Our growth strategy remains unchanged: IndiGo CEO after reported disagreement between promoters

The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between Rahul Bhatia and Rakesh Gangwal.

Published: 16th May 2019 02:57 PM  |   Last Updated: 16th May 2019 03:55 PM   |  A+A-


File Image of an Indigo Aircraft for representational Purposes. | Reuters


NEW DELHI: The growth strategy of IndiGo remains unchanged and the airline's management has full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday.

The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal.

InterGlobe Aviation owns and manages IndiGo airline, which has around 44 per cent share in the domestic passenger market.

"I want to assure you that the growth strategy of the airline remains unchanged and firmly in place, and the management is fully charged by the Board to implement it," Dutta said in the email.

"I am sure you are all aware of the press reports regarding alleged disagreements between our two promoters Rahul Bhatia and Rakesh Gangwal," he added.

The CEO said the company would continue its focus on creating value for all shareholders, customers, employees and the communities it serves.

As per the media reports, serious differences have cropped up among the two chief promoters over strategies and ambitions for the airline.

In order to resolve the differences amicably so that it does not affect airline's functioning, Gangwal and Bhatia are taking help from law firms J Sagar Associates and Khatian & Co, respectively, as per the media reports.

IndiGo did not respond to the specific queries sent by the PTI regarding this matter.

While Gangwal owns around 37 per cent share in InterGlobe Aviation, Bhatia has around 38 per cent share in the company that is listed on the Bombay Stock Exchange.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp