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IndiGo growth strategy unchanged; management has board's full support: CEO

Press Trust of India/New Delhi 16 May 19 | 02:21 PM

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 media reports on Thursday morning regarding alleged disagreements between the airline's two promoters, Rahul Bhatia and Rakesh Gangwal.

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InterGlobe Aviation owns and manages the 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.

According to media reports, serious differences have cropped up between 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, the reports said.

ALSO READ: Report of 'rift' between IndiGo promoters; airline calls it speculation

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