InterGlobe Aviation Ltd’s shares hit a new 52-week high on Wednesday before closing the session nearly 5% up. InterGlobe runs IndiGo, India’s largest airline by market share.
Investors seem to be excited about the prospect of market share gains and the resultant boost in airfares after Go First voluntarily filed an application on Tuesday with the National Company Law Tribunal (NCLT) for initiating insolvency resolution process. Go First holds faulty engines supplied by Pratt & Whitney’s International Aero Engines, LLC responsible for this unexpected move. As of 1 May, the airline has grounded about half of its Airbus A320neo fleet. NCLT is expected to hear Go First’s insolvency plea on Thursday.
この記事は Mint Mumbai の May 04, 2023 版に掲載されています。
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この記事は Mint Mumbai の May 04, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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