HP Inc to lay off 100 employees in Israel, most cuts in Indigo division
PC and printer major HP Inc is laying off 100 employees and most of the job cuts will be in HP Indigo, which is engaged in the production of digital printing machines.
IndiGo orders 500 new aircraft from Boeing, Airbus as part of its expansion plan to reach Europe
IndiGo, which has more than 300 planes in its fleet, currently operates to 76 domestic and 26 international destinations. As per the airline officials, IndiGo has ordered aircraft from European giant Airbus and US-based aerospace major Boeing.
IndiGo plans flights to Nairobi, Jakarta, central Asian destinations: CEO
The country's largest airline IndiGo, which is "back with a bang", is looking to start flights to Nairobi, Jakarta and some central Asian destinations as the carrier focuses on internationalisation, according to its chief Pieter Elbers. Amid intensifying competition and Air India set for expansion with massive plane orders, the IndiGo chief asserted that there is a lot of growth ahead in the Indian market that "justifies multiple airlines". "There is a lot going on in the Indian aviation landscape... The fact that Indian aviation is getting into the next stage, including the consolidation being done under the Air India group, is a natural evolution of the market. "I look to the competition. It is good to have competition but it will be a competition that is going hand-in-hand with the growth of the market," Elbers told PTI in an interview here. IndiGo, which has more than 300 planes in its fleet, currently operates to 76 domestic and 26 international destinations. Flights to two mo
In next phase of growth, emphasis on international: IndiGo CEO Elbers
'The focus is to stay true to our customer promise', said Elbers IndiGo restores pilots' increments amid financial turnaround, Q3 profit
Airline made net profit of Rs 1,422 cr in Q3FY23, after three consecutive quarters of loss
Centre admits Tejasvi Surya opened emergency door of IndiGo plane in Dec
BJP member Tejasvi Surya had accidentally opened the emergency door of an IndiGo aircraft last month and the airline did not find the passenger in violation of any rule, according to the civil aviation ministry. Surya, the ruling BJP's Bengaluru South MP, has been facing flak from Congress over the incident, which happened on December 10 last year at Chennai airport. To a question on whether the government through aviation regulator DGCA has identified the passenger who illegally opened the emergency door of a flight at Chennai, Minister of State for Civil Aviation V K Singh replied in the affirmative. "As per the report submitted by InterGlobe Aviation Limited, the name of the passenger alleged in the incident is Shri Tejasvi Surya who had boarded flight 6E-7339 (Chennai to Tiruchirappalli) at Chennai Airport on December 10, 2022. "The emergency door opened accidently as clarified by InterGlobe Aviation Limited. This was not a deliberate action and as per InterGlobe Aviation, they
InterGlobe Aviation Ltd - 539448 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
The Company has allotted 72,311 equity shares of face value of Rs. 10/- each, to those grantees who had exercised their options under the lnterGlobe Aviation Limited - Employees Stock Option Scheme, 2015 in accordance with the terms set out in the scheme. The details of the said allotment are given in the Letter.
IndiGo steadies ship before slow Q4
The company swung to a net profit of 1,418 crore, from a net loss of 1,586 crore in the September quarter, which was better than expected.
IndiGo's makes smooth landing in Q3, but turbulence likely ahead
To be sure, volatility in fuel costs remains a looming threat and investors would do well to closely track this.
