Billionaire owners' public spat weighs on IndiGo's future
A fight between two billionaire co-founders is threatening to derail IndiGo. Rakesh Gangwal is accusing partner Rahul Bhatia of corporate-governance transgressions at 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. Yet analysts see risks in a prolonged dispute - even after the carrier posted record profit last week. While local media reports have suggested the owners may be negotiating a truce, neither Bhatia, whose holding company owns 38% of the airline, nor Gangwal, who with affiliates holds 37%, was available for comment. A prolonged dispute could dent IndiGo's lead in India, where it controls close to 50% of the local market. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-26/unaligned/billionaire-owners-public-spat-weighs-on-indigos-future
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Billionaire owners' public spat weighs on IndiGo's future
A fight between two billionaire co-founders is threatening to derail IndiGo. Rakesh Gangwal is accusing partner Rahul Bhatia of corporate-governance transgressions at 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. Yet analysts see risks in a prolonged dispute - even after the carrier posted record profit last week. While local media reports have suggested the owners may be negotiating a truce, neither Bhatia, whose holding company owns 38% of the airline, nor Gangwal, who with affiliates holds 37%, was available for comment. A prolonged dispute could dent IndiGo's lead in India, where it controls close to 50% of the local market. <br/>
