The friendship between Rakesh Gangwal and Rahul Bhatia dates back to 1985 when the two had first met at the Chicago headquarters of the United Airways. Some IndiGo board members may also question Gangwal next week on the nature of the “exclusive parleys” with engine maker Pratt & Whitney (PW) ahead of the airline’s latest engine order, said a report in The Economic Times.. Media reports said that InterGlobe Aviation's $20 billion agreement signed with CFM International may be the crux of the spat between the co-promoters. Gangwal worked for 10 years there, on the other hand, Bhatia looking after the operations of InterGlobe Technologies, which is into hospitality, travel and transportation space. Airline industry veteran Rakesh Gangwal is the richest Indian-American billionaire at a net worth of $3.3 billion according to a Forbes’ list of The World’s Billionaires released March 6. Some IndiGo board members may also question Gangwal next week on the nature of the “exclusive parleys” with engine maker Pratt & Whitney (PW) ahead of the airline’s latest engine order, said a report in The Economic Times.. Media reports said that InterGlobe Aviation's $20 billion agreement signed with CFM International may be the crux of the spat between the co-promoters.

Sooraj Ki Baahon Mein - Zindagi Na Milegi Dobara (2011) - (Full HD Song) - (Official Video Song)
The August 27 AGM is expected to see heated arguments, as founder-promoter Rakesh Gangwal has shot off yet another letter to Sebi, and made it public.

U.S. Airways' Gangwal, who has a nine-year-old daughter in a Virginia school, is similarly unimpressed: "I see what a typical fifth-grader is learning, and I think it is a bit of an embarrassment." The high-flying Rakesh Gangwal and his wife Shobha Gangwal paid $30 million for the 80,000-square-foot Miami Beach mansion. Photo: Ramesh Pathania/Mint How IndiGo’s Rakesh Gangwal became the king of the blue skies 10 min read. He says, as an afterthought, that the deal agreed upon at the last board meeting offers the other founder-promoter Rahul Bhatia more powers. The Miami resident made his fortune from InterGlobe Aviation, the parent outfit of budget airline IndiGo, India's largest by market share, the magazine says. Gangwal worked for 10 years there, on the other hand, Bhatia looking after the operations of InterGlobe Technologies, which is into hospitality, travel and transportation space. According to sources, Rakesh Gangwal and Rahul Bhatia, both holding almost the same equity share of 37-38% each, are at loggerheads over executive control of the airline.

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