SpiceJet Eyes $10 Billion-Plus Airbus Deal, Chairman Ajay Singh Reveals
Business | Richard Clough and Anurag Kotoky, Bloomberg | Wednesday September 25, 2019
The discussions with Airbus threaten Boeing with a high-profile defection at a time when the U.S. planemaker is enmeshed in one of the biggest crises in its 103-year history.
In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders
Business | Anurag Kotoky, Bloomberg | Monday August 26, 2019
Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.
Rakesh Gangwal Won't Sell IndiGo Stake In Feud With Rahul Bhatia
Business | Anurag Kotoky, Bloomberg | Tuesday July 16, 2019
"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.
Billionaire Founders Of IndiGo Intensify Feud, Stock Drops 19%
Business | Anurag Kotoky, Bloomberg | Wednesday July 10, 2019
The board of InterGlobe Aviation Ltd., which operates IndiGo, has received a letter dated July 8 from Mr Gangwal, informing the company that he has sought help from the Securities and Exchange Board of India, according a stock exchange filing by the carrier on Tuesday. Sebi has asked the company to respond to the letter by July 19, with which IndiG...
Boon For IndiGo, SpiceJet And Co In Nirmala Sitharaman's Budget
India News | Anurag Kotoky, Bloomberg | Friday July 5, 2019
Prime Minister Narendra Modi's administration plans to make India a hub for financing aircraft purchases and leasing of planes, as the South Asian nation moves to support local carriers, which are among the biggest customers for Airbus SE and Boeing Co.
Government Moves On 114-Fighter Jet Deal, World's Largest; Examines Bids
India News | NC Bipindra, Anurag Kotoky, Bloomberg | Thursday July 4, 2019
India moved a step closer to inviting bids for the purchase of 114 fighter jets, currently the world's largest deal in play, as Prime Minister Narendra Modi seeks to boost the capability of the country's armed forces and replace an aging combat aircraft fleet.
Rain Crisis In Financial Capital Mumbai May Impact Markets: Report
India News | Anurag Kotoky, Bloomberg | Tuesday July 2, 2019
Large parts of Mumbai, home to India's financial markets and the central bank, were inundated because of incessant monsoon rains over the past 24 hours, prompting the city administration to declare a holiday.
Boeing CEO Plots Gradual Comeback for Grounded 737 Max Jets
World News | Julie Johnsson and Anurag Kotoky, Bloomberg | Thursday May 30, 2019
Boeing Co. has begun mapping out the steps to ease its 737 Max back into commercial service once regulators lift a global grounding for the company's best-selling jetliner.
Boeing Tells SpiceJet Grounded Max Jet Will Be Back In Air By July
Business | Anurag Kotoky, Bloomberg | Wednesday May 29, 2019
The domestic carrier, which had taken delivery of 13 Max jets before the model was grounded, still expects to receive as many as 25 more in the current financial year. It has as many as 205 of those aircraft on order, including options.
Business Class On Budget Airline? IndiGo's New Plan For Long Flights
India News | Anurag Kotoky, Bloomberg | Wednesday May 15, 2019
Low-cost airlines, the pioneers of brief discomfort at bargain prices, have struggled to master long-haul flights. Now one of the world's most successful budget carriers is considering cut-price business class seats as a way into the Europe-Asia market.
India Just Posted The Worst Car Sales Data In Eight Years
Business | Anurag Kotoky, Bloomberg | Monday May 13, 2019
Passenger vehicle sales in April fell 17.1 per cent to 247,541 units from a year earlier, data released by the Society of Indian Automobile Manufacturers showed
IndiGo, Which Adds A Plane To Fleet Every Week, Isn't Slowing Down
Business | Anurag Kotoky, Bloomberg | Tuesday May 7, 2019
IndiGo has specialized in buying in bulk, ordering 430 jets in the A320neo family on top of an initial contract for 100 older A320 models. That's made IndiGo one of the biggest buyers of Airbus's best-selling plane. Such large-scale orders help airlines negotiate discounts and better maintenance terms.
Naresh Goyal, Ticketing Agent Who Became Airline Mogul, Resigns
Business | Anurag Kotoky, Bloomberg | Monday March 25, 2019
Jet's board approved resignation of Naresh Goyal, 69, and his wife Anita, the second biggest full-service airline in India said in a filing today.
Tesla "Would Love to Be" In India This Year Or Next, Says Elon Musk
India News | Anurag Kotoky, Bloomberg | Monday March 18, 2019
Elon Musk isn't giving up on bringing Tesla Inc. to India.
Fares Skyrocket in Fastest-Growing Market on Boeing 737 Max Ban
Business | Anurag Kotoky, Bloomberg | Friday March 15, 2019
Average fares on 14 main routes jumped more than 65 per cent on Thursday, compared with a year ago, data from online travel agent Yatra.com showed.
SpiceJet Eyes $10 Billion-Plus Airbus Deal, Chairman Ajay Singh Reveals
Business | Richard Clough and Anurag Kotoky, Bloomberg | Wednesday September 25, 2019
The discussions with Airbus threaten Boeing with a high-profile defection at a time when the U.S. planemaker is enmeshed in one of the biggest crises in its 103-year history.
In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders
Business | Anurag Kotoky, Bloomberg | Monday August 26, 2019
Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.
Rakesh Gangwal Won't Sell IndiGo Stake In Feud With Rahul Bhatia
Business | Anurag Kotoky, Bloomberg | Tuesday July 16, 2019
"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.
Billionaire Founders Of IndiGo Intensify Feud, Stock Drops 19%
Business | Anurag Kotoky, Bloomberg | Wednesday July 10, 2019
The board of InterGlobe Aviation Ltd., which operates IndiGo, has received a letter dated July 8 from Mr Gangwal, informing the company that he has sought help from the Securities and Exchange Board of India, according a stock exchange filing by the carrier on Tuesday. Sebi has asked the company to respond to the letter by July 19, with which IndiG...
Boon For IndiGo, SpiceJet And Co In Nirmala Sitharaman's Budget
India News | Anurag Kotoky, Bloomberg | Friday July 5, 2019
Prime Minister Narendra Modi's administration plans to make India a hub for financing aircraft purchases and leasing of planes, as the South Asian nation moves to support local carriers, which are among the biggest customers for Airbus SE and Boeing Co.
Government Moves On 114-Fighter Jet Deal, World's Largest; Examines Bids
India News | NC Bipindra, Anurag Kotoky, Bloomberg | Thursday July 4, 2019
India moved a step closer to inviting bids for the purchase of 114 fighter jets, currently the world's largest deal in play, as Prime Minister Narendra Modi seeks to boost the capability of the country's armed forces and replace an aging combat aircraft fleet.
Rain Crisis In Financial Capital Mumbai May Impact Markets: Report
India News | Anurag Kotoky, Bloomberg | Tuesday July 2, 2019
Large parts of Mumbai, home to India's financial markets and the central bank, were inundated because of incessant monsoon rains over the past 24 hours, prompting the city administration to declare a holiday.
Boeing CEO Plots Gradual Comeback for Grounded 737 Max Jets
World News | Julie Johnsson and Anurag Kotoky, Bloomberg | Thursday May 30, 2019
Boeing Co. has begun mapping out the steps to ease its 737 Max back into commercial service once regulators lift a global grounding for the company's best-selling jetliner.
Boeing Tells SpiceJet Grounded Max Jet Will Be Back In Air By July
Business | Anurag Kotoky, Bloomberg | Wednesday May 29, 2019
The domestic carrier, which had taken delivery of 13 Max jets before the model was grounded, still expects to receive as many as 25 more in the current financial year. It has as many as 205 of those aircraft on order, including options.
Business Class On Budget Airline? IndiGo's New Plan For Long Flights
India News | Anurag Kotoky, Bloomberg | Wednesday May 15, 2019
Low-cost airlines, the pioneers of brief discomfort at bargain prices, have struggled to master long-haul flights. Now one of the world's most successful budget carriers is considering cut-price business class seats as a way into the Europe-Asia market.
India Just Posted The Worst Car Sales Data In Eight Years
Business | Anurag Kotoky, Bloomberg | Monday May 13, 2019
Passenger vehicle sales in April fell 17.1 per cent to 247,541 units from a year earlier, data released by the Society of Indian Automobile Manufacturers showed
IndiGo, Which Adds A Plane To Fleet Every Week, Isn't Slowing Down
Business | Anurag Kotoky, Bloomberg | Tuesday May 7, 2019
IndiGo has specialized in buying in bulk, ordering 430 jets in the A320neo family on top of an initial contract for 100 older A320 models. That's made IndiGo one of the biggest buyers of Airbus's best-selling plane. Such large-scale orders help airlines negotiate discounts and better maintenance terms.
Naresh Goyal, Ticketing Agent Who Became Airline Mogul, Resigns
Business | Anurag Kotoky, Bloomberg | Monday March 25, 2019
Jet's board approved resignation of Naresh Goyal, 69, and his wife Anita, the second biggest full-service airline in India said in a filing today.
Tesla "Would Love to Be" In India This Year Or Next, Says Elon Musk
India News | Anurag Kotoky, Bloomberg | Monday March 18, 2019
Elon Musk isn't giving up on bringing Tesla Inc. to India.
Fares Skyrocket in Fastest-Growing Market on Boeing 737 Max Ban
Business | Anurag Kotoky, Bloomberg | Friday March 15, 2019
Average fares on 14 main routes jumped more than 65 per cent on Thursday, compared with a year ago, data from online travel agent Yatra.com showed.
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