India’s largest domestic airline Indigo filed a 557 page draft red herring prospectus (DHRP) which is a preliminary document towards an initial public offering (IPO). For 10% of the company, Indigo is targeting an IPO of approximately $400 million (Rs 2,500 crores), effectively giving the airline a valuation of $4 billion. The funds from the IPO are to be used …

SkyTeam alliance members Air France, KLM and Delta Air Lines are offering special fares from three Indian cities to 20 destinations in the United States and Canada. A special fare on the Dubai Atlanta route is also being offered. A fare of Rs. 60,000 all inclusive is available under this Independence Day sale. Bookings have started and will be open …