IndiGo shares surge on leadership change. India's largest airline appointed William Walsh, former British Airways CEO and current director general of the International Air Transport Association, as its new chief executive effective early August. The stock jumped over 9% on the announcement. Walsh's appointment follows the sudden departure of previous CEO Pieter Elbers last month, who faced criticism over operational failures that caused thousands of flight cancellations in December. IndiGo controls nearly 65% of India's domestic aviation market. The carrier has also been impacted by geopolitical disruptions affecting regional airspace. Moody's-backed rating agency ICRA recently placed IndiGo's credit rating on negative watch due to expected pressure from Middle East conflict escalations.
