DGCA Demands ₹50 Crore Bank Guarantee from IndiGo for Systemic Reforms

• DGCA has ordered IndiGo to deposit a ₹50 crore bank guarantee and pay a ₹22.20 crore penalty for operational and systemic reforms.
• The reform plan, named IndiGo Systemic Reform Assurance Scheme (ISRAS), divides the ₹50 crore guarantee into four pillars.
• Pillars include 'Leadership and Governance' (₹10 crore), 'Manpower Planning, Rostering, and Fatigue-Risk Management' (₹15 crore), 'Digital Systems and Operational Resilience' (₹15 crore), and 'Board-Level Oversight and Sustained Compliance' (₹10 crore).
• IndiGo has specific timelines (3 to 15 months) to meet standards for each pillar, with the bank guarantee for each pillar to be returned upon certification.
• The initiative aims to enhance safety, operations, and passenger experience across the Indian aviation sector.

Why It Matters: DGCA mandates a ₹50 crore bank guarantee from IndiGo to ensure comprehensive operational and systemic reforms.