For #IndiGo, another 480 jets, largely narrow-body aircraft and some turboprop jets, are in the pipeline, which will be inducted just before 2030.

Read here: https://livemint.com/companies/news/indigo-in-talks-to-buy-20-wide-body-planes-for-int-l-ops-11682444789796.html

#MintCharts | India's biggest carrier #IndiGo is the fifth most punctual airline in the world with an on-time performance (OTP) of 83.5% in 2022.

The recruitment battle is heating up as #AirIndia is having to compete with the likes of #IndiGo and #AkasaAir who are also vying for the same pool of 700 #GoFirst pilots.

Read here: https://www.livemint.com/news/india/air-india-competes-with-indigo-and-akasa-air-for-go-first-pilots-as-recruitment-battle-heats-up-amid-bankruptcy-filing-11683741860405.html

The race for #IndiGo’s wide-body aircraft order has narrowed to two finalists, the #Boeing B787 Dreamliner and the #Airbus A330.

https://www.livemint.com/companies/dreamliner-airbus-a330-compete-for-indigo-order-11686162192248.html

#BREAKING | #IndiGo airline announced that it has made a record order of record order for 500 #AirbusA320.

The massive expansion by the India's largest airline comes as the aviation industry is witnessing more competition after the entry of TATA Group.

Read here: https://www.livemint.com/news/india/indigo-makes-record-order-for-500-airbus-a320-11687182794901.html

Interglobe Aviation, which operates #IndiGo, made history on 19 June by placing an order for 500 aircraft. Four months prior, #AirIndia signed a deal with #Airbus and #Boeing for 470 aircraft.

https://www.livemint.com/opinion/online-views/mint-explainer-is-indian-aviation-headed-for-a-duopoly-11687332753343.html

#MintCharts | Indian #aviation sector has steadily veered towards a duopoly. In 2023 until May, #IndiGo and the #TataGroup accounted for 85% of domestic passenger traffic.

While IndiGo has been a perennial market leader, the identity and share of the second airline has changed. In 2019, the combined passenger share of the top two airlines (the second being #SpiceJet) was 62%. In 2014, this figure was 54%, the second being #JetAirways.

India’s largest airline #IndiGo is scouting for more global partners, and is in discussions with international airlines to achieve scale in global operations to pursue its next leg of growth.

https://www.livemint.com/companies/news/indigo-works-on-more-overseas-partnerships-11690737402580.html

#IndiGo Airlines board of directors have approved an additional purchase of 10 A320 NEO family aircraft from French aircraft maker Airbus.

The order for ten more aircrafts adds to the already placed order for 300 aircraft.

Read here: https://www.livemint.com/companies/news/indigo-airlines-board-approves-purchase-of-10-additional-a320-neo-aircraft-from-airbus-11693821015366.html

#AI firms will build principles, but it won’t be easy: Mamedi | Founder convicted of fraud in #FTX crash | #IndiGo logs ₹189 cr Q2 profit

Read today's Mint e-paper here: https://epaper.livemint.com

#IndiGo foresees grounding roughly 35 planes due to powder metal issues, compounding the existing upper forties out of service. This could elevate the total grounded aircraft to over 80 in the January-March quarter of FY24.

Read more: https://www.read.ht/RDfd

#IndiGo may have to ground planes to the number of around mid-thirties due to the powder metal issue on its Pratt & Whitney fleet, bringing the total grounded planes to over 80 in Q4FY24

(Ameya Joshi reports)

Read more: https://www.read.ht/RDfd

Here's a compilation of interesting numbers that matter!

Read the #NewsInNumbers on Mint app every weekday: https://mintiphone.page.link/Hy8V

#NaviMumbaiAirport #RedditIPO #BengaluruWaterCrisis #IndiGo #Oppenheimer #Oscars2024 #AdaniGroup

Dividend fuel sparks $5 tn win | #IndiGo eyes premium class after its best year | Bourse deal off in blow to Gift City

Read today's Mint e-paper here: https://epaper.livemint.com

#InterGlobeAviation, the operator of #IndiGo, announced on Friday that it will receive compensation from Pratt & Whitney through its affiliate for powder metal issues that have grounded some of its aircraft.

https://www.livemint.com/companies/news/indigo-to-receive-compensation-from-pratt-whitney-for-engine-issues-11718424050150.html

Fear stalks Street again | #TataSons is nearly debt-free in race to skip public listing | #IndiGo will always be a low-cost airline: MD

Read today's Mint e-paper here: https://epaper.livemint.com

✈️ 😨 'No Food, Stay..' 400 Indigo Passengers Stranded At Istanbul Airport For A Day, Slam The Airline

👨‍✈️👩‍✈️ The airline attributed the delay to operational reasons. Frustrated passengers voiced their complaints on X, alleging they were not given food or accommodation, and that some were in poor health.

WATCH🔗👉: https://www.youtube.com/watch?v=lL1LP9zeyw0

Rakesh Gangwal turns a ₹14.7 cr bet in 2006 into ₹45,000 cr! The IndiGo co-founder has sold most of his stake, cashing out nearly $5B in under 20 years. ✈️

Watch 📹
https://www.youtube.com/watch?v=ok-rHSHM4R0

Over 1,000 domestic flights were cancelled last week, triggering chaos at major Indian airports. Experts say the disruption highlights the risks of a duopoly dominated by IndiGo and Air India and could push long-overdue structural reforms in India’s aviation sector.

Watch!
https://www.youtube.com/watch?v=QMnuIbk3Wl4

IndiGo's CEO Pieter Elbers has stepped down, and managing director Rahul Bhatia will temporarily oversee the airline's operations. Bhatia, with extensive experience in the travel industry, founded InterGlobe in 1989 and has a net worth of approximately $6.5 billion.

Read more: https://www.livemint.com/news/india/who-is-rahul-bhatia-indigo-co-founder-takes-interim-charge-after-ceo-pieter-elbers-resigns-with-immediate-effect-11773151494398.html

#IndiGo #IndiGoCrisis #PieterElbers #RahulBhatia #IndiGoDecemberCrisis