IndiGo flies high as DGCA allows it to carry pre-flight briefing data in electronic form
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Interglobe Aviation is currently trading at Rs. 4388.05, up by 57.05 points or 1.32% from its previous closing of Rs. 4331.00 on the BSE.
The scrip opened at Rs. 4349.95 and has touched a high and low of Rs. 4425.00 and Rs. 4320.25 respectively. So far 13316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4610.00 on 10-Jun-2024 and a 52 week low of Rs. 2334.95 on 28-Sep-2023.
Last one week high and low of the scrip stood at Rs. 4425.00 and Rs. 4167.20 respectively. The current market cap of the company is Rs. 169369.40 crore.
The promoters holding in the company stood at 55.29%, while Institutions and Non-Institutions held 39.88% and 4.83% respectively.
Directorate General of Civil Aviation (DGCA) has allowed InterGlobe Aviation (IndiGo) to carry pre-flight briefing data in electronic form, a move that will help in reduction of overall weight of aircraft and fuel consumption. With the adoption of the Electronic Flight Folder (EFF), the airline can carry pre-flight briefing data such as flight plans and weather charts in the digital form instead of hard copies.
Electronic flight folder is updatable and forms the basis of pilots' digital briefing pack on their EFB (electronic flight bag) device, which is an intuitive interface, enabling pilots to access and process the information they need swiftly. According to the DGCA, the use of EFF technology allows airlines to use the latest data to optimise flight paths thereby reducing fuel consumption, and ultimately, lowering emissions. This would potentially lead to a large amount of fuel saving per annum.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
