Boeing Co forecast Indian airlines will order up to 2,380 planes from global planemakers over the next 20 years, 80 more than it predicted last year.

Darren Hulst, a senior marketing executive at Boeing, also confirmed to reporters on Wednesday that it was working with regulators on returning the 737 MAX to service and that the company expected the model to return to commission in the fourth quarter in the United States.

India's passenger traffic had risen at around 20 per cent in recent years, making it one of the world's fastest-growing aviation markets, but growth has stumbled this year following the collapse of Jet Airways Ltd in April and softer economic conditions.

At present, Airbus SE has the dominant market share in the country, where the largest airline, Interglobe Aviation Ltd's IndiGo, operates an all-A320 family fleet and last month ordered another 300 of the planes.

Boeing Co forecast Indian airlines will order up to 2,380 planes from global planemakers over the next 20 years, 80 more than it predicted last year. Darren Hulst, a senior marketing executive at Boeing, also confirmed to reporters on Wednesday that it was working with regulators on returning the 737 MAX to service and that the company expected the model to return to commission in the fourth quarter in the United States.

Boeing Co forecast Indian airlines will order up to 2,380 planes from global planemakers over the next 20 years, 80 more than it predicted last year. Darren Hulst, a senior marketing executive at Boeing, also confirmed to reporters on Wednesday that it was working with regulators on returning the 737 MAX to service and that the company expected the model to return to commission in the fourth quarter in the United States. India's passenger traffic had risen at around 20 per cent in recent years, making it one of the world's fastest-growing aviation markets, but growth has stumbled this year following the collapse of Jet Airways Ltd in April and softer economic conditions. At present, Airbus SE has the dominant market share in the country, where the largest airline, Interglobe Aviation Ltd's IndiGo, operates an all-A320 family fleet and last month ordered another 300 of the planes.

India will order 2,380 jets from planemakers over 20 years: Boeing

India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers.

IndiGo said earlier its systems had been down across the network since Monday morning.

"Our system is up now but has disrupted operations across the network," IndiGo said in a Twitter post, adding that it was working to bring operations back to normal.

The outage added to passenger woes as dozens of Indian flights already faced delays or cancellations on Monday, according to reports, due to a decline in visibility because of air pollution shrouding New Delhi, home to the country's busiest airport.

Hassled travellers affected by IndiGo's outage posted pictures on Twitter of long lines at check-in counters at major airports.

"IndiGo says systems down and huge queues till outside the main entrance gates in Mumbai T2. Chaos," one user with the handle @Sathyantweets said in a tweet, referring to Terminal 2 at Mumbai's airport.

IndiGo, owned by Interglobe Aviation Ltd is the country's largest carrier with a nearly 50 per cent&nbsp;share of the domestic market.

Interglobe Aviation's shares had fallen 0.3% by 1505 local time (0935 GMT) in Mumbai, while shares in rival airline SpiceJet Ltd were down 2.4 per cent.

India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers.

India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers. IndiGo said earlier its systems had been down across the network since Monday morning. "Our system is up now but has disrupted operations across the network," IndiGo said in a Twitter post, adding that it was working to bring operations back to normal. The outage added to passenger woes as dozens of Indian flights already faced delays or cancellations on Monday, according to reports, due to a decline in visibility because of air pollution shrouding New Delhi, home to the country's busiest airport. Hassled travellers affected by IndiGo's outage posted pictures on Twitter of long lines at check-in counters at major airports. "IndiGo says systems down and huge queues till outside the main entrance gates in Mumbai T2. Chaos," one user with the handle @Sathyantweets said in a tweet, referring to Terminal 2 at Mumbai's airport. IndiGo, owned by Interglobe Aviation Ltd is the country's largest carrier with a nearly 50 per cent share of the domestic market. Interglobe Aviation's shares had fallen 0.3% by 1505 local time (0935 GMT) in Mumbai, while shares in rival airline SpiceJet Ltd were down 2.4 per cent.

IndiGo says systems back to normal after outage hits flyers

Shares of Interglobe Aviation Ltd, which owns India's largest airline IndiGo, fell as much as 19% on Wednesday after one of its <a href="https://www.wionews.com/business-economy/indigo-co-founder-turns-to-sebi-over-alleged-corporate-governance-violation-234507">co-founders alleged violation of corporate governance rules</a> at the parent group.

Interglobe shares hit their lowest since March and were on course for their worst day since January 2016.

IndiGo co-founder Rakesh Gangwal on Tuesday also asked the country's securities regulator to intervene in the matter, a move that suggests that a previously reported row between Gangwal and fellow co-founder Rahul Bhatia was escalating.

"I have vigorously attempted for almost a year to persuade the company to shore up its governance standards, and all my attempts have been thwarted by the IGE Group," Gangwal said in Tuesday's letter to the Securities and Exchange Board of India (SEBI), referring to Bhatia's affiliate group.

Gangwal and his affiliates own nearly 37%, while Bhatia controls about 38% in Interglobe, giving both a major say in its strategy and plans.

At the centre of Gangwal's complaint are IGE and Bhatia's significant controlling rights over IndiGo, which Gangwal says allows them to carry out "questionable" transactions between IGE and Interglobe.

The controlling rights should not enable transactions that violate the company's code of conduct and are not in its best interests, Gangwal said in a letter to Interglobe's board in May, the company's filing to the BSE Ltd stock exchange showed on Tuesday.

Gangwal's RG Group was misleading shareholders by "putting out false allegations and incomplete and incorrect facts," Bhatia told the board in January, the filing showed. 
The allegations represent a "subterfuge" to force a change of the governing structure and controlling rights at the company, Bhatia had said.

SEBI has sought a reply from Interglobe by July 19 on the matter.

Analysts at Mumbai-based ICICI Securities took note of the quarrel between the founders, but maintained their "buy" rating on Interglobe's stock, noting "strong business fundamentals".

Meanwhile, shares in IndiGo's rival SpiceJet climbed as much as 9% on Wednesday.

A representative for IndiGo did not immediately reply to a request seeking comment. 
&nbsp;

Shares of Interglobe Aviation Ltd, which owns India's largest airline IndiGo, fell as much as 19% on Wednesday after one of its co-founders alleged violation of corporate governance rules at the parent group.

Shares of Interglobe Aviation Ltd, which owns India's largest airline IndiGo, fell as much as 19% on Wednesday after one of its co-founders alleged violation of corporate governance rules at the parent group. Interglobe shares hit their lowest since March and were on course for their worst day since January 2016. IndiGo co-founder Rakesh Gangwal on Tuesday also asked the country's securities regulator to intervene in the matter, a move that suggests that a previously reported row between Gangwal and fellow co-founder Rahul Bhatia was escalating. "I have vigorously attempted for almost a year to persuade the company to shore up its governance standards, and all my attempts have been thwarted by the IGE Group," Gangwal said in Tuesday's letter to the Securities and Exchange Board of India (SEBI), referring to Bhatia's affiliate group. Gangwal and his affiliates own nearly 37%, while Bhatia controls about 38% in Interglobe, giving both a major say in its strategy and plans. At the centre of Gangwal's complaint are IGE and Bhatia's significant controlling rights over IndiGo, which Gangwal says allows them to carry out "questionable" transactions between IGE and Interglobe. The controlling rights should not enable transactions that violate the company's code of conduct and are not in its best interests, Gangwal said in a letter to Interglobe's board in May, the company's filing to the BSE Ltd stock exchange showed on Tuesday. Gangwal's RG Group was misleading shareholders by "putting out false allegations and incomplete and incorrect facts," Bhatia told the board in January, the filing showed. The allegations represent a "subterfuge" to force a change of the governing structure and controlling rights at the company, Bhatia had said. SEBI has sought a reply from Interglobe by July 19 on the matter. Analysts at Mumbai-based ICICI Securities took note of the quarrel between the founders, but maintained their "buy" rating on Interglobe's stock, noting "strong business fundamentals". Meanwhile, shares in IndiGo's rival SpiceJet climbed as much as 9% on Wednesday. A representative for IndiGo did not immediately reply to a request seeking comment.

IndiGo shares slump as co-founder alleges misgovernance

The growth strategy of <a href="https://www.wionews.com/business-economy/dgca-notice-to-indigo-coo-over-pw-engine-conducts-safety-audit-211127">IndiGo</a> remains unchanged and the airline's management has the full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday.&nbsp;

The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal.&nbsp;

InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in the domestic passenger market.&nbsp;

"I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the Board to implement it," Dutta said in the email.

"I am sure you are all aware of the press reports regarding alleged disagreements between our two promoters Rahul Bhatia and Rakesh Gangwal," he added.&nbsp;

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The CEO said the company would continue its focus on creating value for all shareholders, customers, employees and the communities it serves.

As per the media reports, serious differences have cropped up among the two chief promoters over strategies and ambitions for the airline.

In order to resolve the differences amicably so that it does not affect airline's functioning, Gangwal and Bhatia are taking help from law firms J Sagar Associates and Khatian &amp; Co, respectively, as per the media reports.&nbsp;

IndiGo did not respond to the specific queries sent by the PTI regarding this matter.

While Gangwal owns around 37 per cent share in InterGlobe Aviation, Bhatia has around 38 per cent share in the company that is listed on the Bombay Stock Exchange.&nbsp;

The growth strategy of IndiGo remains unchanged and the airline's management has the full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday.

The growth strategy of IndiGo remains unchanged and the airline's management has the full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday. The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal. InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in the domestic passenger market. "I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the Board to implement it," Dutta said in the email. "I am sure you are all aware of the press reports regarding alleged disagreements between our two promoters Rahul Bhatia and Rakesh Gangwal," he added. × The CEO said the company would continue its focus on creating value for all shareholders, customers, employees and the communities it serves. As per the media reports, serious differences have cropped up among the two chief promoters over strategies and ambitions for the airline. In order to resolve the differences amicably so that it does not affect airline's functioning, Gangwal and Bhatia are taking help from law firms J Sagar Associates and Khatian & Co, respectively, as per the media reports. IndiGo did not respond to the specific queries sent by the PTI regarding this matter. While Gangwal owns around 37 per cent share in InterGlobe Aviation, Bhatia has around 38 per cent share in the company that is listed on the Bombay Stock Exchange.

IndiGo management has full backing of board: CEO Ronojoy Dutta after reported disagreement between promoters

According to reports, Rahul Bhatia, Rakesh Gangwal who are promoters of the IndiGo airlines have developed some serious differences. Watch this video to know more.

Spat between IndiGo promoters