Lohani cracks whip, wants Air India's grounded narrow bodies to fly soon
Sep 28, 2015 at 13:53 | Source:
New Delhi: Air India has been struggling with aircraft availability in its narrow body fleet for quite some time now. On any given day, 8-10 NBs from the fleet of 62 are grounded for lack of spares and other maintenance issues. But this is set to cha...
IndiGo's success mantra lies in obsessive focus on cost reduction
Sep 14, 2015 at 19:36 | Source:
New Delhi: Obsessive focus on costs defines the IndiGo success story. The airline has just reported a four fold jump in net profit at Rs 1,304 crore for fiscal year ending March 2015 versus Rs 317 crore in the previous fiscal, making FY15 the seventh...
Booster shot for IPO: IndiGo posts record Rs 1,304 cr profit in FY15
Sep 11, 2015 at 08:23 | Source:
New Delhi: India's largest airline by passengers, IndiGo, has posted record profits last fiscal, making FY15 its seventh profitable year of operation in a row. According to data submitted to aviation regulator DGCA, the airline declared Rs 1,304 cror...
Market turbulence rattles small Indian IPOs as bigger deals loom| Reuters
Sep 03, 2015 at 00:45 | Source:
MUMBAI A lukewarm response to two small initial public offerings (IPOs)in India this week has raised concerns about the impact of market turmoil ahead of big-name debuts including Cafe Coffee Day and airline IndiGo.Indian shares hit their lowest leve...
IndiGo adds nine new flights, takes total to 647 a day
Sep 01, 2015 at 19:31 | Source:
New Delhi: No-frills carrier IndiGo has added nine new flights on its domestic network including a daily service on the Varanasi-Goa via Mumbai and Varanasi-Kolkata routes, starting today.The other destinations from where new services have been launc...
PM Modi's concern over predatory airfares, likely cess on tickets
Aug 27, 2015 at 20:20 | Source:
New Delhi: Prime Minister Narendra Modi has expressed serious concern over the predatory pricing by the domestic airlines, an issue that will be addressed shortly by the civil aviation ministry, which is also mulling a two per cent cess on tickets in...