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Which has become the first Indian airline to achieve market capitalization of Rs 1 lakh crore?
A)
Vistara
B)
Air India
C)
Spice Jet
D)
Indigo Airline

Correct Answer :   Indigo Airline


InterGlobe Aviation Ltd, which operates budget carrier Indigo, has become India's leading airline to cross ₹1 trillion in market capitalization (Mcap) on June 28, 2023.

The stock hit a 52-week high of ₹2,634.25 on the BSE earlier in the session 28th June 2023, with a market value of ₹1.01 trillion.

Shares of IndiGo settled 3.55 percent higher at ₹2,619.85 apiece on the BSE, compared to the previous close of ₹2,529.95.

The market share of India's largest airline rose 60 per cent, up 390 basis points in May. Its market share stood at 61.3% after rising 70 basis points in April, 90 basis points in March and 130 basis points in February. The low-cost carrier flew 81.10 lakh passengers in May 2023. One basis point is one-hundredth of a percentage point.

IndiGo placed an order for 500 Airbus A320 Family aircraft in the largest order in the history of commercial aviation.

The deal is pegged at $50 billion at list prices and the airline will take delivery of these new aircraft between 2030 and 2035. However, the actual cost of acquisition is expected to be significantly lower as such big deals happen at a substantial discount to list prices.

The current order comprises a mix of A320 neo, A321 neo, and A321 xlr aircraft. "The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft," IndiGo said in a statement..

Source : Mint

Published On : June 30, 2023
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