Aviation
Indigo beats United Airlines & becomes 6th largest airline in the world
![IndiGo Flight Tickets Now Bookable Through WhatsApp](https://jetlinemarvel.net/wp-content/uploads/2023/07/IndiGo_2.jpg)
IndiGo, has achieved the status of the sixth-largest airline globally in terms of market capitalization. With a valuation of $13.80 billion, IndiGo has outpaced United Airlines, whose market capitalization stands at $13.48 billion.
The rise in IndiGo’s market capitalization is attributed to a 1.73 percent increase in InterGlobe Aviation shares, closing at Rs 2,982.50 on the BSE.
This year, the stock has increased by more than 49 percent. It has experienced positive trading for 12 straight sessions and has returned 16 percent since November 28. While United Airlines saw a USD 10-billion erosion in market valuation during the same period, indigo airlines has multiplied threefold since listing.
Positive attention has been drawn to IndiGo’s strategic positioning in the market and its growing market share in Go First’s absence. The airline further enhanced its strong market performance in September indigo flight booking when it surprised analysts by declaring a net profit for the quarter.indigo ticket
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Aviation
Boeing, Antonov to Collaborate on Defense Projects
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– MOU represents Boeing’s commitment to work with Ukrainian industry
– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems
A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.
“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.
Airbus and the Antonov An-225: The Best Partnership:Click here
“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”
The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.
The six largest cargo aircraft ever built in the aviation industry:Click here
“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.
This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”
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