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IndiGo has been fined Rs 5 lakh by the Bureau of Civil Aviation Security (BCAS) for violating aviation security protocols, although specific details of the violation remain unclear. The airline is currently reviewing the order issued on November 27 and intends to appeal to the relevant authority. The fine is related to a breach under Rule 51 of the Aircraft (Security) Rules, 2023, but is not expected to significantly impact the company's financials or operations.
IndiGo's shares rose over 1% to Rs 4,295 on November 26, following a record market share of 63.3% in October. The airline announced a codeshare partnership with Japan Airlines, effective December 16, allowing JAL to access 18 domestic destinations within IndiGo's network.
IndiGo and Japan Airlines have launched a codeshare partnership effective December 16, with ticket reservations starting December 4. This collaboration, initiated in June, allows Japan Airlines to enhance its connectivity to India while providing IndiGo passengers with expanded travel options across JAL's domestic and international network.
IndiGo and SpiceJet shares rose by 3% as domestic air traffic surpassed 500,000 passengers in a single day for the first time. Goldman Sachs has maintained a "buy" rating on IndiGo, setting a target price of Rs 4,800 per share, with air traffic growth in October and November at 10% and 11%, respectively. IndiGo"s passenger load factor (PLF) improved to 90%, up from 85.6% last year.
An IndiGo flight from Nagpur to Kolkata made an emergency landing in Raipur on November 14 after a bomb threat, which was later confirmed to be a hoax. The aircraft, carrying 187 passengers and six crew members, landed safely at Swami Vivekananda Airport after a passenger alerted the crew mid-flight. Following the incident, a passenger was detained for questioning.
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