IndiGo misled 3 lakh shareholders, repeatedly claimed it was ready to implement FDTL norms

IndiGo repeatedly misled its nearly three lakh shareholders that it'd scaled up its fleet and operations to meet year-end festive rush, which coincided with the deadline to implement new FDTL norms. CEO Pieter Elbers confirmed IndiGo's preparedness on a November 4 earnings call. During the same call, CFO Gaurav Negi also ensured the norms guided only "small uptick" in costs.