Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were ...

Bloomberg The wealthy Long Island resort of East Hampton is delaying the planned closing of its airport until May 17 after the Federal Aviation Administration (FAA) warned of flaws in the New York town’s efforts to reduce noise from air traffic. The town’s board had voted last month to shut the airport at the end of February and reopen it ...

Bloomberg The US said Russia has massed as many as 190,000 personnel — including troops, National Guard units and Russian-backed separatists – in and around Ukraine in what it called the most significant military mobilisation since World War II. Russia told the US that it has no plans to attack, and officials in Moscow have repeatedly dismissed US warnings about ...