Share prices of Interglobe Aviation, the company that owns Indigo airlines, fell sharply by 7.5 per cent on Monday following the massive disruption in the airline services over the last week and company’s operations and regulatory compliance coming under scrutiny.
The shares of the company were trading at 4,970 at noon and are now down by 15 per cent since its closing of 5,837 on December 1.
Reports of company’s top officials likely to be summoned by the Parliamentary Committee on Transport, Tourism and Culture, have further added to the pressure.
While Indigo services were apparently by Flight Duty Time Limitations (FDTL) norms that were issued in Jan 2024 and originally meant to be implemented by June 1, 2024, the company failed to adhere to it even as the norms came into effe

The Indian Express

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