National
Shares of InterGlobe Aviation, the operator of IndiGo, have fallen around 21 percent in December, as investors react to the airline’s continuing operational troubles and regulatory pressure. CEO Summoned by Aviation Regulator The Directorate General of Civil Aviation (DGCA) has summoned IndiGo CEO Pieter Elbers to appear before the regulator on Thursday. He is expected
National
The Prime Minister’s Office held a meeting with officials from the Ministry of Civil Aviation, the Directorate General of Civil Aviation and the Airports Authority of India to review the ongoing disruption of IndiGo flights. The meeting discussed the scale of delays and cancellations affecting passengers at several major airports. Flight cuts and inspections ordered […]
National
Civil Aviation Minister Ram Mohan Naidu has said he would not hesitate to remove IndiGo’s CEO if the airline fails to correct its operational problems. The statement came after a major disruption that grounded flights and caused widespread inconvenience for passengers across the country. Cancellations triggered nationwide crisis IndiGo cancelled more than 2,000 flights
Business
IndiGo’s parent company, InterGlobe Aviation, continued to see its share price drop on Tuesday. The stock fell another 1.5%, marking the eighth straight session of losses. In a week, the company has lost nearly 17% of its value, wiping out around ₹40,000 crore in market capitalisation. Operational problems trigger sell-off The decline follows a major […]
National
India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), is likely to ask IndiGo to reduce its flight operations temporarily. The move is being considered after a severe pilot shortage led to thousands of cancellations and delays in recent days. Officials said the disruption began after new duty and rest regulations for pilots came […]