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Ronojoy Dutta appointed IndiGo CEO

IANS  |  Mumbai 

A day after InterGlobe Aviation-owned posted a 75 per cent fall in its third quarter profit, the appointed aviation industry veteran as its (CEO), with effect from Thursday.

The airline's board also approved the appointment of as the of the company.

The Board of Directors at its meeting on Thursday "approved the appointment of Ronojoy Dutta, as of the company with effect from January 24", the country's largest by market share said in a BSE filing.

The position was lying vacant for about nine months when resigned in April 2018 after a decade of piloting the

Dutta, an alumnus of and Harvard School, had recently joined the airline as a He was earlier the of ACO Investment, an investment advisory firm in the field of aviation and infrastructure.

The 67-year-old served as the of Air from 2005 to 2008 and of from 1999 till 2002. He led the board of every year from 1995 to 2002 in developing five year strategic plans.

Dutta has also served on the board of during 2003-2004 and from 1997 to 2005, the said.

On Wednesday, posted a 75 per cent fall in its third-quarter profit to Rs 190.89 crore due to high fuel prices and rupee depreciation. Profit in the year-ago quarter was Rs 762.03 crore. However, revenue from operations rose 28 per cent to Rs 7,916.22 crore.

"We have posted a profit of Rs 1.9 billion in a continued difficult environment and have grown our fleet by one aircraft a week for a 33 per cent capacity increase for the quarter. Very few airlines around the world have the operational resilience to absorb such rapid growth," had said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 24 2019. 17:36 IST