Mumbai, April 27 (IANS) Shares of InterGlobe Aviation Limited, the parent of IndiGo, opened flat with negative bias on Monday, as global brokerage UBS downgraded the stock and trimmed its price target, citing rising macroeconomic headwinds and sustained pressure on airline profitability. However, it recovered from early losses and were trading at Rs 4,560.50, down by Rs 37.40 or 0.83 per cent during noon trade.UBS lowered its rating on the stock to “neutral” from “buy” and cut its price …
Latest InterGlobe Aviation Limited News & Updates
New Delhi, April 7 (IANS) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development.Wilson is currently serving his notice period, according to reports.The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered.It is also unclear if the company has found a replacement. The board was scouting since la…
New Delhi, March 31 (IANS) InterGlobe Aviation Limited, the parent company of IndiGo, on Tuesday appointed William Walsh as Chief Executive Officer, subject to regulatory approvals, after Pieter Elbers resigned as the CEO of the low-cost airline earlier this month.Walsh’s tenure at IATA (International Air Transport Association) comes to a close on July 31, 2026, and he is expected to join no later than on August 3, 2026, the airline said in a statement.Walsh (popularly known as Willie) is curr…
Mumbai, March 12 (IANS) Shares of InterGlobe Aviation Limited, the parent company of IndiGo airline, fell sharply on Thursday, after global brokerage firm Citi lowered its price target for the stock.The brokerage cut its target price by about 10.5 per cent to Rs 5,100 per share from the earlier Rs 5,700.Despite the reduction, Citi maintained its “buy” rating on the stock. The revised target still suggests a potential upside of around 17 per cent from the stock’s previous closing price.Acco…
New Delhi, March 10 (IANS) Pieter Elbers has resigned as the CEO of IndiGo, the country’s largest airline operated by InterGlobe Aviation Limited, following the low-cost carrier’s worst-ever flight crisis in December last year, it was informed on Tuesday.In a filing to exchanges, the airline said that Rahul Bhatia, Managing Director of InterGlobe Aviation, has taken charge of the airline’s management on an interim basis.“With immediate effect, Pieter Elbers will be stepping down as IndiG…