IndiGo fiasco: HSBC maintains ‘buy’ rating for InterGlobe Aviation; cites ‘no structural damage’ despite recent crisis
Worried about your InterGlobe Aviation investment after IndiGo’s recent operational crisis? HSBC has urged IndiGo investors to look past the dramatic scenes surrounding InterGlobe Aviation over the past week, saying the chaos has not altered the airline’s long-term prospects. The brokerage acknowledged the scale of the disruption but concluded that the airline’s fundamentals remain unbroken,…