SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 16 May, 2019  

indigo-logoTHMB.jpg IndiGo CEO in damage control mode over rift

indigo.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 16 May, 2019
A day after reports of a rift between IndiGo promoters surfaced, the airline's Chief Executive Officer (CEO) Rono Dutta played down the issue and said that the growth plan remains intact for the carrier.

In a letter to the employees on Thursday, Dutta said: "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."

"We will continue our focus on creating value for all our shareholders, our customers, our employees and the communities we serve," the CEO said while thanking the employees for their dedication.

Dutta also advised the employees to direct media queries on any issue to the concerned department to ensure that appropriate response is given.

Dutta is considered close to the airline co-founder Rakesh Gangwal and was hand-picked to steer IndiGo's expansion plan.

Differences between co-founders Rahul Bhatia and Gangwal first surfaced last year over managerial control of the firm.

After the rift surfaced on Tuesday, an IndiGo spokesperson told IANS that the company does not comment on market speculation.

The report comes close on the heels of sharp differences between Jet Airways promoter Naresh Goyal and minority partner Etihad. The sour relations eventually resulted in a severe crisis and grounding of the carrier.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter