IndiGo Becomes First Indian Airline to Cross Rs 1 Lakh Crore Market Cap

IndiGo Becomes First Indian Airline to Cross Rs 1 Lakh Crore Market Cap

Daily Current Affairs   /   IndiGo Becomes First Indian Airline to Cross Rs 1 Lakh Crore Market Cap

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Category : Business and economics Published on: July 03 2023

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  • IndiGo operator InterGlobe Aviation’s market capitalisation became the first Indian aviation company to cross Rs 1 trillion mark.
  • The low-cost carrier's shares closed at Rs 2,620 (up 3.5%) on the BSE, taking its market cap to Rs 1 lakh crore.
  • The Rahul Bhatia-founded IndiGo has since 2005 placed orders for 1,330 Airbus A320 planes and is scheduled to receive the remaining 980 of them by 2035.
  • Indigo ranks 10th in terms of market value among the world’s top-10 listed aviation firms. Delta Airlines Inc is the world’s biggest airline by value, with a market cap of $29.62 billion followed by South West Airlines Co and Ryanair Holdings PLC. 
  • United Airlines Holdings PLC ranks at number four, followed by Air China, Singapore Airlines, China Southern Airlines, China Eastern Airlines Co and Deutsche Lufthansa.
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