Co-presented by

IndiGo CEO says growth strategy remains unchanged amid reports of disagreement between promoters

New Delhi: 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 various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal.

InterGlobe Aviation owns and manages IndiGo airline, which has around 44 percent share in the domestic passenger market.

 IndiGo CEO says growth strategy remains unchanged amid reports of disagreement between promoters

Representational image. Reuters.

"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.

As per the media reports, serious differences have cropped up among 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, as per the media reports.

IndiGo did not respond to the specific queries sent by the PTI regarding this matter.

While Gangwal owns around 37 percent share in InterGlobe Aviation, Bhatia has around 38 percent share in the company that is listed on the Bombay Stock Exchange.

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

Updated Date: May 16, 2019 15:43:00 IST