Business

IndiGo founders differ in just one problem, says CEO Ronojoy Dutta




By Anurag Kotoky

Billion's founders of IndiGo, Asia's largest market-based budget airline, are discussing "one problem," says the company's CEO, days after local media reported that the owners have fallen apart.

"There are absolutely no differences in strategy, no differences in international expansion, no differences in managerial selection," says CEO Ronojoy Dutta in a conference call with analysts on Monday. "It is a problem they are discussing right now and we hope to resolve it in the near future. "

Dutta did not elaborate on what the problem is.

The founders of IndiGo – Rakesh Gangwal, former CEO of US Airways, and Rahul Bhatia, a former airline ticket company, have spared control of the company, reported local media this month. A Gangwal statement that followed said he did not have any desire or interest to take over the airline. While there are differences in opinion about certain issues between the two founders, the company has an overview of solving issues, said CEO Dutta earlier.

Dutta's statement on Monday comes after shares in InterGlobe Aviation Ltd., which runs IndiGo, dropped most of the year before this month after the reports had come over. Founded in 2005, IndiGo has quickly surpassed its rivals to seize nearly half of the local market, making both founders billionaires.



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