SES Blasts IndiGo Board for FDTL Non-Compliance, Governance Lapses

• InterGlobe Aviation board criticized by proxy firm SES for governance failure following FDTL crisis.
• SES alleges IndiGo's operational meltdown stemmed from compromising pilot fatigue norms (FDTL) to cut costs and maximize capacity.
• SES questioned the board's proactive measures, suggesting they knew about impending non-compliance but failed to act.
• SES also questioned potential SEBI disclosure violations regarding DGCA show-cause notices on "non-approved full flight simulators."
• SES urged DGCA to consider disgorgement of excess fares and penalties for FDTL violations, but cautioned against dismissing the board.

Why It Matters: It shows how corporate negligence impacts passenger safety and regulatory compliance.