CEO of India’s IndiGo resigns, months after mass flight cancellations

CEO of India’s IndiGo resigns, months after mass flight cancellations


Indigo is one of a handful of airlines that are rerouting and canceling flights to avoid Pakistan’s airspace.

Nicolas Economo |NurPhoto | Getty Images

IndiGo said on Tuesday that CEO Pieter ​Elbers had resigned from his position ‌with immediate effect for personal reasons, months after mass flight cancellations left tens of thousands ​of passengers stranded and drew regulatory ​scrutiny.

The airline said its managing director ⁠Rahul Bhatia would manage the company in ​the interim until a replacement is hired. ​Bhatia’s InterGlobe Enterprises is the largest shareholder in IndiGo operator InterGlobe Aviation, with a 35.69% stake ​as of December.

India’s largest airline scrapped about ​4,500 flights in the first weeks of December, ‌highlighting ⁠concerns over limited competition in the world’s fastest-growing aviation market.

The airline apologised to customers after it failed to make roster ​changes in ​time to ⁠comply with stricter pilot fatigue rules set by the government.

Elbers ​last year shared the stage with ​Indian ⁠Prime Minister Narendra Modi at a global airlines meeting in New Delhi, basking in ⁠IndiGo’s ​role as the host ​airline of the annual gathering.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source

Here’s the inflation breakdown for April 2026 — in one chart
World

Here’s the inflation breakdown for April 2026 — in one chart

Fuel prices are displayed on a sign as customers fill their vehicles at a gas station in Miami, April 13, 2026. Joe Raedle | Getty Images Inflation jumped in April to the highest level in nearly three years as surging gas prices due to the Iran war pushed up the cost of many consumer goods. […]

Read More
Consumer prices rose 3.8% annually in April, the highest since May 2023
World

Consumer prices rose 3.8% annually in April, the highest since May 2023

High gas prices are displayed at a Shell gas station on May 11, 2026 in Burbank, California. Mario Tama | Getty Images Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy. The consumer price […]

Read More
Hims & Hers plummets 15% after first-quarter loss, weak earnings guidance
World

Hims & Hers plummets 15% after first-quarter loss, weak earnings guidance

Piotr Swat | Lightrocket | Getty Images Telehealth company Hims & Hers’ stock plummeted in early trading Tuesday after posting a first-quarter loss and weak earnings guidance for the year ahead. The digital health firm reported a net loss of $92 million in its first quarter earnings on Monday, compared with roughly $50 million for […]

Read More