Flexpoint Ford will make a "significant" investment in Richfield, Ohio-based MobilityWorks, a provider of wheelchair accessible vehicles. Capital Partners invests in Minimizer: Capital Partners has made an investment in Blooming Prairie, Minnesota-based Minimizer, a provider of branded heavy-duty truck aftermarket accessories. No financial terms were disclosed.
Leading Indian airline IndiGo reported its first quarterly loss as a listed company Wednesday as rising oil costs and a weak rupee erode the profitability of India's carriers. Load Error IndiGo, India's largest airline by market share, posted a loss of 6.
That compared with a profit of 5. The figures represent IndiGo's first quarterly loss since it listed on stock exchanges near the end of Indian airlines are facing greater costs due to high fuel prices and a plummeting currency.
The Indian rupee is hovering around 73 against the dollar after starting the year at IndiGo said its total expenses rose India's aviation sector is expected to become the world's third-largest bywith passenger numbers increasing six-fold over the past decade as a growing middle class take advantage of better connectivity and inexpensive flights.
But airlines have to navigate a fiercely competitive market, making it hard for carriers to pass on increased costs to consumers.
In August, India's second-largest airline by market share, Jet Airways, reported a loss of IndiGo is the largest low cost carrier in Indiaand is India's largest carrier by market share as of August As of March it is the only airline in India making timberdesignmag.com Ghosh, a former lawyer, is credited for the growth of the airline since he joined as the President in Coupon/Offer Details: Verified on 19 Nov Now travel to your favorite place in India with IndiGo and get the cheap fares on Domestic flights ticket.
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