Analysts see risks in a prolonged dispute -- even after Asia’s biggest discount carrier by market value posted record profit last week. While local media reports have suggested the owners may be negotiating a truce, neither Bhatia, whose holding company owns 38% of the airline, nor Gangwal, who with affiliates holds 37%, was available for comment.
Read how a fight between two billionaire co-founders is threatening to hurt one of the world’s most successful airlines >>
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Read how a fight between two billionaire co-founders is threatening to hurt one of the world’s most successful airlines >>
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