India plans action against IndiGo over flight cancellations to ‘set an example’
Summary
India plans strict action against IndiGo after over 2,000 flight cancellations due to crew shortages and regulatory breaches, causing passenger disruptions and market turmoil.
Key Points
- India plans strict action against IndiGo following over 2,000 flight cancellations this month due to crew shortages.
- The cancellations have stranded tens of thousands of passengers and caused significant passenger dissatisfaction.
- IndiGo's shares dropped nearly 17% in seven days, losing $4.3 billion in market value after the disruptions.
- India's aviation regulator has warned IndiGo's CEO and COO of potential penalties and suspensions due to regulatory violations.
