Home / BUSINESS / IndiGo flies high on awarding pilot training contract to NZICPA

IndiGo flies high on awarding pilot training contract to NZICPA

Interglobe Aviation is currently trading at Rs. 1582.05, up by 23.40 points or 1.50% from its previous closing of Rs. 1558.65 on the BSE.

The scrip opened at Rs. 1560.00 and has touched a high and low of Rs. 1591.50 and Rs. 1560.00 respectively. So far 17135 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1716.00 on 28-May-2019 and a 52 week low of Rs. 697.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1622.00 and Rs. 1544.40 respectively. The current market cap of the company is Rs. 60831.55 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 20.12% and 4.95% respectively.

InterGlobe Aviation (IndiGo) has awarded a pilot training contract to the New Zealand International Commercial Pilot Academy (NZICPA). The contract was given to NZICPA under the airline’s flagship ‘cadet pilot program’.

The first group of students will begin the Wanganui, New Zealand based component of the cadet program in January 2020, where they will live in a campus environment. Prior to moving to New Zealand, the applicants will be shortlisted through an ‘extensive pilot selection process’ in India that will have its final approval.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

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