New Southwest director backs leadership after making $100 million investment
Aerotime
OCTOBER 3, 2024
The new Southwest director and IndiGo co-founder Rakesh Gangwal has purchased 3.6 million shares in the airline, valued at over $100 million. Details surrounding the purchase were included in several Securities and Exchange Commission (SEC) filings published by Southwest on October 2, 2024. Gangwal purchased the shares on September 30, 2024, and October 1, 2024, in a significant sign that he has confidence in the Southwest leadership.
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