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Daily Archives: July 2, 2015

IndiGo aircraft order MOU expired. What questions investors should ask IndiGo.

IndiGo_A320 classic VT-INT. Photo: Devesh Agarwal.

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 …

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Air France, KLM and Delta offer special fares to the US from India and Dubai

Air France A330-200 Economy class cabin. Photo by Devesh Agarwal.

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 …

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