Ghosh says this is the right time to exit but won't get into specifics. He says he has "myriad interests", "an open mind" and is readying himself for a new phase.
There's a subtle shift in power in the boardroom, as new appointees — mostly expatriates — work side-by-side with the old guard, often making key decisions in the co.
Ghosh’s exit is portentous. It would come as a surprise to many in the industry who thought the man would be part of the airline's next phase of growth.
Ghosh has decided to quit IndiGo at a time when the airline has plans to expand in the international skies. Sources said Greg Taylor may replace him.
The Modi government has been actively pushing for electric vehicles, especially for public transport, to tackle rising pollution levels in cities and also the country’s dependence on imported fuel.
Executives at India’s top travel companies said that average peak-season fares are the lowest this year, having consistently fallen over the past four years amidst intensifying competition.
US’ Federal Aviation Administration and the European Aviation Safety Agency earlier in the week called for the inspection of the engines made by CFM international.
The report highlighted that with the rise of new age business models and SMEs, and economy on the path of revival, there has been a considerable focus on improving India’s logistics performance.
The airline currently operates a fleet of 20 narrow-bodied Airbus A320 planes of about 180 seats. Wide-bodied planes typically have more than 300 seats.
Resumption of deliveries will mean the two airlines can implement their expansion plans, a chunk of which have been kept on hold because of the stoppage in deliveries.
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