InterGlobe Aviation and Air India have jointly approached the Indian government requesting financial relief amid operational challenges stemming from the Iran conflict. The two major carriers are seeking reduced aviation taxes and fees to help mitigate the impact of disrupted operations in the region.

Government Relief Request

Both airlines have formally requested the government to consider reducing various aviation-related taxes and fees. This move comes as carriers face increased operational costs and route disruptions due to the ongoing conflict in Iran, which has affected flight operations across the region.

Impact on Operations

The Iran conflict has created significant challenges for airlines operating routes that traverse or are adjacent to the affected region. Airlines have been forced to alter flight paths, leading to increased fuel costs and longer flight times, which directly impact operational efficiency and profitability.

Industry Response

The joint approach by InterGlobe Aviation and Air India highlights the broader impact of geopolitical tensions on the aviation sector. Both carriers are seeking government support to navigate these challenging operational conditions while maintaining service levels for passengers.

Singapore's sovereign wealth fund manager GIC Private Limited has reduced its stake in InterGlobe Aviation Limited through a substantial share sale, according to a regulatory disclosure filed under SEBI's takeover regulations.

Share Sale Transaction Details

The transaction involved the sale of 485,902 equity shares carrying voting rights through open market operations on 9 March 2026. The sale was executed by GIC Private Limited acting on behalf of two entities:

Shareholding Position Changes

Following the transaction, GIC's total holding in InterGlobe Aviation decreased significantly. The updated shareholding structure shows:

Regulatory Context and Background

The disclosure was made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. GIC noted in its filing that it had been reducing its position through multiple non-reportable transactions since December 2024.

As per GIC's last disclosure under Regulation 29(1) dated 13 December 2024, the investment manager held 19,323,529 equity shares representing 5.00% of InterGlobe Aviation's outstanding share capital. The current disclosure was triggered after cumulative sales crossed the substantial acquisition threshold requiring regulatory notification.

Share Capital Information

The calculations were based on InterGlobe Aviation's updated share capital following recent corporate actions. The company's total paid-up equity share capital increased to 386,612,998 equity shares on 5 March 2026, following the allotment of stock options under the InterGlobe Aviation Limited Employee Stock Option Scheme 2023.

GIC Private Limited operates as an investment manager with power to exercise voting rights for all shares it manages on behalf of the Government of Singapore and Monetary Authority of Singapore. The company does not belong to InterGlobe Aviation's promoter or promoter group category.