IiAS puts Bhatia, IndiGo board under the scanner

Institutional Investor Advisory Services India Ltd (IiAS) has faulted IndiGo promoter and managing director (MD) Rahul Bhatia for not leading from the front when the airline is facing its most challenging operational episode, even as it has sought a review of the current board structure which allows him to nominate half of the board.

- Dipali Banka & Abhishek Law

The airline's senior leadership, including chief executive officer Pieter Elbers, have faced a nationwide backlash for flight cancellations, halting the country’s booming aviation sector in the first week of December. Bhatia who founded IndiGo in 2006 along with his friend Rakesh Gangwal, owns 35.7% in Inter Globe Aviation Ltd, the airline's parent.