India's Top Airline Starts IPO Bidding in Modi Sentiment Test

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  • Sale could value IndiGo as Asia's third-largest budget carrier
  • IndiGo is earning profits while rivals have lost billions

IndiGo, the only Indian airline to have made a profit in each of the past seven years, is trying to tap a market where carriers have lost a combined $10 billion over the past six years.

Photographer: Dhiraj Singh/Bloomberg

The parent company of India’s leading airline, IndiGo, began taking orders for what could become the nation’s biggest initial public offering in almost three years.

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