Ixigo tips

The travel industry in India had a long wish list for the Union Budget released Tuesday: Industry status for tourism; a uniform tax rate for hotels; streamlined registration for online travel agencies; infrastructure status for hotels.

If you thought the IPL season in India was big, just wait until you hear about the IPO season. Following TBO Tek’s debut on the Indian stock exchange last month, online travel company Ixigo listed on the Indian bourses this week. Join Skift’s Peden Doma Bhutia and Bulbul Dhawan as they discuss the market sentiment towards travel IPOs. Also, discover why Air India’s CEO stated that the airline’s investment in new aircraft will depend on the government’s policies on bilateral agreements and seat capacity grants, and why Accor’s CEO finds opening a hotel in India to be a tedious process. Catch all this and more in the latest edition of the Skift India Travel Podcast

Le Travenues Technology, the parent company of Indian travel aggregator Ixigo, will be launching its initial public offering (IPO) on June 10. The company announced on Wednesday that the INR 7.4 billion ($89 million)-IPO size, includes a fresh issuance of equity shares worth INR 1.2 billion ($14.4 million) (and an offer for sale of INR 6.2 billion ($74.4 million). The IPO price band ranges from INR 88 to 93 per share.

Airfares in India have been soaring this year and a new report confirms the trend.

Nearly 500 of the 600 Go First pilots have quit and joined other airlines, including Air India and IndiGo, which have been expanding their operations aggressively. That leaves the crisis-hit carrier with only 100 pilots.