Billionaire Owners’ Public Spat Weighs on IndiGo’s Future
- Owners of Asia’s most valuable budget carrier locked in feud
- Prolonged tussle poses risk to expansion plans, brand value
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A fight between two billionaire co-founders is threatening to hurt one of the world’s most successful airlines.
Rakesh Gangwal, 65, is accusing partner Rahul Bhatia, 59, of corporate-governance transgressions at Indian budget airline IndiGo and wants his powers curbed. Bhatia denies the allegations, and there’s no sign yet that the disagreement is affecting financial performance of the airline, operated by InterGlobe Aviation Ltd.