IndiGo Co-Founder Steadfast Amid Stake Sale Concerns

IndiGo Co-Founder Rahul Bhatia affirmed the airline's commitment to cost leadership during its 18th anniversary. Despite concerns over a recent stake sale, Bhatia emphasized it was for new business ventures. IndiGo, India's largest airline, will introduce business class seats and a loyalty program in November, and acquire wide-body planes by 2027.

IndiGo Co-Founder Rahul Bhatia on Monday reassured stakeholders about the airline's commitment to its cost leadership strategy, amidst concerns following a recent stake sale.

At the event marking IndiGo's 18th anniversary, Bhatia clarified the stake sale aimed to fund new business initiatives by InterGlobe Enterprises, emphasizing its simplicity.

Bhatia highlighted IndiGo's market dominance with a 61% share and plans to introduce business class seats, a loyalty program, and wide-body A350 planes by 2027.

(With inputs from agencies.)