Indigo likely to appoint Gregory Taylor as new CEO, stock rebounds after 6% fall

On Monday, the shares of Interglobe Aviation Pvt Ltd rebounded after falling 6% on Friday and gained 1% today. At 9:55 am, the scrip was trading at 1,417, up 0.8% as comapred to a 0.5% rise in BSE Sensex. The stock had hit a high and low of Rs 1,438 and Rs 1,361 in the day so far.

On Friday IndiGo announced that Aditya Ghosh has resigned and likely to be by replaced one of its former executives Gregory Taylor and Rahul Bhatia will be the interim CEO. The news comes amid the airline embarking on ambitious expansion plans and its aircraft facing technical issues with engines.

Aditya Ghosh has been working with the company for more than 10  years said it has been most satisfying task building Indigo Airlines. “It is now time for me to step off the treadmill and sometime in the near future embark on my next adventure. I wish all my colleagues at IndiGo the very best as they move on to the next phase of growth”, He added.

In a statement Interglobe Enterprises Pvt Ltd said, “In the coming months, the Board will consider the appointment of Greg as President and CEO of the company, subject to receiving the necessary regulatory approvals and paperwork”.