Indian low-cost carrier IndiGo continues to be in the news since the dispute between the co-founders broke out. The airline posted its highest ever earnings and despite the board meeting on July 19, 2019, the dispute remains unresolved and could potentially go into a long legal battle.
Bloomberg article “Billionaire Owners’ Public Spat Weighs on IndiGo’s Future” discusses the issues involved in this case and what industry experts foresee the situation will become. Tarun Bhatia, Managing Director in the Business Intelligence and Investigations practice of Kroll, a division of Duff & Phelps, was quoted in the article. He warns of potential damage to the airline should the co-founders not agree to resolve their differences quickly.
Bloomberg subscribers can read the full article here.
