Interglobe Aviation shares are trading lower, extending losses after the Directorate General of Civil Aviation amended the Civil Aviation Requirement. These amendments compel airlines to reimburse passengers affected by delays, cancellations, and even involuntary down gradation of flying class.
InterGlobe Aviation Limited is a public limited company domiciled in India. The company was incorporated in 2004 as a private limited company in India. Subsequently, the company changed its legal status from a private company to a public company in 2006. The shares were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) in 2015. The company is in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprise of air transportation, which includes passenger and cargo services and providing related allied services including in-flight catering services.
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