In an e-mail to his employees, IndiGo CEO Ronojoy Dutta said the company has a "reasonable" level of advanced bookings for April and it was "anxious' to fly again albeit with a reduced capacity.
As countries implement border lockdowns and travel restrictions, airline companies are currently facing the worst loss.
Ronojoy Dutta, who is currently the CEO, has been redesignated with immediate effect and his term in the new role would be valid till January 23, 2024, according to a release.
Interestingly, the country's civil aviation sector has been experiencing lower growth in traffic compared to previous years and there has also been softness in fares in October, according to industry experts.
The differences between co-founders and co-promoters came to the fore in July after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company.
Indigo Airlines currently has the world's largest fleet of Airbus' A320neo family aircraft.
IndiGo airlines is also reviewing its strategy for Europe whilst making full use of its Turkish Airline codeshare agreement which allows passengers to fly through Istanbul on a '6E code'.
Yangon will be IndiGo's 18th overseas destination and will begin operations from September 20.
The IndiGo CEO, who took charge in January, said the airline will look to take some of the international operations of Air India but at the right price.
InterGlobe’s shares fell nine per cent on Thursday after media reports that the co-founders and two largest shareholders were at odds over its expansion.
This is a first statement issued by Dutta since Thursday morning when various media reports were published about differences between Bhatia and Gangwal.
Despite facing setbacks recently such as the Pratt and Whitney engine issue and exits at the top level, IndiGo CEO assures that the growth strategy of the airline remains unchanged and firmly in place.
CEO of InterGlobe Aviation Ronojoy Dutta sent the letter after various media reports alleged disagreements between the airline's two promoters — Rahul Bhatia and Rakesh Gangwal.
In a message to the staff, IndiGo's new CEO Ronojoy Dutta said that IndiGo is playing a critical part in nation building by "building highways in the sky".
The company also approved the appointment of Meleveetil Damodaran as chairman. Both appointments are effective Jan. 24, InterGlobe said in a statement.
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