News
India’s leading LCC, IndiGo, “exploring all options to increase liquidity”
May 10th 2021
Interglobe Aviation Limited, the parent of India’s biggest LCC, IndiGo, said directors had decided at a board meeting last Friday the company "should continue to explore all options to increase its liquidity", including a qualified institutional placement. Read More » The decision, listed in a regulatory filing to the Bombay Stock Exchange, was prompted by deteriorating market conditions in India as the daily cases of COVID-19 infections continued to accelerate. Industry figures show airline capacity in India has declined 40% since January and that the number of daily departing passengers had fallen 70% compared with February and March.
