Bankers to IndiGo IPO are Citigroup Global Markets India, JPMorgan India, Morgan Stanley, Barclays Bank, Kotak Mahindra & UBS Securities India.
Analysts and investment advisors have been harshly critical about the move, especially since it left India’s most profitable airline with a negative net worth.
Tata-SIA joint venture Vistara today said it has tied up with Japan Airlines (JAL), which would allow a passenger to purchase a ticket in Japan or India for combined itineraries.
Malaysia Airlines is offering business class fares starting Rs 45,000 to destinations such as Kuala Lumpur, Phuket, Bangkok and Bali from Mumbai.
A majority of India’s new airlines are delaying salaries, putting off aircraft induction, grounding planes and cancelling flights.
Chennai-based Premier Airways is waiting for an air operator’s permit and hasn’t paid salaries for the past three months, said four people, including ex-employees.
There will be a similar 32-room Niranta property set up adjacent to T2 by the end of this year, an executive at the hotel separately told ET.
IndiGo operates 648 flights a day with a fleet of 97 planes. The airline has filed its pre-IPO prospectus, which it aims to see later this year.
These companies are putting in place several stages and kinds of screening, implementing modern training modules that are often outsourced.
Amit Agarwal will likely join Jet Airways in the last week of September, subject to his appointment being approved by the ministry of civil aviation.
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