IndiGo board to question Gangwal on talks with Pratt & Whitney
MUMBAI: Some IndiGo board members are set to question cofounder Rakesh Gangwal next week on the nature of what one of them characterised as “exclusive parleys” with engine maker Pratt & Whitney (PW) ahead of the airline’s latest engine order.
PW has historically been the engine supplier to all of IndiGo’s Airbus planes. But the latest $20 billion order was given to rival CFM, a joint venture between GE and France’s Safran, after a competitive bidding process.
“The board is examining whether Gangwal complied with his fiduciary duties, as director, to keep it informed of developments related to aircraft, spares and OEM (original equipment manufacturer) purchases,” said one of the persons aware of the matter.
