IndiGo Faces Govt Wrath, $4.5B Loss After Mass Flight Cancellations

• IndiGo's market value dropped by $4.5 billion after mass flight cancellations.
• The Indian government signaled strict action against IndiGo following widespread disruptions.
• Cancellations were primarily due to a pilot shortage caused by new staff rest rules.
• Aviation Minister stated actions will be taken to set an example for the sector.
• DGCA issued a show-cause notice to IndiGo CEO Pieter Elbers for "significant lapses."

Why It Matters: Government's strict action against IndiGo sets a precedent for airline accountability.