Shares of airline majors such as InterGlobe Aviation, Jet Airways and SpiceJet were trading mixed in the morning trade on Wednesday after oil marketing companies hiked jet fuel prices by 9.2 per cent to Rs 46,729.48 in Delhi.
On Tuesday, in response to a case filed by Express Industry Council of India against Jet Airways, InterGlobe Aviation, SpiceJet, Air India and GoAir, CCI imposed huge penalty, but spared the other two. Here is all you wanted
InterGlobe's IPO (Rs 3,008.5 crore) was a tremendous success being oversubscribed 6.63 times and as a result Indigo, the country’s largest airline by market share, is set to remain in the lead in the Indian aviation market.
InterGlobe IPO has been a big success, having managed to garner Rs 3,010 crore and in the process proved legendary investor Warren Buffett wrong, at least about business views on investing in airlines.