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Indigo Soars with $33Bn A320neo Order

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Indigo Soars with $33Bn A320neo Order EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE THE HINDU DELHI WEDNESDAY, OCTOBER 30, 2019 BUSINESS 15 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE market watch Awaiting clarity on AGR, 29-10-2019 % CHANGE Sensex dddddddddddddddddddddd 39,832 ddddddddddddddd1.48 IndiGo soars with $33­bn A320neo order US Dollardddddddddddddddddddd 70.84 ddddddddddddddd0.08 Gold ddddddddddddddddddddddddddd 38,857 ddddddddddddd-1.39 Bharti defers Q2 results Brent oil ddddddddddddddddddddd 61.62 ddddddddddddddd0.16 300­plane order is Airbus’ largest ever with a single airline; to take IndiGo’s A320neo count to 730 ‘Moving DoT to arrive at total amount’ SPECIAL CORRESPONDENT economic growth and mobil­ IndiGo is keen on the MUMBAI ity,” Ronojoy Dutta, CEO, In­ A321XLR, which is the next Special Correspondent matter arising out of recent N IFTY 50 InterGlobe Aviation Ltd., diGo, said in a statement. evolutionary step from the NEW DELHI judgment of Hon’ble Su­ PRICE CHANGE which runs India’s biggest “India is expected to con­ A321LR, and which provides Bharti Airtel has deferred preme Court.” Adani Ports. ............. ..... 398.95. ....... -0.85 airline IndiGo has placed an tinue with its strong aviation more range and payload. the release of its earnings re­ In a communique to the Asian Paints. ............ ... 1814.25. ...... 21.65 order for 300 A320neo fami­ growth and we are well on This aircraft will help IndiGo port for July­September stock exchanges, the com­ Axis Bank . ................ ..... 738.45. ...... 28.35 ly aircraft worth over $33 bil­ our way to build the world’s to fly long haul routes. Bajaj Auto . ............... ... 3180.75. ...... 37.40 2019 quarter till November pany added that it was ap­ Bajaj Finserv. ........... ... 8150.90. .... 149.40 lion (₹2,31,000 crore) in list best air transportation sys­ The aircraft will deliver an 14, as it seeks clarity and go­ proaching the Department Bajaj Finance . .......... ... 4047.25. ...... 68.35 price to support its growth tem to serve more customers extra long range of up to vernment support over the of Telecom to seek “clarity Bharti Airtel . ........... ..... 359.90. .....-13.20 plans. and to deliver on our pro­ 4,700 nautical miles, with dues of about ₹42,000 crore on the total amounts in­ BPCL. ........................ ..... 522.90. ....... -3.90 This marks one of Airbus’ mise of providing low fares 30% lower fuel burn per seat it owes to the exchequer fol­ volved and request for their Britannia Ind . .......... ... 3352.50. ...... 93.40 largest aircraft orders ever and a courteous, hassle­free compared with previous lowing the recent Supreme support to deal with this ad­ Cipla . ........................ ..... 473.05. ...... 12.00 Coal India . ............... ..... 209.75. ........ 6.90 with a single airline operator. experience to them,” he generation competitor jets. Court judgment on calcula­ verse outcome”. Dr Reddys Lab . ........ ... 2802.50. ...... 16.90 This order from IndiGo said. In June this year, IndiGo tion of adjusted gross reve­ “The board of directors, Eicher Motors. ......... 22049.40. .... 725.75 comprises a mix of A320neo, had placed an order to buy nue in favour of the at its meeting held today, GAIL (India). ............ ..... 125.85. ........ 2.20 A321neo and A321XLR air­ Fuel efficient engines worth $20 billion for government. has accepted the manage­ Grasim Ind . .............. ..... 714.75. ...... 11.75 craft. This will take IndiGo’s Extra mile: The aircraft is expected to deliver an additional “The fuel­efficient A320neo its future fleet of aircraft or­ The company’s board of ment’s recommendation HCL Tech. ................. ... 1139.75. ........ 9.25 total number of A320neo fa­ * B.VELANKANNI RAJ family aircraft will allow In­ dered before the current HDFC . ....................... ... 2113.05. ........ 7.70 long range of up to 4,700 nautical miles . directors were to meet on and deferred the agenda HDFC Bank. .............. ... 1242.50. ........ 4.80 mily aircraft orders to 730. diGo to maintain its strong one. Tuesday to approve the au­ item relating to the approval Hero MotoCorp . ...... ... 2701.55. ...... 32.65 The airline did not provide craft, operating alongside chitect of IndiGo’s fleet ac­ focus on lowering operating “This new order is on ex­ dited financial results for of the said financial results Hindalco . ................. ..... 184.30. ........ 2.20 the break­up of the mix and 128 A320ceos. quisition, induction and net­ costs and delivering fuel effi­ pected lines. It will be for the second quarter and half till Thursday, November 14, Hind Unilever . ......... ... 2160.20. ...... 20.45 time of delivery of the air­ work planning. Currently, ciency with high standards both replacement of fleet year ended September 30, 2019,” it added. ICICI Bank . ............... ..... 477.40. ........ 7.85 craft. Gangwal not in picture both founders are locked in a of reliability. The choice of and to meet growth plans. 2019. As a result of the Su­ IndusInd Bank . ........ ... 1315.30. ...... 38.65 Bharti Infratel . ........ ..... 193.15. .....-19.10 Since its first A320neo air­ This is for the first time that feud. engine manufacturer for this Now, IndiGo will focus on in­ However, the manage­ preme Court decision, the Infosys . .................... ..... 650.65. ........ 1.80 craft was delivered to IndiGo the airline has placed its big­ “This order is an impor­ order will be made at a later ternational markets includ­ ment recommended that industry, which is reeling Indian OilCorp. ........ ..... 144.35. ........ 1.65 in March 2016, its fleet of gest ever aircraft order with­ tant milestone as it reiterates date,” said Riyaz Peermo­ ing medium to long haul this agenda be deferred till under a debt of about ₹4 ITC . ........................... ..... 253.25. ........ 2.85 A320neo family aircraft has out the involvement of co­ our mission of strengthening hamed, chief Aircraft Acqui­ [routes],” said Kapil Kaul, November 14, 2019 “on ac­ lakh crore, might need to JSW Steel. ................ ..... 234.25. ...... 14.90 grown into the world’s lar­ founder Rakesh Gangwal, air connectivity in India, sition and Financing Officer CEO South Asia, Centre for count of the fact that more pay about ₹1.42 lakh crore to Kotak Bank . ............. ... 1575.55. .....-17.45 L&T. .......................... ... 1461.10. ...... 26.70 gest with 97 A320neo air­ who, till recently, was the ar­ which will, in turn, boost of IndiGo. Asia Pacific Aviation (CAPA). clarity is needed on the AGR the government. M&M . ....................... ..... 611.80. ...... 20.30 Maruti Suzuki . ......... ... 7721.30. .... 299.20 Nestle India Ltd. .... 14699.75. .. -113.65 NTPC . ....................... ..... 119.90. ........ 1.10 ONGC . ...................... ..... 142.15. ........ 2.30 Slowdown temporary, reforms PowerGrid Corp . ..... ..... 201.05. ....... -1.30 Automobile sales witness Diwali boom Reliance Ind . ........... ... 1467.05. ...... 32.80 State Bank . .............. ..... 280.65. ....... -1.15 Sun Pharma . ............ ..... 421.95. ........ 4.20 will reverse trend: Mukesh Up to 50% jump in PV retail sales in festival season was driven by discounts Tata Motors . ............ ..... 172.45. ...... 24.75 Tata Steel . ............... ..... 390.20. ...... 25.20 S pecial Correspondent the spokesperson said given sales had picked up this fes­ TCS . .......................... ... 2194.85. ...... 79.15 NEW DELHI Tech Mahindra . ....... ..... 754.75. ...... 28.00 ‘Steps taken since August will bear fruit in next few quarters’ the increasing interest of tive season and, compared Titan . ....................... ... 1332.60. ...... 12.70 The festive season has customers, the auto giant with the previous festive sea­ UltraTech Cement. .. ... 4117.70. .....-72.20 PRESS TRUST OF INDIA slight slowdown [in the In­ from 8% recorded a year ear­ brought some relief to auto­ was “cautiously optimistic of son, it expected sales to be UPL. .......................... ..... 594.90. ....... -1.20 RIYADH dian economy]. But my own lier. This is the lowest makers, with passenger veh­ more growth while the offers “marginally positive, thanks Vedanta . .................. ..... 149.50. ........ 4.85 Industrialist Mukesh Amba­ view is that it is temporary,” growth reported since 2013 icle makers witnessing up to last.” to the biggest promotions ev­ Wipro . ...................... ..... 255.20. ........ 1.55 ni on Tuesday said the slow­ he said at the Future Invest­ and has largely been attri­ a 50% jump in retail sales er had.” YES Bank. ................. ....... 58.15. ........ 3.40 Zee Entertainment . ..... 236.60. ....... -1.65 down in the Indian economy ment Initiative (FII) confe­ buted to the slowdown in in­ during the Diwali period — Dhanteras delivery Hyundai Motor India had was temporary and the re­ rence here. vestment that has now broa­ driven mainly by high dis­ Likewise,
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