InterGlobe Aviation's billionaire director Rahul Bhatia has taken over as interim chief executive of IndiGo after its president and director Aditya Ghosh unexpectedly resigned before a board meeting Friday, the operator of India's biggest airline said in an exchange filing.
Mr Ghosh has quit as director from April 26 and will step down as president from July 31, the airlines said. "Aditya wishes to explore starting a new business venture and we respect his decision to do so", Bhatia said in an e-mail to IndiGo employees on Friday. "The company also announced the appointment of Gregory Taylor as senior advisor to the company reporting directly to Rahul", InterGlobe Aviation said in a statement. He will report directly to Mr. Bhatia. "In the coming months, the board will consider the appointment of Greg as president and CEO of the company, subject to receiving the regulatory approvals", the airline said. He also ensured that its IPO was a blockbuster and allowed it to become the largest low-priced airline firm in Asia in terms of market valuation. Ashby was the airline's founding President and CEO.
Ghosh (42), who holds a bachelor's degree in Law and History from Delhi University, helmed the airline for nearly 10 years, a period in which IndiGo has gone on to dominate the Indian skies. "I will embark on my next adventure in the future", he added. "I wish all my colleagues at IndiGo the very best as they move on to the next phase of growth", Ghosh said in a statement. He was During 2016 and 2017, Greg was EVP revenue management and network planning at IndiGo in 2016-17.
Bhatia's mail as followed by Aditya Ghosh writing to employees, saying: "It's been an exhilarating ride to say the least..." Companies like Kingfisher Airlines had to leave the space after mounting debt as the oil prices hit the rooftops following the financial crisis that broke out ten years ago.
He noted that IndiGo is the largest and most profitable airline in the fastest growing aviation market in the world. It operates around 1,000 flights daily. "His enormous and varied experience and understanding of the complexities of the airline industry will be invaluable to our future plans".