Indigo shares jump 7% after India's largest airline names industry veteran William Walsh as CEO [CNBC]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: CNBC
Former British Airways CEO, Walsh is currently the director general ?of the International Air Transport Association. Indigo is one of a handful of airlines that are rerouting and canceling flights to avoid Pakistan's airspace. Shares of InterGlobe Aviation, which runs India's largest airline Indigo, rose more than 7%, 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. Before working with the IATA, Walsh was 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
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