to the world of the increasingly price-sensitive Indian consumer where bargain-hunting is the norm and brand loyalty non-existent.