International News
IndiGo jostles with US-based Delta for most valuable airline tag
New Delhi, April 10: India’s biggest airline, IndiGo, overtook US-based Delta Airlines to become the world’s most valuable airline with a market capitalisation of $23.24 billion for a brief period, according to Bloomberg data.
IndiGo’s share price soared to a peak of Rs 5,265 during the day on Wednesday, taking the airline’s market cap past Delta’s $23.18 billion. The lead was short-lived, and by market close, IndiGo’s valuation slipped to $23.16 billion to end up in the second spot, a wee bit below Delta’s.
On Thursday morning, IndiGo shares were trading at Rs 5149.9 on National Stock Exchange. Shares of IndiGo have gained around 13 per cent so far this year, even as the broader Indian market suffered a slump due to external uncertainties.
IndiGo is currently the market leader in India with a 62 per cent share of the market pie.
IndiGo Airlines has also emerged as the world’s second fastest growing airline in terms of seat capacity, which increased by 10.1 per cent year-on-year to over 134.9 million seats in 2024. India’s largest airline has been ranked next only to Qatar Airways, which clocked a 10.4 per cent growth in seat capacity over the previous year, according to the latest data from Official Airline Guide (OAG).
IndiGo has also been ranked as the fastest-growing airline in the world in terms of flight frequency growth at 9.7 per cent year-on-year in 2024. The airline recorded a flight frequency of 749,156 for the year, the figures show.
OAG has also recorded that IndiGo holds one of the world’s largest aircraft orders, with over 900 aircraft on order, and was the largest recipient of 58 new Airbus aircraft during 2024. However, it also states that the airline does have a large proportion (approx. 80 aircraft) inactive with MRO-related supply chain issues.
While 88 per cent of IndiGo’s capacity is allocated to domestic markets, international growth is a key part of the airline’s strategy, with expansion during 2024 focused on regional Middle East markets and Thailand.
Long-term ambition for IndiGo includes the development of long-haul low-cost services – the airline is apparently considering bringing forward launch plans with wet lease aircraft identified for 2025.
IndiGo reported a net profit of Rs 2,449 crore in the Oct-Dec quarter of the current financial year ending on March 31, 2025. This represented an 18 per cent decline over the corresponding figure for the previous financial year. However, the airline’s revenue from operations increased 14 per cent to Rs 22,111 crore during the quarter.
IndiGo’s total income for the quarter was Rs 22,992.8 crore, which was a 14.6 per cent increase from the same period in the previous year.
The airline’s total expenses for the quarter were Rs 20,465.7 crore, which was a 19.9 per cent increase from the previous year.
The airline’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7 per cent year-on-year to Rs 5,178.6 crore.
IndiGo’s load factor for the quarter stood at 86.9 per cent, which was higher than the 85.8 per cent in the same period in the previous year.
International News
Narrow escape for passengers as airplane’s rear tyre comes off during landing in Nepal airport

Kathmandu, Sep 24: A Sita Air plane met with an incident at Juphal Airport in Dolpa district of western Nepal on Thursday after its right rear tyre came off while landing, a senior police officer said.
“The plane, carrying 16 people, including 13 passengers and three crew members, lost its right rear tyre while landing at around 8:25 a.m.,” said Deputy Superintendent of Police Anil Raj Giri, chief of the District Police Office in Dolpa. “All crew members and passengers are safe.”
According to Giri, the passengers included seven foreign nationals from countries including France, Germany and Belgium, as well as six Nepali nationals.
Following the incident, a video showing the plane’s rear tyre coming off and rolling down a slope circulated on social media.
The plane had earlier taken off from Nepalgunj Airport in southwestern Nepal and was headed for Juphal Airport.
Dolpa is one of Nepal’s remote districts, where air services are vital for several parts of the region. Police said the aircraft remains on the airport’s runway following the incident.
“Necessary decisions will be taken regarding the aircraft once a technical team arrives to investigate its condition,” Giri said.
Nepal has challenging mountainous terrain and has experienced several air accidents in recent years, frequently raising questions about the country’s aviation safety record.
The fatal Saurya Airlines crash in Kathmandu on July 24, 2024, which killed 18 of the 19 people on board, exposed significant weaknesses in aircraft operations, flight preparation, cargo handling and regulatory oversight, raising broader questions about aviation safety standards in Nepal.
The European Union has kept Nepal on its aviation safety list since 2013, restricting Nepali airlines from operating in EU airspace.
Meanwhile, an investigation into the incident is underway.
disaster
US unveils $31 million Nepal flood aid package

Washington, Sep 23: The United States announced plans to provide an additional $31 million for Nepal’s recovery from devastating floods, including funding for permanent bridges, humanitarian assistance and US-made drones.
The announcement came as about 70 Americans remained unaccounted for following the disaster.
Under Secretary of State for Political Affairs Allison Hooker announced the proposed assistance during a meeting with Nepal’s Foreign Minister Shisir Khanal in New York, according to the State Department.
Hooker conveyed US sympathies to those affected by the floods, including the families of Americans whose whereabouts remained unknown.
The largest component of the package is $13 million for US-made drones intended to strengthen Nepal’s ability to respond to future disasters and support recovery operations.
The State Department did not provide details about the type or number of drones under consideration. It also did not identify the US manufacturers that could supply them.
Washington also plans to work with Congress to provide $10 million for permanent, custom-built bridges. The bridges will be sourced from an American company, the department said.
The proposed bridges are intended to restore transport links damaged by the flooding and improve regional connectivity in affected areas. Roads and bridges are particularly important in Nepal, where difficult mountain terrain can leave communities isolated after floods and landslides.
Another $8 million will be directed towards water, sanitation and hygiene services, as well as shelter, protection and livelihood assistance.
Part of that allocation will support winterisation programmes for communities facing colder weather without adequate housing or infrastructure.
The State Department said the new announcement would raise total US assistance for Nepal’s flood response and recovery to more than $36 million.
“The United States will continue to work closely with the Government of Nepal to identify and deliver additional assistance where it is most needed,” the department said.
Tuesday’s meeting took place on the sidelines of high-level diplomatic engagements in New York, where world leaders and senior officials had gathered for the United Nations General Assembly.
The flood disaster has also prompted an effort by US authorities to locate American citizens caught in the affected areas. Earlier reports said some Americans had reached safety, but the new State Department statement said approximately 70 remained unaccounted for.
Crime
Bombay HC warns Vijay Mallya against posting court documents on social media

Mumbai, Sep 22: The Bombay High Court warned “Fugitive Economic Offender” UK-based businessman Vijay Mallya against posting court documents on social media while the money laundering matter being investigated by the Enforcement Directorate (ED) is still being heard, a lawyer said on Tuesday.
Advocate Ashish Mehta said that High Court’s direction to the fugitive businessman, allegedly present in the UK, followed the ED’s objection to Mallya uploading the probe agency’s affidavit on social media platform X even before the court had considered its contents.
Posting the matter for hearing on October 13, the High Court directed the State Bank of India (SBI) to file a fresh affidavit taking into account the disclosures made by the ED.
Earlier, Mallya had told the High Court in February that he was not in a position to specify when he would return to India.
He cited restrictions imposed by courts in England that he said prevented him from leaving the country.
The High Court was hearing two petitions filed by Mallya.
One petition challenges his designation as a “Fugitive Economic Offender” under the Fugitive Economic Offenders Act (FEOA), while the other contests a court order formally declaring him a fugitive.
Senior advocate Amit Desai, appearing for Mallya, had referred to Supreme Court judgments where writ petitions were heard even in the absence of petitioners.
He had submitted that extradition proceedings against Mallya are ongoing in the UK and that his client is aware of them but is unable to leave the English jurisdiction due to binding court orders.
The High Court, however, questioned Mallya’s intent to appear before the court, saying that he appeared to be relying on UK court orders without clarifying whether those orders had been challenged.
The Bench indicated that such reliance could not be treated as a blanket justification.
The court had directed Solicitor General Tushar Mehta to file a response to Mallya’s affidavit.
It also asked Desai to submit a detailed affidavit placing on record all statements made during the hearing so that the Union of India could respond accordingly.
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