IndiGo shares jump 8% after India's largest airline names industry veteran William Walsh as CEO
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Walsh, 64, is currently the director general of the International Air Transport Association and will join the Indian airline in early August.
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Shares of InterGlobe Aviation, which runs India's largest airline IndiGo, rose more than 8% Wednesday, a day after it named industry veteran William Walsh as its new chief executive. Walsh, 64, is currently the director general of the International Air Transport Association and will join the Indian airline in early August. Walsh has served as the CEO of British Airways. His appointment comes weeks after Pieter Elbers suddenly stepped down as IndiGo's top boss following scrutiny over the carrier's failure to plan properly for pilot rest and duty rules, which led to thousands of flight cancellations in December. IndiGo commands nearly 65% of India's aviation market share, while Air India is a distant second at about 27%, according to data from the country's aviation regulator. Walsh's experience of "managing large-scale airline operations and navigating complex market dynamics make him ideally suited to strengthen and lead IndiGo for continued growth," said Vikram Singh Mehta, IndiGo's chairman, in an exchange filing on Tuesday. Walsh has also served as CEO of IAG, the parent company of British Airways, Iberia, Vueling, Aer Lingus, LEVEL, IAG Loyalty and IAG Cargo. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcasts Careers Help Contact News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us Ad Choices Privacy Policy Your Privacy Choices CA Notice Terms of Service © 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company. Data...
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