SpiceJet shares rally over 8% on dispute settlement with Babcock & Brown Aircraft mgt
The airline has settled a $131.85 million dispute with its lessors for $22.5 million.
The airline has settled a $131.85 million dispute with its lessors for $22.5 million.
IndiGo promoter and co-founder Rakesh Gangwal, who holds 5.89% shares in the airline, is looking to exit the company by selling his stake.
Rahul Bhatia, the promoter and managing director of IndiGo, is looking to sell around 2% stake in the company through his entity Interglobe Enterprises.
Why India’s leading private airline IndiGo’s decision to introduce wide body aircraft for the first time received a muted response
With no discernible results in the service on offer or the bottomline, the large amounts spent by Tata Sons on Air India’s turnaround get harder to justify
IndiGo, which cornered over 60% of the domestic market share, is expecting early double-digit growth in its capacity in the next fiscal.
Aviation industry is expecting domestic traffic of 30 crore by 2030 from just 6 crore in 2014, says Jyotiraditya Scindia
Shares of SpiceJet rose 4% to ₹65.40 in intraday trade on the BSE.
India's aviation industry watches open-mouthed as Spicejet’s Ajay Singh attempts to take on more headaches than he already has
“With these 5 consecutive quarters of profit we continue to recover from the losses of Covid and have now become net worth positive again,” says CEO Pieter Elbers.