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 âas its new chief executive.
Walsh, 64, is currently the director general âof 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 âas 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 âcancellations in December.    Â
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.
