IndiGo operator, InterGlobe Aviation, falls 2% after Chief Commercial Officer quits

New Delhi, June 26, 2018: He would be replaced by William Boulter. Kumar, who has been associated with the no-frills carrier for the last 12 years

Shares of InterGlobe Aviation, the operator of IndiGo airlines, fell around 2 percent as investors turned cautious of a top level exit in the carrier.

The stock has touched an intraday high of Rs 1,195.00 and an intraday low of Rs 1,163.00.

IndiGo said its Chief Commercial Officer Sanjay Kumar is leaving the airline and would be replaced by William Boulter. Kumar, who has been associated with the no-frills carrier for the last 12 years, has put in his papers to pursue other career interests, IndiGo said in a release.

 His resignation would be effective from July 15. Boulter, currently the airline’s Chief Strategy Officer, would be taking over from him.

“The last 12 years at IndiGo has been the most satisfying and rewarding experience of my career,” Kumar said according to moneycontrol.com.

IndiGo’s Interim CEO Rahul Bhatia said Kumar’s contribution has been very significant “in getting us to the level we are today”.

In April, the carrier had announced the stepping down of Aditya Ghosh as its President and Whole Time Director.

The airline, which has a fleet of over 160 aircraft, on an average operates more than 1,000 flights every day.

At 14:29 hrs Interglobe Aviation was quoting at Rs 1,173.95, down Rs 10.75, or 0.91 percent, on the BSE.

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