Flytech Aviation Academy Cessna 152 Trainer Aircraft Crashed in Telangana’s Nalgonda on Saturday, February 26

Flytech Aviation Cessna 152 Trainer Aircraft Crashed in Telangana’s Nalgonda on Saturday, February 26

A Trainee  Aircraft Crashed in Telangana’s Nalgonda on Saturday, February 26. The Female Trainee Pilot, identified as 28-year-old 

Capt G Mahima from Tamil Nadu, died in the crash. The details of other people on board are yet to be known. 

The Aircraft – a Flytech Aviation Academy  Cessna 152 – had taken off from Macherla in the Guntur district of Andhra Pradesh. It is believed that it hit an electric pole before crashing to the ground.

The Aircraft came crashing down in the fields between Chelakurthi and Thungathurthy village limits. It was flying across the Andhra Pradesh-Telangana border and crashed in an agricultural field in Tungaturthi village of Nalgonda district in Telangana.

The Aircraft belonged to a Private Aviation Academy called Flytech Aviation Academy. The victim, G Mahima, was pursuing a Commercial Pilot course at the institute.

Farmers who were working in their fields at Tungaturthi village of Peddavoora Mandal noticed the Aircraft crashing down in the fields and rushed to it. They tried to douse the fire and rescue the Pilots on board. Further rescue operation is on.

Eyewitnesses said they saw the Aircraft coming from Nagarajuna Sagar’s side, crashed and exploded in the fields. “When we rushed to the spot, we saw bodies in them,” they said. DGCA’s accident investigation team has inspected the crash site and will submit its report on findings soon.

https://www.flying-crews.com/2022/02/flytech-aviation-academy-cessna-152.html

IndiGo Co-Founder Rakesh Gangwal Quits From InterGlobe Aviation Ltd Board

IndiGo Co-Founder Rakesh Gangwal Quits From InterGlobe Aviation Ltd Board

Bengaluru, Feb 19 

IndiGo Co-Founder Rakesh Gangwal has resigned from the board and plans to reduce his stake in the IndiGo Airline over the next five years.

InterGlobe Aviation Ltd  (INGL.NS) said in an exchange filing on Friday. 

 Rakesh  Gangwal hold a 35 percent stake in the parent company, while another Co-Founder and Managing Director Rahul Bhatia, and his family hold around 38 percent, giving the two a prominent place in career strategy.

The two had a spat in early 2020 when Rakesh  sought to modify certain rules in the company's Association of Associations.

A Non-Executive Director, Rakesh Gangwal alleged violations of Corporate Governance rules at the Parent group and wanted to remove an article that prevented Co-Founders from buying publicly listed shares in InterGlobe and Potentially the rest of the company. Used to trigger an open offer for parts.

In December last year, the parent company's shareholders approved changes to the articles of association, including eliminating rules that prohibited the sale or transfer of shares to a third party.

He  had been a long-term shareholder in the company for more than 20 years and it is only natural to think of diversifying his holdings someday," 

Rakesh Gangwal said in a letter to the board of InterGlobe Aviation Ltd.

Rakesh  said he was stepping down immediately because he did not want to have access to unpublished price-sensitive information while he began to reduce his stake in the InterGlobe Aviation Ltd  Company.

An American and Aviation industry veteran, Rakesh has spent many years in senior roles at United Airlines Inc and US Airways, while Rahul Bhatia works on the ground in India.

@IndiGo Co-Founder @Rakesh Gangwal Quits From InterGlobe Aviation Ltd Board

https://bit.ly/3s0rVEc

#IndiGo #Co-Founder #RakeshGangwal #Quits#InterGlobe #Aviation#Board

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