Billionaire founder steps in as biggest India airline head exits

InterGlobe Aviation’s billionaire director Rahul Bhatia has taken over as interim CE after its president and director Aditya Ghosh unexpectedly resigned before a board meeting Friday. Ghosh is leaving at a time when the airline is changing some of its most successful policies such as moving to a mixed fleet instead of operating a single aircraft class, buying planes outright instead of leasing them, and planning a new low cost, long haul service. Ghosh has been IndiGo’s public face over the years as media shy billionaire owners Bhatia and Rakesh Gangwal remained away from the limelight. Ghosh has quit as director from April 26 and will step down as president from July 31, the airline said Friday. He led IndiGo for nearly a decade, growing it to be the nation’s biggest airline. <br/>