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IndiGo: Cruising in Market but Crashing Within
Asian Journal of Management Cases Pub Date : 2021-04-22 , DOI: 10.1177/0972820121994959
Reeti Kulshrestha 1 , Arunaditya Sahay 1 , Subhanjan Sengupta 1, 2
Affiliation  

M. Damodaran,1 chairman IndiGo, has a lot on his plate, and the servings are not over yet. What happened on 26 April 2019, was just a precursor to what was eventually to follow. Aditya Ghosh,2 the longstanding director of InterGlobe3 for 10 years, resigned from his position, making way for Greg Taylor4 as president and chief executive officer (CEO). Rahul Bhatia5 became the interim CEO. This, ironically, happened when the airline had bagged in traffic rights to as many as 15 countries, including France, UK and Germany. The most ill-timed dispute between the two co-founders of IndiGo, Rakesh Gangwal6 and Rahul Bhatia, which had been brewing for about a year, came out in the open on 16 July 2019, at the most inopportune moment. Rakesh Gangwal alleged violations of corporate governance rule at IndiGo7 and requested the Securities and Exchange Board of India8 (SEBI) to intervene. The feud between the founders of InterGlobe Aviation Ltd. opened a can of worms, although Gangwal was not inclined to sell or raise his stakes. Analysts wondered about the timing of the complaints to SEBI: Why now? Will IndiGo be able to come out of this predicament or follow Kingfisher and Jet Airways’ footsteps?11 Will it be yet another episode of shallow vested interests? Will this lead to the downfall of IndiGo,12 or will it survive the turbulence and keep flying like a phoenix?



中文翻译:

IndiGo:在市场中游Cru但在内部崩溃

1位董事长IndiGo的M. Damodaran先生的餐盘很多,而且餐盘尚未结束。2019年4月26日发生的事情只是最终发生的事情的先兆。记者Aditya Ghosh,2 InterGlobe的长期董事3为10年,从他的位置辞职,制作方式格雷格·泰勒4为总裁兼首席执行官(CEO)。Rahul Bhatia 5成为临时首席执行官。具有讽刺意味的是,这发生在航空公司获得包括法国,英国和德国在内的多达15个国家/地区的运输权时。IndiGo的两位联合创始人Rakesh Gangwal 6之间最不合时宜的争执酝酿了约一年的拉胡尔·巴蒂亚(Rahul Bhatia)在最不合时宜的时刻于2019年7月16日公开露面。Rakesh Gangwal指控IndiGo 7违反了公司治理规则,并要求印度证券交易委员会8(SEBI)进行干预。InterGlobe Aviation Ltd.创始人之间的争执打开了一罐蠕虫,尽管Gangwal不愿出售或筹集他的股份。分析师想知道向SEBI投诉的时间:为什么现在呢?IndiGo能否摆脱困境或效仿翠鸟和捷特航空的足迹?11还会是既得利益者的又一集吗?这会导致IndiGo倒台吗?12 还是会在湍流中幸免并像凤凰一样继续飞行?

更新日期:2021-04-23
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