Tag: indigo

Rakesh Gangwal resigned from the company's board in Feb. 2022 and had said that he would cut his stake in the airline over five years.(Photo: HT)
Posted in Business

IndiGo co-founder’s family may sell up to 8% stake worth ₹75 billion: Report

The family of IndiGo’s co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline’s parent InterGlobe Aviation Ltd, worth upto 75…

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IndiGo said it will also be resuming daily services from Delhi to Hong Kong in August. This flight was suspended three years ago during the coronavirus pandemic.(REUTERS)
Posted in Business

IndiGo to start flights to six destinations in Africa, Central Asia

The country’s largest airline IndiGo will start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this…

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Indian airlines as a whole carried 37.5 million passengers, up 52% from a year earlier, according to data from the aviation regulator.(MINT_PRINT)
Posted in Business

IndiGo Q4 results: Profit of ₹919 crore, revenue soars 76%

IndiGo reported fourth-quarter profit that missed analysts’ estimates, as rising fuel costs offset the post-Covid travel rebound at India’s largest airline. Indian airlines as a…

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IndiGo looks to enable codeshare connectivity to US, Canada: Report
Posted in Business

IndiGo looks to enable codeshare connectivity to US, Canada: Report

IndiGo on Sunday said it is looking at enabling codeshare connectivity to the US and Canada through its partnership with Turkish Airlines. On Friday, a…

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IndiGo pits Boeing against Airbus in record jet order talks: Report
Posted in Business

IndiGo pits Boeing against Airbus in record jet order talks: Report

Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an…

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Zuckerberg's Meta gearing up for more layoffs? This report suggests so
Posted in Business

IndiGo co-founder’s wife to sell 4% stake worth $350 million via block deal

Shobha Gangwal, wife of IndiGo co-founder Rakesh Gangwal, is set to sell a 4% stake worth ₹2,930 crore ($353 million) in the parent company –…

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