Virgin Australia, the second-largest Australian carrier, announced bankruptcy on April 21 in wake of coronavirus pandemic; InterGlobe Enterprises has signed agreement to participate in sale process and is bound by confidentiality requirements, says company

IndiGo Whole Time Director and CEO Ronojoy Dutta said it has not received any communication from Sebi regarding any outcome of any preliminary enquiry by the regulator

Share price of InterGlobe Aviation lost 1.74% to Rs 1,352 compared to the previous close of Rs 1376.70 on BSE

IndiGo has been facing a probe by Sebi ever since a public spat came to light between two founders of the airline, including over certain related party transactions involving one of the warring promoters

InterGlobe Aviation, the parent company of IndiGo, had called an EGM on Wednesday to vote on a proposal to remove articles related to transfer and acquisition of the company's shares

IndiGo Q3 results: As of December 31, 2019, lndiGo's total debt stood at Rs 21,555.3 crore compared to Rs 2,475.9 crore in the year ago period, registering a YoY growth of 770.6 per cent

The Guangzhou call center was started around the same time the low-cost carrier started its flight operations between India and China in September last year

The EGM, which is requisitioned (or called) by Gangwal, has sought to delete some articles pertaining to the transfer of equity shares, acquisition of shares, and other provisions on equity shares

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As per provisions in the Companies Act, 2013, the RG Group, which comprises Rakesh Gangwal, Shobha Gangwal and The Chinkerpoo Family Trust, holds 36.64 per cent stake in InterGlobe Aviation, which empowers them to seeks an EGM

Share Market Update: Domestic indices followed global markets that erased early gains on Friday in wake of sharp spike in crude prices after a US strike eliminated a top Iranian commander.

From shuttering of a 27-year-old airline to repeated grounding of planes to ailing Air India, headwinds blew across the once-fastest growing domestic civil aviation space in 2019 while a spike in regional air connectivity served as a silver lining in relatively cloudy skies

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Bhatia had last month filed a case against co-founder Rakesh Gangwal in a Florida district court, seeking information on the violation of the shareholders' agreement signed between them in April 2015

In a codeshare agreement, Qatar will possibly guarantee a minimum number of passenger traffic (or seats) every week to IndiGo which is doing direct flights from seven domestic airports - Delhi, Mumbai, Hyderabad, Chennai, Kozhikode, Kochi and Kannur - to Doha at the moment

Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as issues among its promoters are yet to be resolved

The agreement will enable Qatar Airways to place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad, the companies said

Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further