Aditya Ghosh to step down as IndiGo prez

Aditya Ghosh’s resignation as whole time director is effective from 26 April while he would step down as president with effect from 31 July

In a regulatory filing to the BSE on Friday, IndiGo said the board of directors has accepted Ghosh's resignation as president, effective July 31, 2018, and as a director from Thursday (April 26).

"The company also announced the appointment of Gregory Taylor as senior advisor to the company reporting directly to Rahul".

Indigo Airlines has the highest market share in India.

The company's spokeswoman and Mr Ghosh didn't immediately respond to calls seeking comments. Ghosh has been IndiGo's public face over the years as media-shy owners Bhatia and Rakesh Gangwal remained away from the limelight.

IndiGo, says Ghosh, is now the fourth largest LCC (low-cost carrier) in the world.

The churn comes as the 2006-founded IndiGo is preparing for its next phase of growth - medium to long haul worldwide flights on wide body planes - after becoming largest domestic player with 40% of market share. His experience was said to be crucial for IndiGo, which is preparing to launch overseas flights. About Taylor, Rahul Bhatia said: "We are delighted at Greg's decision to rejoin the IndiGo team and welcome him back to the company". Rahul Bhatia, Founder of InterGlobe Aviation, has been named as the interim acting chairman of the company by the Board.

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"As many of you know, Greg is no stranger to IndiGo having been our Executive Vice President of Revenue Management & Network Planning during 2016-17", he said in a message.

Welcoming Taylor, Bhatia said his enormous and varied experience and understanding of the complexities of the airline industry would be invaluable to the airline's future plans.

Sources told Moneycontrol that one more big addition is set to happen in IndiGo's leadership. While at Etihad, he was chief commercial officer for Jet Airways, subsequent to the investment by the Gulf airline in the Indian carrier.

Ghosh was appointed for the top post at an early age of 32 in 2008, when the airline's founding president and CEO Bruce Ashby resigned.

Interestingly, the exit of Ghosh came at a time when the company is engaged in revisiting some of its policies through successful. Bhatia's letter to the employees says that Ghosh is looking to start a business venture.

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