Latest news with #IndiGo
Skift
13 hours ago
- Business
- Skift
IndiGo Expands into Long-Haul Routes with Jetstar Codeshare Agreement
The IndiGo–Jetstar codeshare shows just how much the aviation scene in Asia is changing. On one side, you have IndiGo growing quickly and getting ready for long-haul routes. On the other, Jetstar is pulling back and sticking to what it knows best. One month after announcing the closure of its Singapore subsidiary, Jetstar has inked a new codeshare deal with IndiGo. It's a move that connects two major low-cost carriers. The new agreement allows IndiGo passengers to book trips to 14 destinations in Australia and New Zealand on Jetstar flights through IndiGo's platform. While Qantas, Jetstar's parent company, already has a codeshare with IndiGo, this new arrangement adds direct access to Jetstar's low-cost routes in Australasia, connecting via Singapore, Bangkok, and Phuket. It comes at a time when IndiGo is steadily shifting from a regional airline to one with serious global ambitions. Jetstar Asia's Exit Jet
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Business Standard
14 hours ago
- Business
- Business Standard
Ambit sees 20% upside in IndiGo stock as aviation sector gains altitude
InterGlobe aviation share price today: India's aviation sector has not been on the best ground lately, owing to sectoral headwinds and liquidity challenges resulting from the capital-intensive nature of the sector. However, with the government's rising focus on airport infrastructure, favourable demand-supply dynamics and a robust order book, the old playbook of India's aviation industry might change. Ambit has initiated coverage on InterGlobe Aviation (IndiGo) with a double-digit upside estimated and a 'Buy' rating. Strong upside for InterGlobe Aviation Ambit has initiated coverage on InterGlobe Aviation with a 'Buy' rating, with the target price of ₹7,000 from the current market price (CMP) of ₹5,840. This implies a robust double-digit upside of 20 per cent. So far this calendar year, the shares of the aviation firm have experienced a strong rise of over 30 per cent. "Increasing codeshare agreements and a strong network put IndiGo in sweet spot to capture growing share of inbound/outbound traffic. IndiGo is strategically expanding into underserved Asian markets by launching routes to less-frequented destinations like Almaty, Baku, Tashkent, Tbilisi, Jakarta and Nairobi, aiming to capture growing demand in areas with minimal competition," the brokerage noted. The airline is planning to invest heavily in aerospace parts by utilising cash effectively. On top of this, InterGlobe (IndiGo) is also making a switch from low-cost carrier (LCC) to a hybrid model by launching a premium offering on select routes. Both of these factors have prompted the brokerage firm to take a bullish outlook on IndiGo and its ability to maintain the market share. Aviation sector outlook For India's aviation sector, as a whole, data figures paint an optimistic image. Between financial year 2013-14 (FY14) and FY24, domestic passenger traffic in India grew at a compound annual growth rate (CAGR) of 9.7 per cent, outpacing international passenger traffic, which saw a 4.5 per cent CAGR. In FY24, the passenger load factor hit a decadal high of 88 per cent, surpassing pre-covid levels. That apart, domestic carriers currently hold a record-high aircraft order book of over 2,000 planes, accounting for 14 per cent of the global order books of Airbus and Boeing. With the number of airports projected to rise to 300–350 by 2047, India's aviation sector is poised for an unprecedented phase of expansion, according to the brokerage firm Track Stock Market LIVE Updates GIFT City to fuel growth Despite strong growth prospects, India's aviation industry continues to favour the LCC model. This is mainly due to the country's price-sensitive market. While two full-service carriers (FSCs), Kingfisher and Jet Airways, once had a presence, it's been over a decade since they exited the market owing to intensified competition from LCCs. Meanwhile, the largest remaining FSC, Air India, has since been privatised and Vistara has now merged with it. Keeping in view the high capital-intensive structure of the aviation industry, leasing becomes a key strategy for airlines. At the global front, Ireland and China are already among the leading players when it comes to aircraft leasing. As for India, the nation is building its very own leasing hub within the GIFT City International Financial Services Centre (IFSC). A domestic leasing ecosystem gives airlines better control over lease terms, reduces forex risk and supports growth in both aviation and MRO sectors. Also, not ignoring the job prospects. That said, the momentum is already quite visible in figures. As of January 2025, 33 lessors had registered at GIFT IFSC, enabling the lease of over 60 aircraft, including jets, helicopters and engines. Watching the China playbook India and China, having the tag of largest population size, are among the top domestic aviation markets in the world (just behind the US). While China's aviation industry is much larger and mature as compared to that of India, Ambit believes that India's low per capita trip rate leaves room for higher growth prospects in the sector. "By accelerating infrastructure, expanding fleets, reducing costs, boosting international routes, developing talent and adopting technology, India can close the gap, potentially matching China's passenger volume by the next decade. Sustained execution and economic growth are critical to rival China's scale," the brokerage firm said.
News18
15 hours ago
- Climate
- News18
Heavy Rain Lashes Mumbai, IMD Issues Orange Alert; Raigad On Red Alert
The weather department has issued alerts for various places in Maharashtra, including orange alert in Mumbai. Amid heavy rains across Mumbai city and suburbs, the police advised the residents to avoid visiting coastal and low-lying areas, as the India Meteorological Department (IMD) issued an orange alert for the city on Tuesday. An orange alert was also issued for Thane and Pune, while a red alert was issued for Raigad and a yellow alert for Palghar. An orange alert is issued when heavy rain is expected, usually between 115.6 mm and 204.4 mm in 24 hours. The IMD said that light to moderate rain is likely in many parts of Mumbai and nearby areas over the next four days. The IMD further said that moderate rain is likely to occur in some parts of Mumbai and Thane over the next 3–4 hours. There could also be thunder, lightning, and strong winds in some areas. The IMD has advised people to be careful when stepping outside. In view of the heavy rain across Mumbai city and suburbs, citizens are requested to avoid visiting coastal and low-lying officials and staff are alert and ready to assist Mumbaikars. Dial 100 / 112 / 103 in case of any emergency. #MumbaiRainAlert #MumbaiPolice4All — मुंबई पोलीस – Mumbai Police (@MumbaiPolice) July 15, 2025 Due to heavy downpour, parts of the city were waterlogged, causing inconvenience to the commuters. 'Due to 2 feet of water accumulation, the Andheri Subway in Andheri West, Mumbai, has been closed to traffic and has been diverted via Gokhale Bridge," Mumbai Traffic Police tweeted. 'There's a heavy downpour over #Mumbai at the moment, causing some temporary disruption to flight schedules. If you are travelling today, please be aware of potential delays and allow additional time for your journey, especially with traffic moving slower than usual. We're monitoring the situation closely and will get you airborne as soon as possible," IndiGo tweeted. Travel AdvisoryThere's a heavy downpour over #Mumbai at the moment, causing some temporary disruption to flight you are travelling today, please be aware of potential delays and allow additional time for your journey, especially with traffic moving slower than… — IndiGo (@IndiGo6E) July 15, 2025 SpiceJet also informed its passengers about possible delays in departures or arrivals. '#WeatherUpdate: Due to bad weather (heavy rains) in Mumbai (BOM), all departures/arrivals and their consequential flights may be affected. Passengers are requested to keep a check on their flight status via SpiceJet tweeted. Akasa Air also issued an advisory for travellers in view of rainfall and possible waterlogging in cities. 'Due to heavy rainfall and waterlogging in certain parts of Mumbai, Pune, Kolkata, and Goa, we anticipate slow moving traffic and congestion on roads leading to the airport. To ensure a seamless travel experience, we request you to plan for additional travel time to reach the airport well in time for your flight. Please check your flight status here: the airline tweeted. view comments First Published: July 15, 2025, 11:48 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
15 hours ago
- Business
- Mint
India's aviation sector poised for long-term takeoff, says Jefferies; bets on IndiGo and GMR Airports
India's aviation sector is on the cusp of a multi-decade growth trajectory, supported by demographic tailwinds, infrastructure development, and rising consumer demand, Jefferies said in its latest report. Despite temporary hurdles such as safety incidents and supply chain constraints, the brokerage believes the broader structural story remains intact, driven by low air travel penetration and an expanding middle class. To play this, Jefferies continues to like IndiGo's domestic leadership plus the unfolding Int'l expansion and GMR Airports, which is a play on aviation growth, travel retail, land monetisation amid expected moderation on leverage. According to Jefferies, India has emerged as the third-largest aviation market globally by passenger volume, behind only the US and China. However, it still accounts for just 4 percent of global air traffic, even though it houses nearly 18 percent of the world's population. Jefferies highlighted that this disparity signals an underpenetrated market with significant headroom for growth. As per recent projections by IATA and Airbus, air traffic in India is expected to triple over the next two decades. Jefferies noted that the country's air connectivity is evolving steadily with the introduction of new routes and increased international services. Aggressive fleet expansion by domestic carriers and airport infrastructure investments will help drive industry-wide high single to low double-digit growth over the long term. While India's passenger volumes have grown significantly, Jefferies pointed out that it still lags far behind China's aviation infrastructure. China, with over 250 airports and more than 4,000 aircraft, services more than 700 million passengers annually, compared to India's 200 million passengers, 850 aircraft, and 150-160 operational airports. Jefferies emphasized that despite China having an extensive high-speed rail network that competes with domestic air travel, it still far outpaces India in aviation, underscoring the immense potential for India to catch up. Jefferies observed that international travel has become a key growth lever for Indian carriers. Post-Covid, Indian airlines have aggressively expanded international routes. Carriers like IndiGo and Air India are deploying wide-body aircraft and increasing their share of overseas operations. Jefferies noted that IndiGo's international capacity has surged to 30 percent of its overall capacity, up from low double-digits a decade ago, and is likely to reach 40 percent by 2030. This internationalisation is also driving airport revenues through higher travel retail spending, particularly at metro airports like Delhi and Mumbai. While the long-term opportunity remains attractive, Jefferies acknowledged that multiple challenges could act as temporary roadblocks. These include: Global aircraft shortages and supply chain disruptions, which could delay new aircraft deliveries to Indian airlines. High taxation on Aviation Turbine Fuel (ATF), which inflates operational costs. Geopolitical issues, particularly related to airspace access, which have led to longer and more expensive flight routes. Weak domestic Maintenance, Repair and Overhaul (MRO) infrastructure, increasing dependence on foreign facilities. Psychological spillovers from recent air safety concerns, which may impact passenger confidence in the short term. Despite these challenges, Jefferies believes these are short- to medium-term issues that will not derail the sector's long-term growth path. Among listed players, Jefferies reiterated its preference for InterGlobe Aviation (IndiGo) and GMR Airports. It sees IndiGo as a value proxy for the broader consumption theme, benefiting from its dominant domestic market share and growing international presence. The brokerage highlighted IndiGo's forward valuation of ~12x FY26/FY27 EV/EBITDA as attractive, especially when paired with mid-teens earnings growth and a robust aircraft delivery pipeline. Meanwhile, Jefferies also sees GMR Airports as a strong long-term play on India's aviation ecosystem. The company is set to benefit from the growth in non-aero revenue streams, upcoming city-side land development projects, and favorable regulatory outcomes, including a recent win on aero tariffs at Delhi International Airport Ltd (DIAL). These developments enhance revenue visibility and cash flow generation for the airport operator, Jefferies noted. In conclusion, Jefferies said India's aviation sector is poised for multi-year expansion, riding on the back of favorable demographics, rising discretionary incomes, and expanding connectivity. While operational challenges remain, the long-term growth fundamentals are solid. Jefferies believes that leading players like IndiGo and GMR Airports offer attractive opportunities for investors looking to ride this secular growth story. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
16 hours ago
- Business
- Time of India
India reports 65 engine shutdowns since 2020, 11 mayday calls in 17 months: DGCA data, ET Infra
Technical failures and emergency calls Advt DGCA directive and international inspections Advt By , ETInfra India has recorded 65 incidents of in-flight engine shutdowns since 2020 and 11 Mayday distress calls over the last 17 months, according to data released by the Directorate General of Civil Aviation (DGCA) through a Right to Information (RTI) query submitted by TOI. The data does not include the crash of Air India's London-bound AI-171 flight in Ahmedabad on June 12 or the recent diversion of an IndiGo domestic Aircraft Accident Investigation Bureau's (AAIB) preliminary report indicates that a fuel cut-off to both engines led to the crash of the Boeing 787-8 Dreamliner operated by Air India. This is part of a wider trend of technical failures across Indian carriers. While most aircraft landed safely, aviation experts have raised concerns about the rising number of incidents, according to a report by The Economic DGCA stated that engine shutdowns occurred during both take-off and mid-air operations. All 65 aircraft involved in these shutdowns landed safely using the remaining engine. Reported causes included fuel-related issues and mechanical C S Randhawa, president of the Federation of Indian Pilots, said, 'Primary causes of engine shutdowns include blocked fuel filters, fuel contamination with water, interrupted fuel supply to engines, and foreign objects entering engine stack, all of which can halt flight operations.'From January 1, 2024 to May 31, 2025, 11 Mayday calls were issued by aircraft flying in Indian airspace, primarily due to technical issues. Four of these flights landed in Hyderabad. The data does not include an IndiGo flight diverted on June 19 that later reported low fuel shortly before landing in Rao, secretary of the Airline Pilots' Association of India, said, 'Flight crew initiate MAYDAY calls when confronted with critical emergencies such as aircraft fires, engine failures or situations posing imminent danger, necessitating immediate landing or grounding as continued flight becomes unsafe.'In the wake of the Air India crash, the DGCA has directed all airlines operating Boeing 787 Dreamliner and specific B737 aircraft to inspect the locking mechanism of fuel control switches. These aircraft are operated by carriers such as Air India Group, IndiGo, and SpiceJet.'It has come to the notice of DGCA, that several operators—internationally as well as domestic—have initiated inspection on their aircraft fleet as per the (17 Dec 2018) SAIB.... all airline operators of the affected aircraft are hereby advised to complete the inspection (by) no later than July 21, 2025,' the DGCA investigation revealed that both fuel control switches were moved to the 'cutoff' position shortly before the crash. Investigators are examining why and how this occurred, with attention on earlier FAA advisories and cockpit switches are located below the thrust levers and include protective mechanisms to prevent unintentional movement. The AAIB report noted that the pilots appeared uncertain about the switch settings at the time of the India confirmed that it had not implemented the FAA's 2018 advisory bulletin, as it was not mandatory. The airline replaced the throttle control module, which houses the fuel switches, twice—once in 2019 and again in the Air India incident , international carriers such as Etihad Airways and Singapore Airlines have begun inspecting their aircraft, despite Boeing and FAA maintaining that the switches are safe.
