The crisis at the low-cost carrier Indigo seems to be deepening as the minority shareholders of the company have approached its board alleging operational mismanagement by the board, according to a report.
Business daily Business Standard on Friday reported, quoting sources that the minority shareholders have questioned the deals and the contracts signed by the airline’s management.
The deals struck for A320 Neo aircraft are among the issues red-flagged by the minority shareholders, according to the report. IndiGo, in 2011, had signed an order for 180 A320 Neos. The airline followed it up with an order for 250 of the same aircraft in 2015. The company had opted for this aircraft with the aim of bringing about fuel efficiency.
