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Home / Business / billionaire founder joins as India's largest airline head exits Billionaire Rahul Bhatia of InterGlobe Aviation Ltd.

billionaire founder joins as India's largest airline head exits Billionaire Rahul Bhatia of InterGlobe Aviation Ltd.



has taken over the role of interim CEO after his president and CEO Aditya Ghosh had surprisingly resigned before a board meeting on Friday, said the operator of India's largest airline] Ghosh goes to a time when the airline is changing some of its most successful strategies, such as switching to a mixed fleet, rather than operating a single class of aircraft, buying aircraft directly instead of leasing them, and planning a new, cost-effective long-haul operation. Ghosh had been IndiGo's public face over the years as media-shy billionaire owners Bhatia and Rakesh Gangwal stayed out of the limelight.

Ghosh has resigned as director since April 26 and will step down as president from July 31

, the airlines said statement on late Friday. He led IndiGo for nearly a decade to the largest airline in the country. Below him, IndiGo placed billions of dollars in record aircraft orders, had a blockbuster IPO, and became the largest low-cost airline in Asia by market value.

Separately, IndiGo said in an email message that he would appoint Gregory Taylor as President and CEO. Taylor, who served as Executive Vice President of Revenue Management and Network Planning at IndiGo from 2016-2017, was appointed Senior Adviser, the statement added.

The company spokeswoman and Ghosh did not immediately respond to calls seeking comments. 19659002] "Ghosh has been instrumental in bringing IndiGo to the forefront of Indian aviation in the last decade," said Mark Martin, founder and CEO of Dubai-based Martin Consulting LLC. "Indigo stocks may have a temporary loss as they are overvalued and we do not expect a big sell off as Indigo still has good leadership and is heavily anchored in air traffic."


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