Ronojoy Dutta would take charge of CEO from the organization’s co-founder and interim CEO Rahul Bhatia. Aviation veteran Ronojoy Dutta has been designated as Chief Executive Officer (CEO) of IndiGo for a time of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.
M Damodaran, previous Chairman of Securities Exchange Board of India (SEBI), has been selected as chairman of the Indigo’s board of directors, the budget carrier said.
Dutta would take charge of CEO from the company’s co-founder and interim CEO Rahul Bhatia, who expressed Wednesday that the following period of organization’s development would originate from the worldwide extension. Dutta was President of United Airlines, where he worked for about twenty years, holding different senior initiative positions including Senior Vice President (VP) Planning, senior VP Maintenance, VP Finance, and VP Information technology. Dutta additionally filled in as the President of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
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“IndiGo has had remarkable success in establishing itself as a world-class airline, and I am so happy to be allowed this chance to be a part of it. IndiGo is blessed to work in one of the most astounding development economies of the world, and this opens up future opportunities for rapid growth,” Dutta said Thursday.
InterGlobe Aviation, parent of IndiGo, Wednesday revealed a 75 percent fall in net profit at Rs 190.9 crore in the December quarter as high fuel prices and currency depreciation antagonistically affected the bottom line. The airline had a benefit after tax of Rs 762 crore in the relating time of 2017-18.
“Profitability was unfavorably affected by high fuel costs and currency depreciation,” the airline said Wednesday in an introduction to analysts and institutional investors.
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While noting examiners’ questions amid post-results conference call Wednesday, Bhatia stated: “We have a huge advantage in going universal in that we are going there on single-aisle planes…In those (international) markets where we are going to fly with our single-aisle low-cost strategy, we will have huge profit margins. So, we are very excited about our growth opportunities internationally.”
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