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Indigo's Revival Bid- Business News


Indigo s Revival Bid
After a brutal year, India s largest airline looks to bounce back, but there could be surprises ahead
On March 25, 2020, all 259 aircraft of India s largest airline by market share, IndiGo, were grounded as the government suspended commercial flights - domestic and international -indefinitely due to rising Covid cases. While Indian aviation has seen numerous ups and downs, the March-May 2020 period was the worst-ever.
As the market leader and the country s largest low-cost carrier (LCC), the scale of damage for IndiGo was bigger than the rest. While revenues stopped coming, fixed costs started eating into profits, and in turn, cash reserves. In April, agencies such as CAPA India predicted a loss of $1.5 billion for IndiGo and SpiceJet over the next six months. The impact was so brutal that some brokerages stopped tracking the sector, and IndiGo in particular. We believe the impact on aviation sector will be severe and the ability to forecast fina ....

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Indigo's Revival Bid- Business News

Indigo's Revival Bid- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Madhya Pradesh , Ad Daw Ah , United Arab Emirates , San Francisco , United States , Andhra Pradesh , Georgia General , Vinamra Longani , Ronojoy Dutta , Rakesh Gangwal , Murari Jalan , Rahul Bhatia , Mark Martin , Jiten Chopra , Abu Dhabi Etihad , Prabhudas Lilladher , Sanjay Kumar , Sarin Co Longani , Air India Express , Air Deccan , Jet Airways , Sarin Co , Singapore Airlines , Air India , Geojit Financial Services , Financial Services ,

GE nears deal with AerCap to create behemoth aircraft lessor


The Straits Times
The deal is expected to have a value of more than $40.4 billion.PHOTO: REUTERS
PublishedMar 8, 2021, 3:35 pm SGT
https://str.sg/Jjib
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