- Shares of InterGlobe Aviation will be in focus after IndiGo CEO Peter Elbers resigned
- Elbers led IndiGo since 2022 and faced criticism over the 2025 operational crisis
- IndiGo reported losses of Rs 2,000 crore due to the December 2025 flight disruptions
Shares of Interglobe Aviation Ltd. will be in focus heading into trade on Wednesday, following the exit of IndiGo's CEO Peter Elbers due to 'personal reasons'.
A veteran in the aviation industry, Elbers had taken charge of IndiGo in 2022. He had notably faced a lot of flak over the airline's operational crisis in December 2025, which saw a series of flight disruptions with over three lakh passengers getting impacted.
The entire ordeal led to serious financial ramifications for IndiGo, which has totalled to Rs 2,000 crore, sources had exclusively told NDTV Profit.
IndiGo confirmed Elbers' exit through an exchange filing on Tuesday, confirming that the carrier's co-founder, Rahul Bhatia, will assume the management charge on a temporary basis.
In the wake of this management change at IndiGo, a slew of brokerages have come out with fresh notes, detailing whether or not Interglobe Aviation will be a good investment at current levels and whether or not Elbers' exit may have any ramifications in the company's growth prospects.
Brokerages on Interglobe Aviation
Jefferies on IndiGo
- Maintain Buy with TP of Rs 6140
- CEO Exit, Focus on Stability
- Under Elbers, IndiGo scaled up Int'l operations, initiated wide-body flying, & launched new customer propositions
- Historically, leadership transitions have been smooth, with founder oversight ensuring continuity
- Key watch out in near term would operational stability amid Middle East /crude turbulence, clarity on summer schedules, CEO succession clarity
HSBC on IndiGo
- Maintain Buy with TP of Rs 5860
- CEO resigns; don't expect strategic changes
- Company press release only cites personal reasons for Elbers' departure but December incidents likely the cause
- Bhatia likely to emphasize operational efficiency
UBS on IndiGo
- Maintain Buy with TP of Rs 5480
- CEO reset amid rival resetting prices
- Air India's move could reopen the room for fare hikes
ALSO READ: Pieter Elbers Resigns As IndiGo CEO Months After FDTL Row Crippled Operations
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