Under the offer, the company plans to issue fresh shares worth Rs 1,272 crore
The World's best airlines ranking, which was topped by the Qatar airways featured IndiGo at the 44th position. In addition to IndiGo, two other Indian airlines made the cut to the top 100 airlines list. While Jet Airways was ranked as the 76th best globally, SpiceJet featured at the 94th position in the list.
Arijit Ghosh, president of Honeywell Aerospace in India, said IndiGo is important as it is a low-cost airline and they want highly efficient operations which ensure that cost is to be kept at minimum, delays should be kept at minimum and Honeywell's technology will help Indigo in achieving those objectives
Saroj Datta stepped down as board member and executive director of Jet Airways recently, after almost decade at the airliner. CNBC-TV18 catches up with him to source out his rich experience and the way forward for the industry as he sees it.
Rasesh Shah, aviation analyst at ICICI Direct joins CNBC-TV18 to talk of the cause-effect of the stake hike by the promoter. He says that SpiceJet was looking for funds to finance their expansion plans and considering the high interest rate scenario, a promoter stake hike was the best solution.
Dubai's first low cost airline, flydubai, has registered significant growth in the second year of its operations during the June, 2010-May, 2011, period.