IndiGo Names Michael Whitaker as Independent Director

IndiGo announced today that subject to Regulatory and Shareholder approvals, IndiGo's Board of Directors appoints Mr. Michael Whitaker as an Independent Director.

Mr. Whitaker served most recently as Administrator of the U.S. Federal Aviation Administration (FAA), the U.S. agency in charge of air safety, efficiency, and the operation of the national air traffic system in the U.S.A. He resigned from the FAA in January of this year.

Rahul Bhatia, Managing Director of IndiGo, said, "Mike's deep and varied industry and government experience will contribute significantly to having an effective and diverse Board. His focus on efficiency, operations, air safety as head of the FAA will reinforce IndiGo's longstanding focus on operating at the highest levels. Also, his extensive experience in International Governmental Affairs will be hugely instrumental as IndiGo continues its global expansion."

"I am deeply honored to have the privilege of joining the Board of the world's fastest growing airline on its way to become a global aviation giant," Michael Whitaker said. "India is one of the world's great travel hubs with unlimited growth potential. I look forward to working with the Board to continue the growth of this world-leading Indian company."

Prior to his most tenure at the FAA, Mr. Whitaker held numerous roles in his 30-year aviation career, including, Chief Operating Officer at Supernal, the advanced air mobility division of Hyundai, Deputy Administrator at the FAA, and Senior Vice President Alliances, International & Regulatory Affairs at United Airlines. He began his aviation career as a lawyer with Trans World Airlines in New York.

Mr. Whitaker, a private pilot, holds a juris doctorate degree from Georgetown University Law Center in Washington, DC, and a Bachelor of Arts degree in political science from the University of Louisville.

Shares of InterGlobe Aviation Limited was last trading in BSE at Rs. 5558.00 as compared to the previous close of Rs. 5534.80. The total number of shares traded during the day was 17866 in over 4132 trades.

The stock hit an intraday high of Rs. 5570.00 and intraday low of 5482.15. The net turnover during the day was Rs. 98582028.00.

Source : Equity Bulls

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