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IndiGo CEO Pieter Elbers resigns, co-founder Rahul Bhatia returns after flight crisis

Outgoing CEO Pieter Elbers built IndiGo into a $10-billion revenue enterprise, but his successes were laid to waste by an operational meltdown in December 2025.

Updated on: Mar 10, 2026 11:53 PM IST
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IndiGo CEO Pieter Elbers has resigned after a little over three years at the helm of India’s largest airline, and within three months of an operational crisis that nearly grounded Indian aviation. Rahul Bhatia, co-founder and managing director,has taken charge on an interim basis, with the promise to fix what’s broken.

IndiGo's outgoing CEO Pieter Elbers. (Bloomberg)
IndiGo's outgoing CEO Pieter Elbers. (Bloomberg)

“As per our conversation, due to personal reasons, I herewith submit my resignation from the position of CEO of IndiGo with effect from today. I would request that notice period may be waived off,” Elbers wrote in his resignation letter to Bhatia.

“It has been both an honour and privilege to serve as IndiGo CEO these past years, since September 2022, and being a part of the great IndiGo family, it's beautiful growth story and the steps we have made together in this.”

The resignation letter of IndiGo CEO Pieter Elbers shared by InterGlobe Aviation with the stock exchanges.

In a little over three years since Elbers took the helm in September 2022, IndiGo operator Interglobe Aviation Ltd. crossed the $10-billion revenue mark, expanded its fleet to over 440 aircraft, and placed a historic order for 500 Airbus A320-family planes.

Between December 3 and 5, IndiGo cancelled over 2,500 flights and delayed nearly 1,900 more, affecting over 300,000 passengers. The Directorate General of Civil Aviation imposed a record fine of 22.20 crore and issued show-cause notices to Elbers. While he initially survived calls for his resignation, the crisis significantly dented the airline's reputation for punctuality.

Rahul Bhatia returns

The IndiGo CEO resignation marks a comeback of sorts for co-founder Bhatia, especially in the absence of his other co-founder Rakesh Gangwal who resigned from the board of directors in February 2022.

IndiGo co-founder Rahul Bhatia.

“Having founded and nurtured IndiGo for 22 years, I feel a deep sense of personal commitment and responsibility towards our nation, and towards the airline’s customers, employees, shareholders and all other stakeholders,” Bhatia said in a media statement.

“While placing culture, service excellence and stakeholder trust at the forefront of its operations, IndiGo will continue to sharpen its strategic focus on serving India and her people with an airline that is professionally managed, operationally reliable and globally respected.”

ALSO READ | ‘Main Hoon Na’, Rahul Bhatia says as he returns to lead IndiGo

On Tuesday, IndiGo shares rose 3.46% to 4,382.45 apiece on the BSE even as the benchmark Sensex ended the day 0.82% higher at 78,205.98 points.

 
ABOUT THE AUTHOR
Tushar Deep Singh

Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.

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