The feud between the two co-promoters of IndiGo Airlines, Rakesh Gangwal and Rahul Bhatia, escalated on Sunday with the latter’s InterGlobe Enterprise (IGE) again hitting out at Gangwal, claiming he was often “missing in action”.
The issue could come to a head the coming week around IndiGo’s board meeting, the time and venue for which are yet to be finalised. There is also no clarity at the moment on whether Gangwal will attend the meeting in person or through video conferencing.
IGE said in a statement today that there were periods during IndiGo’s early days when Gangwal wanted to de-risk and pushed for the business to be sold. It was left to IGE, as a “responsible founder”, to fend for IndiGo, said the firm.
