{"id":20679,"date":"2022-05-19T18:50:18","date_gmt":"2022-05-19T13:20:18","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=20679"},"modified":"2022-05-19T18:54:20","modified_gmt":"2022-05-19T13:24:20","slug":"indigo-is-bracing-for-more-competition-with-akasa-air-expected-to-be-operational-in-the-coming-months-while-jet-airways-is-likely-to-resume-operations-soon-information","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/05\/19\/indigo-is-bracing-for-more-competition-with-akasa-air-expected-to-be-operational-in-the-coming-months-while-jet-airways-is-likely-to-resume-operations-soon-information\/","title":{"rendered":"Ahead of jet airways, Air Akasa coming; IndiGo witnesses turbulent period"},"content":{"rendered":"\n

IndiGo is bracing for more competition with Akasa Air expected to be operational in the coming months while Jet Airways is likely to resume operations soon, information. <\/strong><\/p>\n\n\n\n

In February 2022, IndiGo\u2019s co-founders Rahul Bhatia and Rakesh Gangwal made headlines as the statement arrived that Bhatia will take charge as the airline’s Managing Director.<\/p>\n\n\n\n

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IndiGo airline | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

Further, on February 18, it was announced that Gangwal had stepped down from its board. Bhatia took over as the Managing Director on February 4 and since then, there have been quite a rare churns in the top deck. IndiGo <\/a>— a low-cost carrier that accounts for more than half of the country’s domestic traffic — has declared the appointment of a new Chairman, Chief Financial Officer (CFO), and Chief Executive Officer (CEO) in March. <\/p><\/blockquote>\n\n\n\n

Jet Airways is likely to restart operations soon<\/h2>\n\n\n\n

In March, IndiGo’s market share stood at 54.8 percent, as per official data. IndiGo, which has nearly 300 planes in its fleet, is also bracing for more competition with Akasa expected to be operational in the coming months while Jet Airways<\/a> is likely to continue operations soon. The spiraling jet fuel costs are another major worry for the recovering aviation space.<\/p>\n\n\n\n

The latest churn in IndiGo’s top deck is the appointment of Pieter Elbers as the CEO. He will join the airline on or before October 1 this year while incumbent Ronojoy Dutta will retire on September 30.<\/em><\/p>\n\n\n\n

On May 4, the budget airline announced the stepping down of Chairman M Damodaran on attaining the age of 75 years. Now, InterGlobe Aviation, the parent of IndiGo, is chaired by Ventakataramani Sumantran.<\/p>\n\n\n\n

Gaurav Negi was appointed as the CFO with development on March 29 following the resignation of Jiten Chopra. The announcement of the change of guard on May 18 at the airline also arrives against the backdrop of the denial of boarding of a specially-abled child by IndiGo staff at Raipur airport on May 7, an incident for which aviation regulator DGCA <\/a>has given a show-cause notice to the carrier.<\/p>\n\n\n\n

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Jet Airways | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

When Bhatia took over as the Managing Director, he told his agenda would be transformational and he would focus on expanding the airline’s presence in India and international markets and building for the long term.<\/p>\n\n\n\n

Also, read <\/strong><\/p>\n\n\n\n