On the BSE, the airline stock tanked 11.91 per cent to close at Rs 1,467.90 apiece. During the day, it plummeted 12.83 per cent to Rs 1,452.50 apiece. On the NSE, the scrip tumbled 11.73 per cent to settle at Rs 1,469.50 apiece.
After market hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.
The first ifly facility is located at Gurugram. ifly has been instrumental in extending training to IndiGo employees, it said in a statement.
The company said it would also be operating flights on the Delhi-Kuwait route from October 11. The airline already has direct flights on the Mumbai-Kuwait route.
We are hopeful of promoting Ansat in India. We have very good prospects. We have applied for certificate to aviation officials of India in the beginning of this year,” Artom Fetisov, sales director of Russian Helicopters, told reporters during the ongoing MAKS air show here.
InterGlobe Aviation has decided to have up to 10 members on its board, including four independent directors. The decision, taken during the company's board meeting on July 20, also comes against the backdrop of a feud between co-promoters -- Rakesh Gangwal and Rahul Bhatia -- over corporate governance issues.
The government has sought explanations from InterGlobe Aviation on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal.
Aditya Talwar, who is yet to join the probe, has been accused by the Enforcement Directorate (ED) of allegedly receiving Rs 272 crore in kickbacks through his firms -- Asiafield and Gilt Asset Management -- in the case involving his father.
Presenting her maiden budget in the Lok Sabha, Finance Minister Nirmala Sitharaman on Friday said the government will invite suggestions for the further opening up of foreign direct investment in the aviation sector, media, animation AVGC and insurance sectors in consultation with all stakeholders.
The commerce and industry minister made the remark while reviewing the draft National Logistics Policy and the proposed action plan for its implementation.
French Ambassador to India Alexandre Ziegler said his country is looking forward to further exchanges with the new government in India to deepen the industrial relations in defence as well as civilian aerospace sectors.
European FMCG company Olialia World has announced a joint venture (JV) with Delhi-based Aerojet Aviation Pvt Ltd to launch private jets and helicopter services branded as 'Olialia Sky' in the country.
His statement will be recorded under the Prevention of Money Laundering Act (PMLA) and he is expected to face a series of questions.
Noting that the grounding of Jet Airways was "very sad", Ajay Singh said that internal factors and high costs were among the reasons for its failure
More than 200 pilots marched to Jet Airways' headquarters here after the meeting, which was held at a nearby hotel.
Civil aviation secretary RN Choubey says there is a great deal of interest for disinvestment of Air India as the deadline for submission of preliminary bids ends this month.
56 unserved airports and 31 unserved helipads will be connected under UDAN scheme, Jaitley said.
New Delhi: There is relief in store for air travellers if new rules proposed by the government manage to be implemented. In order to rein in the unchecked flight cancellation charges, the Directorate General of
Aviation turbine fuel or jet fuel price was today hiked by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder. In the fourth straight monthly increase in rates on global cues, ATF price in Delhi was increa
New Delhi: Now being stuck in a waiting list may come as a blessing in disguise for train passengers. Travellers, who could not get a confirmed ticket on Rajdhani Express, will now be provided an
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