CURRENT AFFAIRS

Detailed explanation-1: -Aviation industry veteran Peiter Elbers assumed the charge of Indigo’s chief executive officer on September 6, over three months after he was announced as the replacement for outgoing CEO Ronojoy Dutta. Elbers, the former chief executive of KLM Royal Dutch Airlines, was named as the next CEO by IndiGo on May 18, 2022.

Detailed explanation-2: -Mr. Pieter Elbers is an airline business leader with over 30 years’ experience in aviation. Prior to joining IndiGo in early September 2022, he was the President & Chief Executive Officer of KLM. He started his career at KLM in 1992 as Manager Aircraft loading.

Detailed explanation-3: -JB Singh is the President and CEO of InterGlobe Hotels (IGH). Under his leadership, IGH saw a pivotal change with deep cultural impact, which has translated into significant improvement in investment and operating benchmarks for the organization.

Detailed explanation-4: -InterGlobe Aviation, the parent company of Indigo on Friday reported 1000 per cent rise in net profit to ₹1422.6 crore for the December 2022 quarter. This is against a net profit of ₹129.79 crore in the year ago period.

Detailed explanation-5: -IndiGo, India’s largest airline with over 50 percent market share, is also the world’s seventh largest in terms of daily departures. Currently, the airline operates more than 1,600 daily flights and has a domestic market share of more than 57 per cent.