IndiGo

Addressing the All India Management Association (AIMA) conference here, he further added that the competition in the market is huge.

Meanwhile, IndiGo, the world's largest customer for A320 family aircraft, is proactively seeking to lease more than 20 older-generation A320ceos to mitigate the potential impact on its grounded fleet. India's largest domestic airline, IndiGo, currently operates a fleet of over 300 aircraft, nearly 50 of which are grounded due to issues with PW engines.

“The primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,” said an airline official.

“This new division's primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,” said an airline official.

An IndiGo pilot scheduled for a flight from Nagpur to Pune lost consciousness and collapsed at the boarding gate on Thursday, said the airline official.

This is in line with his strategy to reduce stake in the company over the coming years. Gangwal's stake post the recent sale stands at 25 per cent.

Within a six-month period this year, the airline had four tail strikes on their A321 aircraft, leading to the regulatory action. Moreover, the DGCA has directed IndiGo to make necessary amendments to their documents and procedures in accordance with DGCA requirements and Original Equipment Manufacturer (OEM) guidelines.

"IndiGo's order for 500 aircraft from a single manufacturer is unparalleled, solidifying its status as a pioneer in the aviation sector. This momentous decision will not only revolutionise the domestic aviation market but will also have a profound impact on our nation's economy," Jyotiraditya M. Scindia said.

The purchase agreement was finalised at the Paris Air Show 2023, with representatives from IndiGo and Airbus present. In a statement on Monday, IndiGo confirmed that the engine selection and the precise mix of A320 and A321 aircraft will be determined in due course.

In an official statement, the DGCA said that the A321-252NX (Neo) aircraft with registration VT-IMG was operating from Kolkata to Delhi when the incident occurred on Sunday. The DGCA statement revealed that the flight proceeded without any issues until the approach for landing in Delhi.