Author: Raoji

Links

Linkfest:12 Feb, 2018

Some stuff I am reading today morning:

Foreign investors face tax hits, forex risks (ET)

Global volatility may drag India this week too (BS)

Regime Change: Now it’s Sell the Rallies,Not buy the Dips (Zero Hedge)

Aster DM Healthcare IPO opens today (Quint)

How N Chandra has recast the top deck of the Tata group (ET)

Indian bankers set to rewrite corporate history (Mint)

Indigo in trouble (FE)

SEBI can now go after even ‘small schemers’ (BL)

Interview with Bhavesh Premji (MC)

When bad operating metrics are a good thing (Amit)

Tags linkfest

Raoji's Corner

Engine Fail at Indigo

Today morning, Indigo sent out a remarkable release to the exchanges:

What is interesting is that on 24 Jan, 2018, the management said the following in it’s earnings transcripts call:

Basically, “All is Well”…nothing to worry.

But as this expose by Times Now shows :

At least 23 aircraft of Indigo Airlines had 69 engine failures over a span of 18 months between March 2016 and September 2017. A mega investigation by Times Now has revealed that the airline suffered about four engine failures every month over this period, thus risking lives of passengers on various routes.

Basically, “All was not well” and the management did not communicate the same to various stakeholders.