17 Sep 2025

Interglobe Aviation Gains as IndiGo Signs 11-Year Avionics Deal with Thales

Interglobe Aviation is trading at RS. 5740.15, up by 9.00 points or 0.16% from its previous closing of RS. 5731.15 on the BSE.

The stock opened at RS. 5742.10 and touched a high of RS. 5761.30 and a low of RS. 5716.60 during the session. So far, 10,880 shares have been traded on the counter.

Classified under the BSE group 'A', the stock with a face value of RS. 10 has recorded a 52-week high of RS. 6225.05 on 18-Aug-2025 and a 52-week low of RS. 3778.50 on 28-Oct-2024. Over the past week, it hit a high of RS. 5778.35 and a low of RS. 5545.00. The company’s current market capitalization stands at RS. 221879.91 crore.

Promoter shareholding is 43.54%, while institutions hold 51.40% and non-institutions hold 5.06%.

Global technology giant Thales has signed an 11-year avionics maintenance support agreement with Interglobe Aviation (IndiGo) for its Airbus A320 fleet, covering more than 800 upcoming aircraft deliveries. Additionally, Thales’ contract for IndiGo’s fleet-wide Electronic Flight Bag rollout has been extended by five years.

The long-term maintenance pact includes Thales’ “By The Hour” and “Repair By The Hour” programmes and will cover over 1,200 aircraft. Repairs will be handled at Thales' Maintenance, Repair and Overhaul (MRO) facility in Gurugram, Haryana.

Interglobe Aviation operates IndiGo, India’s largest passenger airline, offering air transportation services domestically and internationally.