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The show-cause notice sent to Indigo and Mumbai airport over passengers seen having dinner on tarmac has requested for comprehensive responses from both Indigo and Mumbai Airport, failing which enforcement action will be taken

Indigo, Mumbai airport receive show-cause notice after video of passengers eating on tarmac goes viral

<h2>The show-cause notice sent to Indigo and Mumbai airport over passengers seen having dinner on tarmac has requested for comprehensive responses from both Indigo and Mumbai Airport, failing which enforcement action will be taken</h2>

The government has sent a showcause notice to Indigo and Mumbai airport after a video of passengers dining on tarmac went viral. Civil aviation minister Jyotiraditya Scindia also held a meeting with all ministry officials at midnight after the video surfaced.&nbsp;
<h3>Show-Cause Notice</h3>
In the notice the Ministry of Civil Aviation has requested comprehensive responses from both IndiGo and Mumbai Airport by the end of the day. The ministry also pointed out specific lapses in the handling of the situation. For instance, the aircraft was assigned a remote bay (C-33) instead of a Contact Stand, which is suitable for walking passengers to and from an aircraft from an allocated boarding gate, it said in the statement.&nbsp;
"Both Indigo and Mumbai airport were not proactive in anticipating the situation and making the appropriate facilitation arrangements for passengers at the airport," the aviation ministry's statement read.&nbsp;
Also Read: <a href="https://www.editorji.com/business-news/indian-airlines-soar-to-new-heights-record-152-million-passengers-in-2023-1705375978828">Indian airlines soar to new heights, record 152 million passengers in 2023</a>
In case of no response to the notice, enforcement action including financial penalty will be initiated. Meanwhile, Indigo in a press release has mentioned that an internal enquiry to address the issue has been initiated and that the airline will be responding to the show-cause notice.
In a video that went viral, stranded Indigo passengers could be seen having dinner on the tarmac next to the Indigo flight after a flight was delayed and later diverted.&nbsp;

IndiGo is in the news lately and now another video has come to light where passengers of the airline were seen having dinner on the tarmac amid flight delay

IndiGo flight delay ends up giving 'open-air dining' experience to passengers | watch

IndiGo is in the news lately and now another video has come to light where passengers of the airline were seen having dinner on the tarmac amid flight delay

Amid the ongoing flight delays, IndiGo is hitting headlines. Recently, the clip of a co-pilot of an IndiGo flight being assaulted by a passenger went viral and now another video has come to light.&nbsp;
In another viral video, IndiGo passengers were seen having dinner on the tarmac after a flight was delayed for hours and later diverted. Several internet users on X claimed that a Goa to Delhi Indigo flight was delayed for almost 18 hours on January 14 and later diverted to Mumbai.&nbsp;
The viral video shows passengers of the 6E2195 flight taking a rest and having their dinner on the tarmac sitting next to the IndiGo aircraft. As per reports, the flight was scheduled to depart from Goa or Delhi at around 9:15 am on January 14 but it took off in the evening and landed in Mumbai at 5:12 am on January 15.
Soon after this, the airlines shared a post, in which they wrote, "We are aware of the incident involving IndiGo flight 6E2195 from Goa to Delhi on January 14, 2024. The flight was diverted to Mumbai due to low visibility conditions in Delhi. We sincerely apologise to our customers and are currently looking into the incident."
Shiv Sena (UBT) leader Priyanka Chaturvedi also hit at the airlines and said that if the passengers were not charged extra for the unique dining experience.&nbsp;
Also watch: <a href="https://www.editorji.com/india-news/passenger-who-assaulted-pilot-to-be-included-in-no-fly-list-indigo-1705309312665">Passenger who assaulted pilot to be included in 'no-fly list': IndiGo</a>

A video has gone viral on the internet in which a man can be seen hitting a pilot as the latter announced about flight delay

IndiGo passenger hits pilot over flight delay, probe on as video goes viral

A video has gone viral on the internet in which a man can be seen hitting a pilot as the latter announced about flight delay

As the fog is gripping Delhi and nearby areas, flights and trains are witnessing massive delays. Amid this, a video has gone viral on the internet in which a passenger aboard an IndiGo flight at Delhi's Indira Gandhi International Airport hit the pilot.&nbsp;
This incident happened when the pilot was announcing the delay. In the viral video, the cabin crew was heard saying to the man that he could not do this.&nbsp;
As the video went viral, internet users reacted to this by saying, "What does the pilot or cabin crew have to do with the delay? They were just doing their job. Arrest this man, and put him on the no-fly list. Publish his picture so people are aware of his bad temper in public."
Moreover, Indigo has filed a complaint against the passenger. Whereas, Delhi Police said that appropriate legal action will be taken against the accused. This incident has come at a time when there is massive disruption at Delhi airport. More than 110 flights experienced delays and 79 flights were cancelled today.&nbsp;
Also watch: <a href="https://www.editorji.com/india-news/indigo-passenger-shares-picture-of-missing-seat-cushion-on-flight-internet-users-react-1701081318345">Indigo passenger shares picture of missing seat cushion on flight, internet users react</a>

Last week, the airline withdrew the fuel charge that was collected from passengers, a move that will reduce airfares by up to Rs 1,000 on certain long routes

Indigo airlines hikes charges for extra legroom seats; will now cost Rs 1500-2000

<h2>Last week, the airline withdrew the fuel charge that was collected from passengers, a move that will reduce airfares by up to Rs 1,000 on certain long routes</h2>

Looking for extra legroom at IndiGo's front seats? Brace yourself: the airline is hiking prices by up to Rs 2,000 for that coveted comfort on their flights.
As per the fees and charges mentioned for various services on the airline's website, selecting a window or aisle seat in the front row of an A321 aircraft having 232 seats will cost Rs 2,000, while the amount is Rs 1,500 if it is the middle seat.
The charges are the same for these seats in an A321 plane that has 222 seats and in an A320 aircraft having 186 seats. The same tariff is applicable for selecting these seats in an A320 aircraft with 180 seats, according to the airline's website.
In the case of ATR planes, the charge for seat selection is up to Rs 500.
Also read/watch - <a title="Bajaj Auto announces ₹4,000 crore share buyback at 43.14% premium over the current share price" href="https://www.editorji.com/business-news/markets/bajaj-auto-announces-4-000-crore-share-buyback-at-43-14-premium-over-the-current-share-price-1704782147562">Bajaj Auto announces ₹4,000 crore share buyback at 43.14% premium over the current share price</a>
Aviation analyst Ameya Joshi said the airline has increased the seat selection charge for the front row seats with extra legroom to up to Rs 2,000. Earlier, it was up to Rs 1,500, he added.
There was no immediate from IndiGo on hiking the seat selection charge to up to Rs 2,000. Changes in charges for selecting seats in other rows could not be immediately ascertained.
IndiGo withdraws fuel charge
Last week, the airline withdrew the fuel charge that was collected from passengers, a move that will reduce airfares by up to Rs 1,000 on certain long routes.
In the wake of a spike in jet fuel prices, the airline started levying the fuel charge on each domestic and international ticket from October 6, 2023. The quantum of the fuel charge varied from Rs 300 to up to Rs 1,000, depending on the distance.&nbsp;

Indigo said in a statement that they will assist with the police investigation. 

Indigo passenger booked for alleged sexual harassment on flight

Indigo said in a statement that they will assist with the police investigation.&nbsp;

A passenger travelling on budget carrier IndiGo's flight to Guwahati from Mumbai was handed over to the police on arrival for allegedly sexually harassing a passenger onboard, the airline said on Monday.
The complainant has filed an FIR with the local police and the airline will provide assistance in investigation when required, IndiGo said in a statement.
The airline, however, did not share any specific details about the incident.
"A passenger travelling on (IndiGo flight) 6E- 5319 between Mumbai- Guwahati was handed over to the Guwahati police on arrival, after receiving a complaint from another passenger for alleged sexual harassment,&rdquo; the airline said.
An FIR has been filed by the complainant with the local police and &ldquo;we will provide assistance in their investigation, where required,&rdquo; IndiGo added in the statement.
Also Watch: <a href="https://www.editorji.com/india-news/firecracker-ban-reimposed-in-delhi-to-curb-winter-pollution-1694426131475">Firecracker ban reimposed in Delhi to curb winter pollution</a>

A query sent to IndiGo seeking comments on the incident remained unanswered.

Air passenger booked for opening emergency exit door during take off 

The passenger was in seat 18A which was close to the emergency exit door. After the incident, the cover of the emergency exit was immediately restored

A 40-year-old air passenger Furoqon Hussain, who was on an IndiGo flight from Hyderabad to the national capital on July 8, allegedly opened the cover of the emergency exit door of the aircraft during take-off, according to Delhi airport sources.
The incident happened on flight 6E 5605 and the individual was handed over to the security personnel after landing at the Delhi airport. An FIR has been filed against the individual.
The unruly behaviour of the flyer caused panic among other passengers, crew, and the pilot-in-command, the sources said.
The passenger was in seat 18A which was close to the emergency exit door. After the incident, the cover of the emergency exit was immediately restored, and the passenger was relocated to another seat in the aircraft, they added.
A query sent to IndiGo seeking comments on the incident remained unanswered.
Also Watch: <a href="https://www.editorji.com/india-news/ajit-pawar-visits-uncle-sharad-first-meeting-after-ncp-split-1689389159229">Ajit Pawar visits uncle Sharad, first meeting after NCP split</a>

An IndiGo Airlines flight from Amritsar to Ahmedabad encountered challenging weather conditions, causing it to temporarily veer off course and enter Pakistani airspace near Lahore, according to a media report on Sunday, June 11.

IndiGo's Amritsar-Ahmedabad flight entered Pakistan airspace temporarily due to bad weather: report

An IndiGo Airlines flight from Amritsar to Ahmedabad encountered challenging weather conditions, causing it to temporarily veer off course and enter Pakistani airspace near Lahore, according to a media report on Sunday, June 11.

An IndiGo flight from Amritsar to Ahmedabad strayed into Pakistani airspace for approximately half an hour on Saturday.
According to a report by the Pakistani newspaper Dawn, the incident took place at around 7:30 pm due to bad weather conditions with the plane going up to Gujranwala, close to Lahore before eventually returning to India at 8:01 pm.
There has been no immediate comment from the airline on the incident.
A senior official of the Civil Aviation Authority, Pakistan said that it was not unusual as it was 'internationally allowed' in bad weather conditions, the report added.

In an effort to expand its network IndiGoi set to begin direct flights to six new locations in Africa and Central Asia. IndiGo will connect a total of 32 overseas locations once the new routes become operational 

 IndiGo's foreign expansion plan to come in action, direct flights to Africa and Central Asia 

In an effort to expand its network IndiGoi set to begin direct flights to six new locations in Africa and Central Asia. IndiGo will connect a total of 32 overseas locations once the new routes become operational&nbsp;

IndiGo is set to start direct flight service to six new destinations in Africa and Central Asia. The airline is looking to expand its international fleet as part of its massive expansion plan.&nbsp;
IndiGo will connect Nairobi, Kenya and Jakarta, Indonesia, with direct flights from Mumbai in late July or early August, and Delhi will get connected in August to Tbilisi, Georgia &amp; Baku, Azerbaijan, and in September to Tashkent, Uzbekistan, and Almaty, Kazakhstan, the company said in a release.
Once the additional routes start, IndiGo will connect a total of 32 overseas locations, an increase from the current 26.
In August, IndiGo would also restore daily service from Delhi to Hong Kong, which had been halted three years prior owing to COVID-19.
These new flights will open up new possibilities for both business and holiday travellers seeking seamless connectivity.
IndiGo has a market share of more than 57% and has a fleet of over 300 planes as it operates 1,800 flights every day.&nbsp;
&nbsp;

According to a statement issued by IndiGo, the incident took place in flight number 6E 308 from IGI Airport at around 7:56 AM on Friday.

'Drunk' passenger booked for allegedly trying to open Indigo flight's emergency exit

A 40-year-old passenger has been booked for allegedly trying to open the emergency door of a Delhi-Bengaluru IndiGo flight on April 7. 

According to a statement issued by IndiGo, the incident took place on flight number 6E 308 from IGI Airport at around 7:56 AM on Friday.

A 40-year-old passenger has been booked for allegedly trying to open the emergency door of a Delhi-Bengaluru IndiGo flight.&nbsp;
According to a statement issued by IndiGo, the incident took place in flight number 6E 308 from IGI Airport at around 7:56 AM on Friday.
'A passenger travelling on flight 6E 308 from Delhi to Bengaluru tried opening the flap of the emergency exit in an inebriated state,' Indigo said in the statement detailing the incident.&nbsp;
"On noticing this violation, the crew on board alerted the captain and the passenger was appropriately cautioned. There was no compromise on the safe operation of the said flight," the airlines said.
The passenger was handed over to CISF when the flight landed in Bengaluru
Also Watch: <a href="https://www.editorji.com/india-news/drunk-ticket-checker-urinated-on-woman-s-head-in-train-from-amritsar-to-kolkata-arrested-cops-1678787546635">Drunk ticket checker urinated on woman's head in train from Amritsar to Kolkata, arrested: cops</a>

Flight tickets set to be cheaper as the new price cap norms gives debt ridden airlines room for promotion to increase sale volumes in festive season.&nbsp;The govt has decided to tweak the price cap formula, letting airlines set fares for travel beyond 15 days instead of 30 currently. As per The Mint this will encourage forward planning by travellers and enable airlines to run cheaper fares to encourage travel in the upcoming festive season.&nbsp;Centre has also given the nod for&nbsp;allowing domestic carriers to operate at 85% of their pre-covid capacity however passenger count in early September was only about 60% of pre-covid level.&nbsp;

Flight tickets to get cheaper! Govt tweaks price cap formula

Flight tickets to get cheaper! Govt tweaks price cap formula for airlines

Flight tickets to get cheaper! 

Govt allows airlines to set fares for travel beyond 15 days instead of 30 currently.&nbsp;

Flight tickets set to be cheaper as the new price cap norms gives debt ridden airlines room for promotion to increase sale volumes in festive season.&nbsp; The govt has decided to tweak the price cap formula, letting airlines set fares for travel beyond 15 days instead of 30 currently. As per The Mint this will encourage forward planning by travellers and enable airlines to run cheaper fares to encourage travel in the upcoming festive season.&nbsp; Centre has also given the nod for&nbsp;allowing domestic carriers to operate at 85% of their pre-covid capacity however passenger count in early September was only about 60% of pre-covid level.&nbsp;

Another high-level hiring by the planned airline of ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;as he hires former head of treasury and investor relations at Indigo Ankur&nbsp;Goel&nbsp;as its Chief Financial Officer.
Also read:&nbsp;Rakesh Jhunjhunwala buys stake in this PSU bank
The airline firm&nbsp;Akasa&nbsp;had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircrafts.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Rakesh Jhunjhunwala's airline Akasa hires another former Indigo executive

Rakesh Jhunjhunwala-backed airline Akasa&nbsp;has hired another former executive of Indigo as its CFO.&nbsp;

Rakesh Jhunjhunwala airline hires CFO

Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Another Indigo executive comes on- board&nbsp;Rakesh&nbsp;Jhunjhunwala's&nbsp;planned airline Akasa.
Also read:&nbsp;<a href="https://www.editorji.com/story/rakesh-jhunjhunwala-buys-stake-in-this-psu-bank-1629868875478" target="_blank">Rakesh Jhunjhunwala buys stake in this PSU bank</a>
Ankur&nbsp;Goel, former head of treasury and investor relations at Indigo airlines joins Akasa&nbsp;as its Chief Financial&nbsp;Officer. The airline had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircraft.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

IndiGo&nbsp;has been barred from operating flights to United Arab Emirates (UAE) for a week till August 24.
Reports quoting sources said that the domestic airline had&nbsp;allowed passengers who did not undergo a rapid-PCR&nbsp;Covid&nbsp;test at the time of departure.
IndiGo, in its statement, said all flights to UAE&nbsp;were cancelled due to operational issues.
UAE&nbsp;eased entry restrictions but&nbsp;passengers are required to undergo a RT-PCR test 48 hours before departure and another rapid-PCR test at the airport a few hours before the flight.&nbsp;

UAE bars IndiGo for not complying with Covid-induced travel rules

IndiGo&nbsp;has been barred from operating flights to United Arab Emirates (UAE) for a week till August 24, know why

IndiGo hit turbulence as the airline&nbsp;has now been barred from operating flights to United Arab Emirates (UAE) for a week till August 24.
Reports quoting sources said that the domestic airline had&nbsp;allowed passengers who did not undergo a rapid-PCR&nbsp;Covid&nbsp;test at the time of departure.
IndiGo, in its statement, said all flights to UAE&nbsp;were cancelled due to operational issues.
UAE&nbsp;has&nbsp;eased entry restrictions but&nbsp;passengers are required to undergo a RT-PCR test 48 hours before departure and another rapid-PCR test at the airport a few hours before the flight.&nbsp;

Indigo had&nbsp;allowed passengers who did not undergo a rapid-PCR&nbsp;Covid&nbsp;test at the time of departure.

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

Veteran Aditya Ghosh joins Rakesh Jhunjhunwala's new airline business

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of Akasa

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways.'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company.&nbsp;

Akasa Air Spotted! Why Rakesh Jhunjhunwala is betting on this new airline

Jet Airways stock has halved in the last 2 weeks as a new airline looks to grab the runaway and has the big bull backing it!&nbsp;

New Airline in the offing

<ul>
<li>New airline Akasa&nbsp;likely to be launched by erstwhile Jet Management&nbsp;</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest in Akasa&nbsp;</li>
<li>Akasa&nbsp;Air is awaiting NOC&nbsp;from Aviation Ministry</li>
<li>Akasa&nbsp;aims to be a ultra-low cost airline</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest Rs 260 cr in Akasa&nbsp;Air</li>
</ul>

Reports indicate that carrier that has been named "Akasa" is looking to be an Ultra Low Cost Carrier&nbsp;&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways. 'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company. &nbsp;Read/Watch Also: <a href="https://www.edtr.ai/9tqp">Jet Set and Nowhere to Go</a>

Indigo has launched a special discount for passengers who have been vaccinated in a bid to boost air traffic while supporting the vaccine drive.
"The customers who have been administered either one or both the Covid-19 vaccine doses, can avail a discount of up to 10 per cent per cent on the base fare while booking." stated IndigoIndiGo's discount offer comes just as the after the central government began the 'Free Vaccination For All campaign' for every citizen from June 21.&nbsp;

Indigo offers discount to vaccinated passengers to support 'vaccine for all' campaign 

10% off if you are vaccinated says Indigo to passengers in a bid to boost the vaccination drive.&nbsp; tag health minister ministry and indigo please&nbsp;

Indigo offers discount to vaccinated passengers 

Indigo has launched a special discount for passengers who have been vaccinated in a bid to boost air traffic while supporting the vaccine drive.
"The customers who have been administered either one or both the Covid-19 vaccine doses, can avail a discount of up to 10 per cent per cent on the base fare while booking." stated Indigo IndiGo's discount offer comes just as the after the central government began the 'Free Vaccination For All campaign' for every citizen from June 21.&nbsp;

Subdued global indicators for trade but midcap&nbsp;action galore with index scaling new highs. Here are 5 stocks brokerages and traders are keeping a close watch on-:

Hospital Stocks, Apollo, Fortis, Max in focus they are likely to get hit with the Govt announcing a Rs 150 cap as service charge on procurement price of vaccines.&nbsp;
Shriram Transport: Fund raising plans of Rs 2500 cr, Morgan Stanley remains bullish on the stock with an Overweigh&nbsp;rating and a target of Rs 2000/sjare
PNB: CLSA&nbsp;upgrades&nbsp;stock to Outperform from Undeperform, price target more than doubled from Rs 22/share to Rs 47/share. Brokerage bets that worst for the credit cycle is over.&nbsp;
Indigo: Likely to hit some turbulence with Citi cutting the price target to Rs 1330/share, maintaining a Sell rating as cash crunch continues.&nbsp;CEO Rono Dutta tells investors that February like traffic only expected by December quarter
JK Tyres: Company stating it will be not adding capacity but instead sweating out existing assets to meet raised demand


5 stocks that brokerages and traders are betting on

Stock Ideas: 5 stocks that&nbsp;brokerages and traders are betting on

Subdued global indicators for trade but midcap&nbsp;action galore with index scaling new highs. Here are 5 stocks brokerages and traders are keeping a close watch on-:
<ol>
<li>Hospital Stocks, Apollo, Fortis, Max in focus they are likely to get hit with the Govt announcing a Rs 150 cap as service charge on procurement price of vaccines.&nbsp;</li>
<li>Shriram Transport: Fundraising plans of Rs 2500 cr, Morgan Stanley remains bullish on the stock with an Overweight&nbsp;rating and a target of Rs 2000/share</li>
<li>PNB: CLSA&nbsp;upgrades&nbsp;stock to Outperform from Underperform, price target more than doubled from Rs 22/share to Rs 47/share. Brokerage bets that worst for the credit cycle is over.&nbsp;</li>
<li>Indigo: Likely to hit some turbulence with Citi cutting the price target to Rs 1330/share, maintaining a Sell rating as cash crunch continues.&nbsp;CEO Rono Dutta tells investors that February-like traffic only expected by the December quarter.</li>
<li>JK Tyres: Company stating it will be not adding capacity but instead sweating out existing assets to meet raised demand</li>
</ol>

Losses by by airlines in 2022 will match the hit taken last year as per&nbsp;aviation consultancy and research firm CAPA. The airlines are expected to report losses over $4 billion in FY'22, which would take the total ove&nbsp;2 years of the pandemic to a whopping $8 billion.&nbsp;CAPA expects airlines to ferry 80-95 million domestic passengers this year which is higher than the 52.5 million in the previous financial year. These estimates however do not account for a potential third wave.&nbsp;Airlines are already reworking the math on cost with India's only profitable airline Indigo imposing leave without pay for all employees for&nbsp;1-4 days a month. Fuel prices are also adding to the headache as crude prices continue to soar and aviation fuel is up over 7% in just the last month.&nbsp;

$8,000,000,000 pandemic hit for airlines

$8,000,000,000 pandemic hit for airlines, falling traffic rising fuel costs hits balance sheets.

<ul>
<li>Airlines likely to post losses of $8 billion over 2 years: CAPA</li>
<li>Airlines likely to see loss of $4 billion in FY'22</li>
<li>Domestic air traffic unlikely to recover to pre-covid&nbsp;numbers</li>
<li>Airlines look to cut cost, Indigo imposes leave without pay&nbsp;</li>
<li>Jet fuel prices rise sharply, up over 7% in one month</li>
</ul>

Losses faced by airlines in 2022 will match the hit taken last year as per&nbsp;aviation consultancy and research firm CAPA. The airlines are expected to report losses over $4 billion in FY'22, which would take losses over&nbsp;2 years of the pandemic to a whopping $8 billion.&nbsp; CAPA expects airlines to ferry 80-95 million domestic passengers this year which is higher than the 52.5 million in the previous financial year. These estimates however do not account for a potential third wave.&nbsp; Airlines are already reworking the math on cost with India's only profitable airline Indigo imposing leave without pay for all employees for&nbsp;1-4 days a month. Fuel prices are also adding to the headache as crude prices continue to soar and aviation fuel is up over 7% in just the last month.&nbsp;

India's only profitable airline, Indigo is feeling the hit of the second wave as it imposes leave without pay for pilots and other employees to cut on costs.&nbsp;In a letter to it's employees Indigo wrote "The second wave has been difficult for all of us and has also resulted in reduction of passenger loads.&nbsp;All pilots would undertake 3 days of LWP for the next 3 months effective 1st June 2021." It is not just pilots the airline has also stated that all employees will face&nbsp;1.5 to 4 days of leave without pay due to reduced capacity.&nbsp;The average passenger load factor has been falling for 9 straight weeks due to restrictions and rising case loads across the nations. As per data available domestic carriers have been on average ferrying less than 50,000 passengers daily vs average of 2.8 lakh passengers flown daily in February before the second wave hit. Adding to that jet fuel prices are also up 6.7% for the month piling up costs for airlines.&nbsp;

Indigo hits turbulence, imposes leave without pay as traffic shrinks

Indigo hits turbulence, imposes leave without pay as traffic shrinks to 20% of February levels

Aviation get hit

<ul>
<li>Indigo imposes leave without pay for employees</li>
<li>Indigo: Second wave has been difficult for us&nbsp;</li>
<li>Indigo pilots to undertake 3 days of leave without pay</li>
<li>Indigo employees face 1.5 to 4 days of leave without pay</li>
<li>Daily passenger loads for airlines down to 50,000 vs 2.8 lk in Feb</li>
<li>Jet fuel prices up 6.7% in the last one month&nbsp;</li>
</ul>

India's only profitable airline, Indigo is feeling the hit of the second wave as it imposes leave without pay for pilots and other employees to cut on costs.&nbsp; In a letter to it's employees Indigo wrote "The second wave has been difficult for all of us and has also resulted in reduction of passenger loads.&nbsp;All pilots would undertake 3 days of LWP for the next 3 months effective 1st June 2021." It is not just pilots the airline has also stated that all employees will face&nbsp;1.5 to 4 days of leave without pay due to reduced capacity.&nbsp; The average passenger load factor has been falling for 9 straight weeks due to restrictions and rising case loads across the nations. As per data available domestic carriers have been on average ferrying less than 50,000 passengers daily vs average of 2.8 lakh passengers flown daily in February before the second wave hit. Adding to that jet fuel prices are also up 6.7% for the month piling up costs for airlines.&nbsp;

Woman delivers baby on board Indigo flight from Delhi to Bengaluru

A woman passenger delivered a baby boy on board an IndiGo flight that was travelling from Delhi to Bengaluru. On Wednesday evening, at around 7.40 pm, the baby was delivered prematurely on flight 6E 122. The airlines confirmed that both the baby and the mother are healthy.

Followed protocols: IndiGo to DGCA on media mayhem in Kangana's flight

The&nbsp;Directorate General of Civil Aviation has sought a reply from IndiGo airlines on actor&nbsp;Kangana Ranaut's flight from Chandigarh to Mumbai&nbsp;that witnessed&nbsp;media mayhem &amp; journalists flouting safety &amp; social distancing protocols.
According to reports, Aviation regulatory body decided to take action&nbsp;after videos showing media persons creating chaos&nbsp;in the IndiGo flight went viral.
Reportedly chaos was created&nbsp;as BMC&nbsp;started demolishing Kangana's Mumbai office while she was on her way.
&nbsp;

DGCA seeks IndiGo's reply on media chaos on Kangana's flight

Media mayhem in Kangana's&nbsp;flight
Journalists flout protocols to get Kangana's&nbsp;reaction on BMC
DGCA&nbsp;questions IndiGo on violation of safety protocol
IndiGo to DGCA:&nbsp;requisite protocols were followed
&nbsp;
&nbsp;

IndiGo&nbsp;has issued a statement after the Directorate General of Civil Aviation sought a response from the airlines on reports that suggested&nbsp;there was media mayhem in&nbsp;actor Kangana Ranaut's flight from Chandigarh to Mumbai&nbsp;with&nbsp;journalists flouting safety and social distancing protocols.&nbsp;
Reiterating that&nbsp;protocols were followed IndiGo&nbsp;said the&nbsp;cabin crew as well as the captain made announcements to restrict photography, follow social distancing, and maintain overall safety protocols time and again.
The airline also added that they have documented this matter in their post-flight report.
Reportedly aviation regulatory body decided to take action after videos showing media persons creating chaos in the IndiGo flight in order to get a reaction from Kangana after footage of&nbsp;BMC demolishing her Mumbai office went viral

indigo

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