IndiGo appoints Co-founder Rahul Bhatia as Managing Director

Budget carrier IndiGo's parent company InterGlobe Aviation announced on Friday that it has appointed its Co-founder Rahul Bhatia as Managing Director with immediate effect. Bhatia has been appointed for a period of five years and will not draw any remuneration during his tenure, the company said. Bhatia and Co-founder Rakesh Gangwal together own a 74.44% stake in the company.