Situation analysis
IndiGo, the largest airline in India and one of the leading low-cost airlines globally, as per Skytrax, clocked a market share of 49% in India in April 2019, after the grounding of Jet Airways due to poor corporate governance. It had strengthened its lead in the Indian aviation market and had a clear mission to boost economic growth and social cohesion in India. But soon, multiple reports and interviews established sufficiently a dissonance between the two key promoters of the airline on its governance. This shook shareholder, consumer and employee trust, raised serious concerns on the airline's strategic...