News Update

Rahul Bhatia, a co-founder and promoter of IndiGo, has been named MD

• ByStartupStory     |    February 5, 2022

IndiGo stated on Friday that it will launch a massive expansion on foreign long haul routes, in preparation for Tata-Air India’s enormous aspirations. To prepare for this next phase of expansion, Rahul Bhatia, the budget carrier’s co-founder and promoter, has been recruited as MD. Managing director having immediate effect during its meeting on Friday, subject to shareholder approval. Bhatia emphasised that his goal will be transformative, focusing on extending the airline’s footprint in India and worldwide markets while also laying the groundwork for long-term growth.

The decision, according to IndiGo Chairman Meleveetil Damodaran, would boost the airline in the years ahead. Bhatia will be in charge of all elements of the airline and would actively guide the management team, according to him.

IndiGo is back on course, with a net profit of 130 crores in the December quarter. The profit comes just after the airline had been losing money for several quarters in a row. The Gurgaon-based firm’s income from operations increased by 89 percent to $9,294 crore in the third quarter, compared to $4,909 crore the previous year.

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