News: InterGlobe Aviation appoints three independent directors

Appointments

InterGlobe Aviation appoints three independent directors

A report carried out by Mint states that in April to June 2022 quarter, the aviation company posted a loss of ₹1,064 crore. InterGlobe Aviation or IndiGo share price finished at ₹1,978.70 apiece on NSE on Friday.
InterGlobe Aviation appoints three independent directors

At the 19th Annual General Meeting of the  InterGlobe Aviation, the parent company of IndiGo airlines, stakeholders approved the appointment of three independent directors. The appointment of Anil Parashar as a director was also approved by them. 

According to media reports, IndiGo told Indian bourses, “Appointment of Vikram Singh Mehta as an Independent Director of the Company by a Special Resolution. II. Appointment of Air Chief Marshall (Retd.) Birender Singh Dhanoa as an Independent Director of the Company by a Special Resolution. III. Appointment of Meleveetil Damodaran as a Non-Independent Non-Executive Director of the Company by a Special Resolution” has been made.

A report carried out by Mint states that in April to June 2022 quarter, the aviation company posted a loss of ₹1,064 crore. InterGlobe Aviation or IndiGo share price finished at ₹1,978.70 apiece levels on NSE on Friday.

According to other media reports, IndiGo has witnessed a growth and operated 133,582 departures in Q1-FY23, about 7.04% more than its last best of 124,798 departures in Q3-FY20.

Despite the initial loss in the first quarter of this fiscal year, hit by high fuel prices and adverse foreign currency movement, of the domestic market, IndiGo carried about 56.3% passengers alone. 

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Topics: Appointments, C-Suite, Leadership

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