Indigo to resume domestic flight services from May 25; stock trades in red

Indigo's decision comes after the government's permission to resume flight operations from next week.

May 22, 2020 02:05 IST India Infoline News Service

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Soon domestic airlines will once again take off in the air, and Interglobe Aviation (Indigo) is already prepping up to kick-start business after halting operations for more than 2 months due to Covid-19 pandemic. The Aviation Ministry has decided to allow airliners to commence operations from May 25, 2020, and Indigo will follow the same.

In a notification to exchanges, Indigo said, the company will accordingly be resuming domestic flight operations in a phased manner, following the directions issued by the Government of India through the Ministry of Civil Aviation and the Directorate General of Civil Aviation, from time to time.

Indigo's decision comes after the government's permission to resume flight operations from next week.

On Wednesday, Hardeep Singh Puri, Civil Aviation minister tweeted saying, domestic civil aviation operations will recommence in a calibrated manner from Monday 25th May 2020.

He has asked all airports & air carriers are being informed to be ready for operations from 25th May.

Further, Puri added, standard operating procedure (SOP) for passengers movement is also being separately issued by the Ministry of Civil Aviation.

On Sensex, Indigo stock price is trading in the red. At around 2.32 pm, the Indigo stock is performing at Rs970 per piece down by 0.84%. The stock has touched an intraday high and low of Rs1016 per piece and Rs966.80 per piece respectively.

Post government announcement, Indigo stock rose by nearly 10% on Sensex on Thursday, before ending at Rs978.25 per piece.

By February 2020 end, Indigo holds the largest market share of 47.9% in the industry

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