News

Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services Below Quote on Outlook for QSR, Aviation, and Hospitality Sectors 09th September 2023 By Gaurang Shah, Senior Vice President at Geojit Financial Services "We are positive about the QSR (Quick Service Restaurant) segment, optimistic about the aviation industry, and bullish on the hospitality and hotel sector. This optimism is not solely due to the G20 Summit but is also driven by several other upcoming events, not only this year but also in the coming years. We have...
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services
Source: Geojit Financial Services
8/09/2023 10:26:46 AM
DGCA grants Air India conditional approval to use simulator India's aviation watchdog, the Directorate General of Civil Aviation (DGCA), has granted conditional renewed approval to Air India's simulator facilities in Mumbai and Hyderabad. This decision enables the airline to resume pilot training, which had been halted after the regulator suspended its approval due to an audit that revealed non-compliance with regulatory standards. "Conditional approval has been granted for a 30-day period following the rectification of the deficien...
DGCA grants Air India conditional approval to use simulator
DGCA grants Air India conditional approval to use simulator
Source: IANS
8/09/2023 9:56:28 AM
Indian aviation sector to grow 8-13% in FY24:ICRA Credit rating agency ICRA predicts the domestic air passenger traffic to grow at 8-13 per cent in FY24 to touch 150-155 million. The agency maintained a Stable outlook on the Indian aviation industry amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers. According to ICRA, it estimates growth in domestic air passenger traffic in FY2024 at 8-13 per cent, thus reaching 150-155 million, surpassing the pre-C...
Indian aviation sector to grow 8-13% in FY24:ICRA
Indian aviation sector to grow 8-13% in FY24:ICRA
Source: IANS
7/09/2023 3:04:48 PM
IndiGo`s board grants approval for incorporation of wholly-owned subsidiary The board of InterGlobe Aviation Ltd, the parent company of private airline IndiGo, on Monday granted approval for incorporation of a wholly-owned subsidiary of the company. “The primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,” said an airline official. The company officially announced in a filing to the stock exchanges that its Board of Directors has give...
IndiGo`s board grants approval for incorporation of wholly-owned subsidiary
IndiGo`s board grants approval for incorporation of wholly-owned subsidiary
Source: IANS
5/09/2023 9:39:08 AM
SpiceJet` Board grants approval for issuance of equity shares Indian low-cost carrier SpiceJet Ltd said that its Board of Directors' allotment committee, during its meeting held on Monday, has deliberated upon and granted approval for the issuance of equity shares and warrants on a preferential basis. In an exchange filing, the company said: "This is to inform you that the Allotment Committee of the Board of Directors of the Company at its meeting held on September 4, 2023 from 4:00 p.m. to 4:15 pm., has, inter-alia, considered and approved ...
SpiceJet` Board grants approval for issuance of equity shares
SpiceJet` Board grants approval for issuance of equity shares
Source: IANS
5/09/2023 9:22:21 AM
IndiGo flies high on commencing non-stop daily flights between Bengaluru-Shivamogga Interglobe Aviation is currently trading at Rs. 2436.25, up by 3.00 points or 0.12% from its previous closing of Rs. 2433.25 on the BSE. The scrip opened at Rs. 2415.05 and has touched a high and low of Rs. 2445.05 and Rs. 2402.50 respectively. So far 11068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the sc...
IndiGo flies high on commencing non-stop daily flights between Bengaluru-Shivamogga
IndiGo flies high on commencing non-stop daily flights between Bengaluru-Shivamogga
Source: Accord Fintech
1/09/2023 3:30:55 PM
Hindustan Aeronautics surges on collaborating with Haveus Aerotech Hindustan Aeronautics is currently trading at Rs. 3942.00, up by 31.15 points or 0.80% from its previous closing of Rs. 3910.85 on the BSE. The scrip opened at Rs. 3925.05 and has touched a high and low of Rs. 3959.95 and Rs. 3900.00 respectively. So far 24155 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4138.80 on 24-Aug-2023 and a 52 week low of Rs. 2203.05 on 29-Aug-2022. Last one week high and low of the...
Hindustan Aeronautics surges on collaborating with Haveus Aerotech
Hindustan Aeronautics surges on collaborating with Haveus Aerotech
Source: Accord Fintech
28/08/2023 12:45:12 PM
Aviation Sector Update : Industry yields witness significant decline; ATF on the rise By Geojit Financial Services Ltd Passenger traffic for Jul’23 marginally declined by ~3.0% MoM to 12.1mn. Aug’23 passenger traffic run rate implies ~12.1mn flat MoM. Last reported domestic PLF for Jul’23 witnessed a decline MoM across airlines with Indigo’s PLF at ~83.7% (-7.2ppt MoM) while Air India’s PLF stood at ~84.2% (-4.0ppt MoM). Indigo continued to gain market share during Jul’23 with its share now at 63.4% (63.2% in Jun’23). Indigo has also increased focus towards internatio...
Aviation Sector Update : Industry yields witness significant decline; ATF on the rise By Geojit Financial Services Ltd
Aviation Sector Update : Industry yields witness significant decline; ATF on the rise By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
25/08/2023 12:48:30 PM
IndiGo flies high on adding Khajuraho as 80th domestic destination in 6E network Interglobe Aviation is currently trading at Rs. 2496.75, up by 25.55 points or 1.03% from its previous closing of Rs. 2471.20 on the BSE. The scrip opened at Rs. 2479.05 and has touched a high and low of Rs. 2505.00 and Rs. 2479.05 respectively. So far 10141 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the s...
IndiGo flies high on adding Khajuraho as 80th domestic destination in 6E network
IndiGo flies high on adding Khajuraho as 80th domestic destination in 6E network
Source: Accord Fintech
23/08/2023 1:41:37 PM
IndiGo flies high on adding Jaisalmer as 81st domestic destination in 6E network Interglobe Aviation is currently trading at Rs. 2469.90, up by 21.45 points or 0.88% from its previous closing of Rs. 2448.45 on the BSE. The scrip opened at Rs. 2440.15 and has touched a high and low of Rs. 2471.80 and Rs. 2437.05 respectively. So far 8234 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the sc...
IndiGo flies high on adding Jaisalmer as 81st domestic destination in 6E network
IndiGo flies high on adding Jaisalmer as 81st domestic destination in 6E network
Source: Accord Fintech
22/08/2023 3:19:58 PM
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million Shares of Interglobe Aviation dropped 3.2% in early trade on Wednesday, a day after a report said the family of IndiGo's co-founder Rakesh Gangwal would sell shares worth up to $450 million via a block deal. IndiGo did not respond to a Reuters request for comment.
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
Source: Reuters
16/08/2023 9:30:40 AM
SpiceJet logs Rs 204 crore PAT for Q1 SpiceJet Ltd on Monday said it closed the first quarter with a net profit of Rs 204.56 crore. In a regulatory filing, the airline said during the quarter that ended on June 30, it had earned an operational revenue of Rs 2,001.74 crore (Q1FY23 Rs 2,456.76 crore) and a net profit of Rs 204.56 crore (net loss of Rs 788.82 crore). During the quarter under review, the company’s total expenses came down to Rs 2,063.49 crore -- contributed mainly by reducing in aviation turbine fuel cost...
SpiceJet logs Rs 204 crore PAT for Q1
SpiceJet logs Rs 204 crore PAT for Q1
Source: IANS
14/08/2023 3:54:19 PM
Boeing front-runner in widebody jet talks with IndiGo  Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, India's biggest airline, industry sources told Reuters on Monday. IndiGo is in talks to buy Boeing's 787 family of twin-aisle aircraft which has been pitted against Airbus' A330neo jets, said the sources who are familiar with the matter. No decision has been finalised, the sources said, requesting anonymity as the negotiations are confidential. IndiGo said it does n...
Boeing front-runner in widebody jet talks with IndiGo
Boeing front-runner in widebody jet talks with IndiGo
Source: Reuters
14/08/2023 3:46:23 PM
India's SpiceJet posts highest profit in four years on lower costs Indian budget carrier SpiceJet on Monday reported its highest quarterly profit in four years, as a sharp drop in expenses due to fewer flights operated more than offset a fall in revenue – sending shares up 6%. The company's profit for the first quarter ended June 30 came in at 2.05 billion rupees ($24.7 million), from a loss of 7.89 billion rupees a year ago. The airline also reported a profit of 168.6 million rupees for the quarter ended March 31, compared to a loss of 4.58 ...
India's SpiceJet posts highest profit in four years on lower costs
India's SpiceJet posts highest profit in four years on lower costs
Source: Reuters
14/08/2023 11:56:12 AM
Hindustan Aeronautics gains on reporting 31% rise in Q1 consolidated net profit Hindustan Aeronautics is currently trading at Rs. 3829.40, up by 25.00 points or 0.66% from its previous closing of Rs. 3804.40 on the BSE. The scrip opened at Rs. 3770.05 and has touched a high and low of Rs. 3845.85 and Rs. 3715.00 respectively. So far 23906 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3999.10 on 31-Jul-2023 and a 52 week low of Rs. 2202.20 on 22-Aug-2022. Last one week high and low of the...
Hindustan Aeronautics gains on reporting 31% rise in Q1 consolidated net profit
Hindustan Aeronautics gains on reporting 31% rise in Q1 consolidated net profit
Source: Nirmal Bang Ltd
14/08/2023 11:04:38 AM
GMR Airports Infrastructure shines on planning to raise up to Rs 5,000 crore through various modes GMR Airports Infrastructure is currently trading at Rs. 54.20, up by 1.95 points or 3.73% from its previous closing of Rs. 52.25 on the BSE. The scrip opened at Rs. 52.11 and has touched a high and low of Rs. 54.50 and Rs. 52.11 respectively. So far 398278 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 54.50 on 09-Aug-2023 and a 52 week low of Rs. 33.35 on 24-Aug-2022. Last one week high and low of the scrip st...
GMR Airports Infrastructure shines on planning to raise up to Rs 5,000 crore through various modes
GMR Airports Infrastructure shines on planning to raise up to Rs 5,000 crore through various modes
Source: Accord Fintech
10/08/2023 1:38:40 PM
Air India CEO meets India antitrust chief on pending Vistara merger -sources Air India Chief Executive Campbell Wilson has held talks with India's antitrust head on its pending merger with sister airline Vistara, weeks after the watchdog raised concerns about market power, people familiar with the matter said. The Competition Commission of India has been scrutinising the planned merger of Air India, which Tata Group took over last year, with Vistara, a joint venture between Tata and Singapore Airlines. The merged airline would challenge local rival and market l...
Air India CEO meets India antitrust chief on pending Vistara merger -sources
Air India CEO meets India antitrust chief on pending Vistara merger -sources
Source: Reuters
4/08/2023 7:13:08 PM
Neutral InterGlobe Aviation Ltd For Target Rs 2,630 - Motilal Oswal Financial Services Ltd * IndiGo reported a PAT of INR30.9b, higher than our expectation, on account of an increased scale and efficiency in operations, lower fuel costs and favorable forex. Revenue passenger kilometers (RPK) came in at 29b. Passenger load factor (PLF) was higher at 88.7%, with available seat kilometers (ASK) at 32.7b (est. 31.5b) and yield at INR5.2 (est. INR4.3). * Capacity guidance of achieving mid-teens growth in FY24 remains intact as the airline targets to service 100m customers in FY24. Ma...
Neutral InterGlobe Aviation Ltd For Target Rs 2,630 - Motilal Oswal Financial Services Ltd
Neutral InterGlobe Aviation Ltd For Target Rs 2,630 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
3/08/2023 2:13:42 PM
Conversion of lessor dues into equity spices up SpiceJet counter at the bourses The shares ofe SpicJet on Tuesday got spiced up at the markets as it sought the shareholders nod to issue equity shares to aircraft lessors to convert their $2.81 crore outstanding dues. The company also sought the shareholders nod for issue of warrants to promoter group company Spice Healthcare Private Ltd. According to SpiceJet, the shareholders nod is sought to issue about 4.81 crore shares with a face value of Rs10 per share at a price of Rs 48 per share to the aircraft lessors and ...
Conversion of lessor dues into equity spices up SpiceJet counter at the bourses
Conversion of lessor dues into equity spices up SpiceJet counter at the bourses
Source: IANS
3/08/2023 10:25:00 AM
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups  Interglobe Aviation Ltd, that owns Indigo Airlines, on Wednesday announced that it will be floating a Limited Liability Partnership to invest in startups. The company also said it closed the first quarter of 2023-24 with a net profit of Rs 3,087.2 crore. In a regulatory filing, the company said the proposed Limited Liability Partnership will invest in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality, and transportation and&nbs...
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups
Source: Reuters
3/08/2023 9:34:55 AM
Air India appoints Manish Uppal as head of flight operations Tata-owned Air India has appointed Manish Uppal as Head of Flight Operations. According to an announcement issued on Tuesday, Uppal, who is currently the Head of Operations at Air Asia India, will assume the role of Head of Flight Operations (Designate) at Air India Limited with immediate effect. "In his new role, he will be reporting to the Chief of Operations, Capt. R S Sandhu," the statement said. "Manish is a trained airline transport pilot with over 19 years of ex...
Air India appoints Manish Uppal as head of flight operations
Air India appoints Manish Uppal as head of flight operations
Source: IANS
2/08/2023 10:21:47 AM
DGCA greenlights Air India, IndiGo`s aircraft imports The Directorate General of Civil Aviation (DGCA) has granted in-principle approval to Air India and IndiGo for the import of 470 and 500 aircraft, respectively, the Parliament was told on Monday. Minister of State for Civil Aviation, Gen V.K. Singh (retd), in a written reply, told the Rajya Sabha that the details of the aircraft approved for import by the DGCA are enclosed as an annexure, but information regarding the cost of acquisition of these aircraft, being of commercial nature betwee...
DGCA greenlights Air India, IndiGo`s aircraft imports
DGCA greenlights Air India, IndiGo`s aircraft imports
Source: IANS
1/08/2023 10:01:06 AM
IndiGo engages with Pratt & Whitney following engine recall InterGlobe Aviation, the operator of IndiGo airlines, on Wednesday said that it is in contact with engine manufacturer Pratt and Whitney to thoroughly evaluate any potential implications on its fleet. This decision comes in response to a recent cautionary statement issued by the US engine manufacturer, which has also created apprehension among airlines worldwide. "We are in receipt of the information from OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspectio...
IndiGo engages with Pratt & Whitney following engine recall
IndiGo engages with Pratt & Whitney following engine recall
Source: IANS
27/07/2023 9:15:17 AM
IndiGo says working with Pratt & Whitney after latest engine inspection InterGlobe Aviation, which owns India's top airline IndiGo, said on Wednesday that it is working with Pratt & Whitney to assess the impact on the company's fleet after the engine maker's latest inspection of its engines.
IndiGo says working with Pratt & Whitney after latest engine inspection
IndiGo says working with Pratt & Whitney after latest engine inspection
Source: Reuters
26/07/2023 2:42:59 PM
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia Minister of Civil Aviation and Steel Jyotiraditya M Scindia has said that the country's civil aviation sector has been democratised in the last nine years. Along with the number of airports, there has been a vast expansion in the number of aircraft and the market size. And in this expansion of big metro airports and large airlines, are as important as small town airports, small airlines and helicopters. At Heli Summit 2023, the minister launched UDAN 5.2 and HeliSewa-App. UDAN 5.2 has ...
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia
Country`s civil aviation sector democratised in last nine years: Jyotiraditya M Scindia
Source: Accord Fintech
26/07/2023 12:57:48 PM
DGCA approves Go First`s resumption of operations on specific conditions India's civil aviation regulator, the Directorate General of Civil Aviation (DGCA) has granted approval to airline Go First's plan to resume operations , subject to specific conditions. In its notification issued on Friday, the DGCA said that the proposed resumption plan submitted by the Resolution Professional (RP), Go First, dated June 28, amended vide communication dated July 15, has been examined by this office and the same is accepted by the competent authority, subject to the...
DGCA approves Go First`s resumption of operations on specific conditions
DGCA approves Go First`s resumption of operations on specific conditions
Source: Reuters
21/07/2023 4:22:37 PM
IndiGo flies high on introducing new daily direct flights between Hyderabad - Singapore Interglobe Aviation is currently trading at Rs. 2722.55, up by 22.70 points or 0.84% from its previous closing of Rs. 2699.85 on the BSE. The scrip opened at Rs. 2719.90 and has touched a high and low of Rs. 2724.70 and Rs. 2685.75 respectively. So far 4425 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the sc...
IndiGo flies high on introducing new daily direct flights between Hyderabad - Singapore
IndiGo flies high on introducing new daily direct flights between Hyderabad - Singapore
Source: Accord Fintech
20/07/2023 1:27:09 PM
InterGlobe Aviation rises on introducing connectivity between Lucknow and Varanasi Interglobe Aviation is currently trading at Rs. 2682.65, up by 30.15 points or 1.14% from its previous closing of Rs. 2652.50 on the BSE. The scrip opened at Rs. 2653.05 and has touched a high and low of Rs. 2686.00 and Rs. 2653.05 respectively. So far 3368 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the sc...
InterGlobe Aviation rises on introducing connectivity between Lucknow and Varanasi
InterGlobe Aviation rises on introducing connectivity between Lucknow and Varanasi
Source: Accord Fintech
19/07/2023 12:24:28 PM
Hindustan Aeronautics rises on inking pact with Safran Helicopter Engines Hindustan Aeronautics is currently trading at Rs. 3848.00, up by 11.30 points or 0.29% from its previous closing of Rs. 3836.70 on the BSE. The scrip opened at Rs. 3860.00 and has touched a high and low of Rs. 3913.60 and Rs. 3834.00 respectively. So far 34523 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3950.00 on 19-Jun-2023 and a 52 week low of Rs. 1718.00 on 15-Jul-2022. Last one week high and low of the...
Hindustan Aeronautics rises on inking pact with Safran Helicopter Engines
Hindustan Aeronautics rises on inking pact with Safran Helicopter Engines
Source: Accord Fintech
17/07/2023 11:47:36 AM
India's Godrej Aerospace expects $12.1 million in civil aviation revenue  India's Godrej Aerospace expects 1 billion Indian rupees ($12.10 million) in revenue from civil aviation business in its current financial year, associate vice president Maneck Behramkamdin said on Monday. The company is also in talks with some suppliers of Airbus and <Boeing BA.N> to manufacture aircraft parts, Behramkamdin told Reuters.
India's Godrej Aerospace expects $12.1 million in civil aviation revenue
India's Godrej Aerospace expects $12.1 million in civil aviation revenue
Source: Reuters
10/07/2023 7:18:29 PM
IndiGo flies high on adding three new routes to and from Pune Interglobe Aviation is currently trading at Rs. 2680.00, up by 49.95 points or 1.90% from its previous closing of Rs. 2630.05 on the BSE. The scrip opened at Rs. 2639.85 and has touched a high and low of Rs. 2693.05 and Rs. 2625.15 respectively. So far 12534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2724.95 on 07-Jul-2023 and a 52 week low of Rs. 1644.50 on 08-Jul-2022. Last one week high and low of the s...
IndiGo flies high on adding three new routes to and from Pune
IndiGo flies high on adding three new routes to and from Pune
Source: Accord Fintech
10/07/2023 12:45:37 PM
Hindustan Aeronautics trades higher on bagging contract worth Rs 458.87 crore Hindustan Aeronautics is currently trading at Rs. 3777.65, up by 18.70 points or 0.50% from its previous closing of Rs. 3758.95 on the BSE. The scrip opened at Rs. 3789.00 and has touched a high and low of Rs. 3803.00 and Rs. 3746.15 respectively. So far 13399 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3950.00 on 19-Jun-2023 and a 52 week low of Rs. 1718.00 on 15-Jul-2022. Last one week high and low of the...
Hindustan Aeronautics trades higher on bagging contract worth Rs 458.87 crore
Hindustan Aeronautics trades higher on bagging contract worth Rs 458.87 crore
Source: Accord Fintech
10/07/2023 11:20:00 AM
Expression of Interest sought in India's Go Airlines possible sale A resolution professional appointed to oversee the insolvency process for Go Airlines (India) Ltd has invited Expression of Interest for the sale of the carrier as part of the process, a newspaper advertisement showed on Monday. The last date for receipt of interest for the airline is set for Aug. 9, according to a advertisement. The airline did not immediately respond to a Reuters request for comment.
Expression of Interest sought in India's Go Airlines possible sale
Expression of Interest sought in India's Go Airlines possible sale
Source: Reuters
10/07/2023 9:43:32 AM
Post-pandemic travel boom has resulted in healthy yields for airlines Explaining the continuing financial choppiness afflicting the Indian carriers, an expert industry watcher blames it on multiple structural factors -- absence of a strong capital structure and low-cost infrastructure, the heavy taxation burden on aviation turbine fuel (ATF), and the fact that 60-70 per cent of costs are dollar denominated. In an interview with IANS, Jagannarayan Padmanabhan, Senior Director, Consulting, CRISIL Market Intelligence and Analytics, said the duopoly in the marke...
Post-pandemic travel boom has resulted in healthy yields for airlines
Post-pandemic travel boom has resulted in healthy yields for airlines
Source: IANS
9/07/2023 5:32:32 PM
Airbus books record India orders, confirms higher deliveries Record demand from India sharply increased Airbus orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo and 250 from Air India that were announced or finalised at last month's Paris Airshow. Efforts by Indian airlines to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent ind...
Airbus books record India orders, confirms higher deliveries
Airbus books record India orders, confirms higher deliveries
Source: Reuters
7/07/2023 1:28:36 PM
IndiGo flies high on unveiling new connections between Delhi and Baku Interglobe Aviation is currently trading at Rs. 2702.00, up by 43.60 points or 1.64% from its previous closing of Rs. 2658.40 on the BSE. The scrip opened at Rs. 2650.00 and has touched a high and low of Rs. 2705.90 and Rs. 2648.75 respectively. So far 15732 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2705.90 on 06-Jul-2023 and a 52 week low of Rs. 1624.00 on 06-Jul-2022. Last one week high and low of the s...
IndiGo flies high on unveiling new connections between Delhi and Baku
IndiGo flies high on unveiling new connections between Delhi and Baku
Source: Accord Fintech
6/07/2023 3:26:00 PM
Indian court allows Go First lessors to access aircraft for inspection An Indian court on Wednesday allowed leasing companies to access aircraft leased to Go First for inspection and maintenance, though they were still unable to repossess them while the airline's operations remain stalled. Lessors of Go First, which was granted bankruptcy protection on May 10, have made several attempts to reclaim planes for missed payments, filing over 50 requests with the watchdog to allow repossession. The lessors argue the airline has no rights over planes as the l...
Indian court allows Go First lessors to access aircraft for inspection
Indian court allows Go First lessors to access aircraft for inspection
Source: Reuters
5/07/2023 4:31:45 PM
DGCA, EASA join hands to propel unmanned aircraft systems, air mobility With an aim at advancing in the field of unmanned aircraft systems (UAS) and innovative air mobility, the Directorate General of Civil Aviation (DGCA) has entered into a Memorandum of Understanding (MoU) with the European Union Aviation Safety Agency (EASA), a Civil Aviation Ministry official said on Wednesday. The MoU was signed in Brussels on Tuesday. In a statement, the Ministry said that this collaboration would include cooperation between DGCA and EASA in the areas of development o...
DGCA, EASA join hands to propel unmanned aircraft systems, air mobility
DGCA, EASA join hands to propel unmanned aircraft systems, air mobility
Source: IANS
5/07/2023 3:50:01 PM
SpiceJet flies high on repaying loan of Rs 100 crore to City Union Bank SpiceJet is currently trading at Rs. 31.20, up by 0.56 points or 1.83% from its previous closing of Rs. 30.64 on the BSE. The scrip opened at Rs. 31.70 and has touched a high and low of Rs. 32.00 and Rs. 30.70 respectively. So far 5380080 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.40 on 03-Aug-2022 and a 52 week low of Rs. 22.65 on 23-May-2023. Last one week high and low of the scrip stood at Rs. 32.00 ...
SpiceJet flies high on repaying loan of Rs 100 crore to City Union Bank
SpiceJet flies high on repaying loan of Rs 100 crore to City Union Bank
Source: Accord Fintech
4/07/2023 4:08:06 PM
IndiGo flies high on launching Mumbai-Jakarta direct flights Interglobe Aviation is currently trading at Rs. 2651.65, up by 24.80 points or 0.94% from its previous closing of Rs. 2626.85 on the BSE. The scrip opened at Rs. 2620.05 and has touched a high and low of Rs. 2661.00 and Rs. 2614.00 respectively. So far 11870 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,661.00 on 3-July-2023 and a 52 week low of Rs. 1588.95 on 04-Jul-2022. Last one week high and low of the ...
IndiGo flies high on launching Mumbai-Jakarta direct flights
IndiGo flies high on launching Mumbai-Jakarta direct flights
Source: Accord Fintech
3/07/2023 12:43:07 PM
IndiGo rises on launching direct connectivity between Hyderabad, Ras Al Khaimah Interglobe Aviation is currently trading at Rs. 2645.05, up by 25.20 points or 0.96% from its previous closing of Rs. 2619.85 on the BSE. The scrip opened at Rs. 2638.00 and has touched a high and low of Rs. 2656.95 and Rs. 2610.50 respectively. So far 12401 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2656.95 on 30-Jun-2023 and a 52 week low of Rs. 1588.95 on 04-Jul-2022. Last one week high and low of the s...
IndiGo rises on launching direct connectivity between Hyderabad, Ras Al Khaimah
IndiGo rises on launching direct connectivity between Hyderabad, Ras Al Khaimah
Source: Accord Fintech
30/06/2023 11:54:45 AM
Aviation Sector Update : Industry yields benefit from GoFirst`s suspension of operations - JM Financial Passenger traffic for Apr’23 marginally decreased by ~1.0% MoM to 12.9mn. May’23 passenger traffic run rate implies ~13.2mn up 2.4% MoM, representing a level higher than pre covid levels. Last reported domestic PLF for Apr’23 witnessed an improvement MoM across airlines with Indigo’s PLF at ~87.4% (+3.4ppt MoM) while Air India’s PLF stood at ~87.9% (+2.8ppt MoM). Indigo’s market share stood at 57.5% (+0.7ppt MoM) during Apr’23 while Tata group company...
Aviation Sector Update : Industry yields benefit from GoFirst`s suspension of operations - JM Financial
Aviation Sector Update : Industry yields benefit from GoFirst`s suspension of operations - JM Financial
Source: JM Financial Institutional Securities Ltd
29/06/2023 11:20:35 AM
India`s aerospace suppliers see upside in parts-making from record jet orders Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace. Now, small and medium suppliers want to capitalize on that to drive more sales of locally sourced par...
India`s aerospace suppliers see upside in parts-making from record jet orders
India`s aerospace suppliers see upside in parts-making from record jet orders
Source: Reuters
28/06/2023 3:51:51 PM
Buy InterGlobe Aviation Ltd For Target Rs3,000 - ICICI Securities Repeat order underlines consistency in business strategy   InterGlobe Aviation’s (IndiGo) fleet management has been its absolute bedrock in building a successful cost-efficient airline operation. This has been further strengthened by IndiGo’s latest order of 500 Airbus A320 family aircraft placed in June’23. The key elements of IndiGo’s successful fleet strategy are: (1) Ordering well in advance to ensure continuous increase in capacity along with benefits o...
Buy InterGlobe Aviation Ltd For Target Rs3,000 - ICICI Securities
Buy InterGlobe Aviation Ltd For Target Rs3,000 - ICICI Securities
Source: ICICI Securities Ltd
26/06/2023 12:57:50 PM
Go First's lenders approve $55 million fund infusion to revive bankrupt Indian carrier Lenders to India's Go First, which is under bankruptcy protection, have approved interim funding of 4.50 billion rupees ($54.9 million) to resume operations and restart the airline, two banking sources said. Go First was granted bankruptcy protection on May 10. Reuters reported last week that the airline has sought 4 billion - 6 billion rupees in additional funds from banks. "This interim funding does not come with collateral, it will be a part of the insolvency cost and will b...
Go First's lenders approve $55 million fund infusion to revive bankrupt Indian carrier
Go First's lenders approve $55 million fund infusion to revive bankrupt Indian carrier
Source: Reuters
26/06/2023 12:55:15 PM
GE to jointly produce fighter jet engines in India General Electric's aerospace unit said on Thursday it has signed an agreement with India's state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force. The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States. The agreement includes the potential joint production of GE Aerospace's F414 engines in India and the engines will be used to power Tejas fighter jets, GE said. Washing...
GE to jointly produce fighter jet engines in India
GE to jointly produce fighter jet engines in India
Source: Reuters
22/06/2023 5:03:18 PM
IndiGo flies high on getting DGCA`s nod to operate new international flights Interglobe Aviation is currently trading at Rs. 2456.95, up by 18.60 points or 0.76% from its previous closing of Rs. 2438.35 on the BSE. The scrip opened at Rs. 2450.00 and has touched a high and low of Rs. 2462.00 and Rs. 2431.25 respectively. So far 11032 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2499.95 on 20-Jun-2023 and a 52 week low of Rs. 1559.75 on 21-Jun-2022. Last one week high and low of the s...
IndiGo flies high on getting DGCA`s nod to operate new international flights
IndiGo flies high on getting DGCA`s nod to operate new international flights
Source: Accord Fintech
21/06/2023 2:00:54 PM
Domestic airlines witness 36.10% increase in passenger count The passenger count in domestic airlines from January-May 2023 reached an impressive milestone of 636.07 lakh, reflecting a significant annual growth rate of 36.10 per cent compared to the corresponding period in the previous year (Jan-May 2022) when it stood at 467.37 lakh, said an official on Friday. According to traffic data shared by various airlines, in May 2022, the passenger count stood at 114.67 lakh, and in May 2023, it rose to 132.41 lakh, indicating a month-on-month growth of 15...
Domestic airlines witness 36.10% increase in passenger count
Domestic airlines witness 36.10% increase in passenger count
Source: IANS
17/06/2023 9:15:14 AM