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IndiGo News -- Part 6
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PostPosted: Thu Oct 14, 2021 11:56 am    Post subject: IndiGo News -- Part 6 Reply with quote

https://www.ch-aviation.com/portal/news/108643-co-founder-drags-indias-indigo-airlines-to-high-court

Co-founder drags India’s IndiGo Airlines to high court

13.10.2021

A festering public spat between IndiGo Airlines (6E, Delhi Int'l) co-founders Rakesh Gangwal and Rahul Bhatia has taken a new turn with Gangwal asking the High Court of Delhi to enforce a London Court of International Arbitration ruling against his former partner and Bhatia’s InterGlobe Enterprises (IGE), the carrier’s parent company, local media reported. However, the high court refused.

The court in London had passed the award in favour of Gangwal on September 23, ordering the removal of Articles of Association (AOA) that restrict the transfer of shares. It also ruled for an extraordinary general meeting (EGM) to be held, requiring the two businessmen to agree on a resolution for the removal of these restrictions.

Armed with this judgement, Gangwal asked the high court to force Bhatia to issue a draft resolution, but one day later, on October 8, the court reminded him that the 90-day period for challenging it was not yet over. Indeed, Bhatia and InterGlobe have decided to challenge the arbitral ruling, the court heard.

“IndiGo was not a party to the dispute but is facing the consequences of the arbitral award. An award cannot be enforced in this fashion,” Bhatia’s counsel told the court.

InterGlobe Aviation has potentially been facing an investigation by the Securities and Exchange Board of India (SEBI) since a split emerged two years ago when Gangwal alleged corporate governance lapses at the company. In February 2020, the IndiGo parent again refuted all such charges after a preliminary SEBI probe suggested they existed.

Despite the ruling in London, sources told the online news site and television channel ET NOW that there was no one decisive winner, as the arbitration tribunal favoured Gangwal over Bhatia in parts but not in others. For example, it found merit in Bhatia’s argument that Gangwal had breached confidentiality clauses in the shareholder agreement and ordered some damages to be paid to Bhatia.

Both entrepreneurs have an almost equal stake in the airline, Bhatia’s lnterGlobe with 38.2% and Gangwal Group holding 36.6%. Foreign institutions hold around 17% of the remainder. Gangwal, who lives in the United States, was reappointed as a director at IndiGo Airlines on August 31, 2021, after a majority of shareholders voted in favour of the move.

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PostPosted: Thu Oct 14, 2021 11:58 am    Post subject: Reply with quote

Indigo has withdrawn another A320, VT-IHZ from the fleet today.
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PostPosted: Thu Oct 14, 2021 11:59 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-ILT.
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PostPosted: Sun Oct 17, 2021 5:12 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIG.
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PostPosted: Fri Oct 22, 2021 7:12 am    Post subject: Reply with quote

Indigo has withdrawn another A320, VT-IGZ from the fleet today.
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PostPosted: Tue Oct 26, 2021 7:11 am    Post subject: Reply with quote

Indigo has withdrawn another A320, VT-IFJ from the fleet today.
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PostPosted: Thu Oct 28, 2021 8:23 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIJ.
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PostPosted: Thu Nov 04, 2021 10:31 am    Post subject: Reply with quote

Indigo has added a new ATR72-600 to the fleet today, as VT-IRD.
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PostPosted: Thu Nov 04, 2021 10:33 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IHR from the fleet today.
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PostPosted: Mon Nov 08, 2021 5:26 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IFX from the fleet today.
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PostPosted: Sun Nov 21, 2021 7:22 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IFY from the fleet today.
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PostPosted: Thu Nov 25, 2021 7:25 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IHX from the fleet today.
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PostPosted: Thu Nov 25, 2021 7:26 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-ILW.
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PostPosted: Wed Dec 01, 2021 5:48 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIL.
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PostPosted: Wed Dec 01, 2021 7:51 pm    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIM.
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PostPosted: Thu Dec 02, 2021 7:36 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-ILY.
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PostPosted: Fri Dec 03, 2021 7:34 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IKI from the fleet today.
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PostPosted: Sun Dec 05, 2021 11:03 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIN.
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PostPosted: Wed Dec 08, 2021 7:48 am    Post subject: Reply with quote

Indigo has added two new A321NEOs to the fleet today, as VT-ILZ & VT-IME.

VT-IME is the 2000th neo aircraft built by Airbus.
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PostPosted: Fri Dec 10, 2021 6:54 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-ILX.
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PostPosted: Sun Dec 12, 2021 4:50 pm    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IKE from the fleet today.
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PostPosted: Wed Dec 15, 2021 6:01 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIP; a new A321NEO, as VT-IMC; and a new ATR72-600 as VT-IRB.
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PostPosted: Mon Dec 20, 2021 8:40 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IAL from the fleet today.
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PostPosted: Tue Dec 28, 2021 7:56 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IHN from the fleet today.
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PostPosted: Tue Jan 04, 2022 9:06 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-IMB.
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PostPosted: Thu Jan 06, 2022 9:18 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IHH from the fleet today.
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PostPosted: Thu Jan 13, 2022 7:19 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IEU from the fleet today.
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PostPosted: Sat Jan 22, 2022 8:29 pm    Post subject: Reply with quote

Indigo has withdrawn two A320s, VT-IGV & VT-IDL from the fleet.
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PostPosted: Sat Jan 22, 2022 8:30 pm    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-IMD.
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PostPosted: Sat Jan 22, 2022 8:30 pm    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIQ.
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PostPosted: Thu Jan 27, 2022 10:16 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIR.
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PostPosted: Mon Jan 31, 2022 8:24 pm    Post subject: Reply with quote

Indigo has withdrawn another A320, VT-IHY from the fleet.
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PostPosted: Mon Feb 14, 2022 6:01 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-IFO from the fleet.
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PostPosted: Mon Feb 14, 2022 6:03 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet, as VT-IMG.
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PostPosted: Sat Feb 19, 2022 5:53 am    Post subject: Reply with quote

Indigo has added a new A320NEO to the fleet today, as VT-IIS.
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PostPosted: Wed Mar 23, 2022 7:25 am    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet, as VT-IMI.
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PostPosted: Sat Mar 26, 2022 6:29 am    Post subject: Reply with quote

Indigo has withdrawn another A320, VT-IEN from the fleet today.
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PostPosted: Tue Apr 05, 2022 12:06 pm    Post subject: Reply with quote

Indigo has added a new A321NEO to the fleet today, as VT-IMH.
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PostPosted: Tue Apr 19, 2022 6:31 pm    Post subject: Reply with quote

https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/qatar-airways-indigo-reactivate-codeshare-partnership/articleshow/90933771.cms?from=mdr


QR and Indigo resume code share ops. Party is about to be over for AI which was enjoying good traffic and yields due to pandemic restrictions.
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PostPosted: Fri Apr 29, 2022 7:29 am    Post subject: Reply with quote

Indigo has withdrawn an A320, VT-INY from the fleet.
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