IndiGo Grounded 6th A 320 ,Shares also Down to 1.64%

[New Delhi]IndiGo Grounded 6th A 320 ,Shares also Down to 1.64%
Budget carrier IndiGo has grounded another of its A320 neo aircraft, making it the sixth aircraft to be stopped from operations since July. So its share price also suffered down fall to 1.64% BSE chart shows down fall of Rs 17.40 closing to Rs 1046,75
The aircraft has been grounded at the Indira Gandhi International (IGI) Airport
According to sources, the plane was relatively new and was grounded yesterday.
During the day, Pratt & Whitney also issued a statement saying “it is working closely with operators to address aircraft taken out of service as per established engine inspection plans”.
P&W engine woes had forced the airline to ground some of the A320 neo aircraft on earlier occasions also.
At present, IndiGo has a fleet of more than 170 aircrafts, including 40 A320 neo planes.
During February and March this year, 14 planes — 11 of IndiGo and three of GoAir — were taken out of operations due to P&W engine issues on the directions of the aviation regulator after a series of mid-air shut downs were reported by the two carriers.
The grounding of the IndiGo flights during this period had hit 1.08 lakh passengers.
In the 2017 June quarter, IndiGo grounded nine A320 neo planes due to engine issues. The grounding had also resulted in the airline cancelling 84 flights on a particular day last year.