




The company's IPO is likely to be listed by 2015-end.
According to the draft red herring prospectus (DRHP), IndiGo's term sheet with Airbus has expired. This has left aviation experts wondering why the MOU was allowed to expire.
Kapil Kaul of CAPA expects Jet Airways to turn profitable in the next 12-18 months.
According to Kapil Kaul, South Asia chief executive of aviation consultancy CAPA, if the IPO is successful, it will be easier for companies such as SpiceJet to raise funds. He sees one or two more airlines opting for an IPO in the next 12-18 months.
Sources have told CNBC-TV18 the company is looking to come out with a USD 400 million (Rs 2,560 crore) IPO, half of which would through sale of existing shares and half fresh issuance of equity.
DGCA sources have told CNBC-TV that IndiGo, SpiceJet, AirAsia have sought permission to charge passengers for check-in luggage. This means even the free check-in of maximum of 15 kg which was allowed, will be charged for.
The airline plans to raise up to USD 400 million through the IPO. The valuation of IndiGo is pegged at about USD 1.6 billion.
CAPA has estimated that IndiGo will grab 40 percent of the domestic aviation market this fiscal itself.
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
Aditya Ghosh, president – IndiGo cautioned that high airport charges is making aviation business unsustainable.
The one area that the Qatar government is keen on entering is the Indian aviation space and Qatar Airways has been exploring joint ventures with Indian carriers. The airline is particularly keen on tying up with India's most profitable carrier IndiGo.
Qatar Airways is “extremely interested†in investing in India and is looking for a possible joint venture with India‘s most profitable airline, IndiGo, the former's CEO Akbar Al Baker told CNBC-TV18.
A report said that India's largest airline by domestic market share is planning to fund its ambitious expansion plan as it has placed orders for 530 Airbus A 320s worth USD 48 billion.
The company will have five aircrafts within the next six weeks and then after that they will again look at what the industry looks like and take a view on how the new added destinations are doing, said Airasia India's CEO Mittu Chandilya.
Currently, Rahul Bhatia of InterGlobe Enterprises holds 51.12 percent stake in IndiGo and the rest 48.88 per cent is held by another investor Rakesh S Gangwal through his Virginia-based company Caelum Investments.
New airlines such as AirAsia and Vistara will need 5-10 years to deliver to India‘s potential, says Qatar Airways' group CEO Akbar Al Baker.
Sandip Sabharwal says with expectations of an interest rate cut by the Reserve Bank of India and US hiking rates, the big question is what will happen to the rupee
In a survey by the world's largest travel site TripAdvisor, the eight-year old airline has emerged as a favourite in the domestic air travel space for the third time in a row, ousting rivals by a healthy margin. Farah bookwala vhora gets you the highlights of this survey.
IndiGo president Aditya Ghosh says the company-appointed merchant bankers- Citi, JP Morgan, Morgan Stanley, Barclays, Kotak, UBS- are yet to give any clear call on the possibility of an initial public offering (IPO).
But while the customer may be king for a while, experts warn that such negative pricing strategies have the industry skating on thin ice once again.