India, March 10 -- Rahul Bhatia, the co-founder and MD of IndiGo, is set to oversee the airline's operations after CEO Pieter Elbers stepped down from his role with immediate effect, citing personal reasons.

In a statement on Tuesday, IndiGo said Bhatia would temporarily manage the affairs of the airline until a new leader is appointed. "Rahul Bhatia, Managing Director of IndiGo, shall in the interim assume management of the affairs of the airline until such time that the Company announces the arrival of a new leader," the airline said in a statement.

After assuming the role, Bhatia said, "Having founded and nurtured IndiGo for 22 years, I feel a deep sense of personal commitment and responsibility towards our nation, and towards the ai...