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Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet The decision relating to shifting a part of the airline’s operation to IGI terminal 2 in Delhi International Airport Ltd (DIAL’s) decision was challenged by Indigo airlines, which has the biggest market share in Delhi high court. However, as a temporary measure, the Delhi high court on Tuesday cleared all the decks for (DIAL) to shift a part of operations of a few airlines to the newly unveiled Terminal 2 from terminal 1 at Indira Gandhi airport. Hema Kohli and Rekha Palli dismissed the appeal by the Indigo against the shifting of its partial operations by DIAL, which is a policy decision with the sanction of Directorate General of Civil Aviation (DGCA). Partial Shifting of Operations Indira Gandhi International airport sees a partial shift of operations from Terminal-1 (T-1) to Terminal-2 (T-2) by Indigo and SpiceJet. The shift of operat...

The model is considered to be a basic fundamental behind the company's success story LATEST NEWS :   A combination of factors ranging from a new accounting standard to lack of good value proposition for the A320 neo aircraft in the lessor market might have forced IndiGo to reconsider the sale-and-leaseback model — one of the basic fundamentals that contributed to the airline’s success story. With 118 of its 131 aircraft on operating lease, IndiGo has been the most active user of sale-and-leaseback financing under which a lessor will purchase the aircraft from the airline and lease it back. This removes the debt from the airline’s balance sheet and allows it invest its equity for some other purpose. Even though the company doesn’t agree to this, revenue from such transactions has helped to boost its profit. Industry sources say that the company makes a profit of $4-5 million per aircraft for each transaction. For the fourth quarter of FY17, 24 per cent of its tot...

The Cabinet on Wednesday gave approval to privatise debt-laden Air India Latest news : IndiGo airlines , owned by InterGlobe Aviation , has expressed an unsolicited interest in buying a stake in state-owned carrier Air India, television channel CNBC-TV18 reported on Thursday quoting the aviation ministry. The Cabinet on Wednesday gave approval to privatise debt-laden Air India, the first step of a process that could see the government offload an airline struggling to turn a profit in the face of growing competition from low-cost rivals. Also read : Mired by ownership battle, McDonald's shuts 80% Delhi outlets as hygiene take toll

It comes in four variants in the price range of Rs 4.7 lakh to Rs 6.19 lakh Upping the ante in the crowded compact sedan category,  Tata Motors  on Wednesday launched Tata Tigor , its third product in the tax-efficient sub-four metre sedan segment. The biggest selling point for Tigor is its aggressive pricing. At Rs 4.7 lakh for the base petrol variant, Tigor is now the cheapest compact sedan in the country and even undercuts Tata’s existing models. For example, the largest-selling car in the segment - Swift Dzire - starts at Rs 5.27 lakh, while the base petrol version of Indigo CS, from the Tata stable, is priced at Rs 5.03 lakh. Besides Indigo CS, Tata Motors also sells the Zest in the segment, but has not been able to break the dominance of Maruti Suzuki’s Swift Dzire in the category. The compact sedan and hatchback category, accounted for over 40% of car sales in January 2017, at over 114,000 units. Maruti accounted for 56,000 cars in the category, with Swift D...