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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Short-haul flights to popular destinations and strategic alliances help India’s largest airline take a surprise lead over Air India in the international market.
Editor's note: Which Indian airline has the largest share of traffic into and out of India? Curiously, both Campbell Wilson, the chief executive officer and managing director of Air India, and Pieter Elbers, the chief executive officer of IndiGo, will be correct if they claim the honour for their airline. Air India and its low-cost unit Air India Express jointly carried 21.2% of the 5.5 million international passengers who flew into India in the first quarter of the current fiscal year. Their share was 20.7% of the outbound international traffic. But when you separate them into individual entities, a new leader emerges: IndiGo. The country’s largest airline had a 15.6% share of the inbound and a 14.6% share of the outbound international traffic over the same three months. The number for Air India was 12.2% for both inbound and outbound traffic. This is a set of numbers that would surprise many in the Indian aviation industry, which has witnessed IndiGo’s overwhelming dominance over the domestic market, where it has a share of 58%. It was generally perceived that Air India—especially after the …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
L’imad Capital’s new idea of outside money, Manchester City’s thorny verdict and other updates from this week.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
