Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.
Oyo has recently undergone large-scale corporate restructuring, setting up several subsidiaries and bifurcating operations globally.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
'You want to be a team that wins the game irrespective of which stadium you are playing in and what the weather conditions may be on that day,' says the outgoing president of IndiGo as he looks back on his eventful tenure.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
Largest low-cost airline posted an 18 per cent growth in net profits.
The aviation ministry is not in the business of regulating tariffs, says its president Aditya Ghosh.
Major no-frill carrier IndiGo expects to continue its profit-making streak this financial year too, as it plans to increase frequencies on select international routes soon.
No-frills carrier IndiGo Airlines on Friday said it will increase frequencies on the domestic and international routes this summer as it adds nine aircraft to its fleet by the year end.
Low-cost airline IndiGo on Tuesday said it has no plans to take on-board an overseas partner to expand its business.
The airline is currently operating on the Delhi-Dubai, Mumbai-Dubai, Delhi-Singapore and Mumbai-Muscat routes.
Since the company's senior management was privy to the price-sensitive information of Ghosh's resignation, Sebi wanted to check whether the information was disseminated properly to bourses
The flights between Dubai and New Delhi will begin in September and those connecting Mumbai a month later.
A retired school headmaster from Jhalda, West Bengal, mourned the loss of his 33-year-old son, an Intelligence Bureau officer, who was killed in a terrorist attack in Pahalgam, Kashmir. The incident sparked outrage and calls for justice as families and political leaders expressed grief and condemned the attack. The victims' families recounted the horrifying details of the attack and praised the courage of a local taxi driver who rescued survivors and provided support.
IndiGo operates 125 flights across 17 destinations with a fleet of 19 brand new Airbus A-320 aircraft. For the full service carrier, Kingfisher, the drop on flights up to 750 km will be Rs 400 to Rs 1,950 from Rs 2,350 earlier. Fares for travelling above 750 km will be down to Rs 2,700 from Rs 3,100.
Low-cost carrier IndiGo on Wednesday said it plans to hire up to 1,500 people this year to support its major expansion drive.
Budget carrier IndiGo announced special family fares which offer discount up to 25 per cent for a family of four or more travelling together on a single PNR across its domestic network.
IndiGo's president Aditya Ghosh shares the growth plan.
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
Airbus claims the new aircraft is 15 per cent more fuel efficient than the exiting versions of A320
The addition of eight new services would take the total number of flights operated by the IndiGo to 633
A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday. Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got the no-objection certificate (NOC) from the Ministry of Civil Aviation on Monday.
In 2011, the Gurgaon-based airline placed an order of 180 narrow-body Airbus aircraft, including 150 fuel efficient A320neo and 30 A320s.
The introduction of these new flights would help IndiGo cross 650 flights mark as the it would offer a total of 671 flights per day connecting 39 destinations.
6EPass coupons mainly for regular flyers who can travel without worrying about ticket price fluctuations
The order, valued at 'nearly $9 billion at list prices', was signed at Dubai Air Show 2021 on Tuesday.
A signature cocktail of on-time performance, clean aircraft and good on-board service has helped India's youngest airline become the largest.
IndiGo has about 400 planes on order.
Among executives who have been approached are former president and CEO of IndiGo Aditya Ghosh, Wolfgang Prock Schauer, current president and Chief Operating Officer at IndiGo and Sanjay Kumar, Chief Strategy and Revenue Officer of IndiGo.
Mittu Chandilya wants to bring a new meaning to flying for Indians.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Flight services to Kathmandu were on Saturday cancelled or put on hold following the closure of airport there after a powerful earthquake rocked central part of the Himalayan country.
At present, IndiGo operates over 17 flights between India and the Gulf
IndiGo will seek board approval for Dutta's appointment soon. Till then, promoter Rahul Bhatia will continue to act as interim CEO.
IndiGo said operations of the ATR fleet would be handled by an independent team that would be responsible for in-flight services, dispatch and control, and revenue.
InterGlobe has raised Rs 3,008.5 crore.
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