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Gangwal, in keeping with his February 2022 announcement of a near-complete exit from the airline in five years, has been paring his stake at regular intervals.

Peace talks bring relief to the Emirates, but there’s still a ways to go before full-scale recovery.
A drop in employee costs, despite the need to hire pilots under the new DGCA norms, raises fresh concerns about IndiGo’s staffing, and its vulnerability to a December 2025-scale disruption.
From airspace closures to fuel shocks, external factors expose deeper vulnerabilities at the Tata Sons-Singapore Airlines carrier.