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The kerfuffle over stock options for IndiGo's boss


The kerfuffle over stock options for IndiGo’s boss
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Rahul Bhatia and Rakesh Gangwal, joint promoters of the company that runs India’s top airline IndiGo, have been at odds in recent years over various points of business practice. But one thing they evidently agree upon is InterGlobe Aviation Ltd’s compensation package for its chief executive officer (CEO) Ronojoy Dutta, who took charge in January 2019 and led the carrier through a severe bout of post-covid turbulence. Last year’s big disruption left the company with a net loss of over ₹4,659 crore in the first nine months of 2020-21, as reported, far worse than its ₹247 crore loss on revenues of about ₹35,756 crore in 2019-20. In those three quarters, Dutta was paid ₹8.2 crore, including a committed bonus of ₹3.75 crore. This payout, a clear drop from his previous year’s total of ₹17 crore, was widely taken as par for the course, apparently, but what prov ....

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Aerospace & Defense 2021: An Introduction | Aviation Week Network


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Credit: NASA concept
Imagine it is 2025. After five years, air travel has recovered to beyond pre-COVID-19 levels, resuming its historical growth trajectory. Airbus is finalizing the key technical decisions for a mid-2030s’ zero-emissions airliner, and Boeing is developing its first new commercial aircraft since the 737 MAX returned to service.
The first small hybrid-electric and hydrogen fuel-cell aircraft are reducing emissions on short routes in environmentally sensitive regions. Electric air taxis are shuttling passengers between airports and business centers, and the first regional air-mobility networks are taking shape.
Remotely piloted cargo aircraft are connecting regional warehouses and distribution centers, keeping the e-commerce juggernaut humming. Medical drones are speeding between hospitals and laboratories, pharmacies and communities as the year’s coronavirus vaccines are deployed. ....

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