IndiGo shares fall 5% amid buzz over stake sale by Gangwal family
The Gangwal family led by Rakesh Gangwal looks to sell 4% stake in IndiGo at a floor price of ₹2,400 per share, a discount of 5.8% to Monday’s closing price.
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August 2023
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Akasa Air beats SpiceJet in domestic traffic in June
During the month under review, the market share of Akasa Air increased from 4.8% in May to 4.9% in June.
SpiceJet promoter to infuse ₹500 cr in airline; stock up 7%
Ajay Singh, the promoter of SpiceJet will infuse ₹500 crore by way of subscription to equity shares and/or convertible securities/equity share warrants on a preferential basis.
SpiceJet's Do Or Die Moment
The recent bankruptcy filing by rival GoFirst has thrown the spotlight yet again on SpiceJet, with many convinced it may be next in line
Go First has 'no rights' over engines: Pratt & Whitney tells Delaware Court
Go First said that Pratt & Whitney's failure to provide engines led to the grounding of close to 50% of its A320 neo fleet and cost the airline ₹10,800 crore in revenues and additional expenses.
NCLT to hear insolvency plea against SpiceJet on June 1
The matter pertains to non-payment of dues by SpiceJet to its lessor Aircastle Ireland.
No definite timeline on resumption of flights: Go First to DGCA
The airline has currently suspended flight operations till May 26.
NCLT admits Go First insolvency plea, moratorium kicks in
Go First had filed for insolvency with Delhi bench of NCLT citing operational losses caused due to ever-increasing failure of Pratt & Whitney engines that power its fleet.
NCLT principal bench to hear Go Air insolvency plea today
The Wadia group-owned Go First moved to the NCLT on Tuesday, seeking voluntary insolvency resolution proceedings.
Can small airlines survive in India's new aviation landscape?
In a vastly altered aviation landscape in India, smaller players would have to use every trick up their sleeve to survive.
