A fight between two billionaire co-founders is threatening to derail one of the world’s most successful airlines.
Rakesh Gangwal, 65, is accusing partner Rahul Bhatia, 59, of corporate-governance transgressions at Indian budget airline 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 Ltd.NSE -0.55 %
