Just days after Southwest Airlines finally settled its differences with activist hedge fund Elliott Management, the carrier has made a unique move, one which sends multiple different signals to investors, the market, and the hedge fund with which it had been dueling all summer. Today, Southwest Airlines announced that Rakesh Gangwal, the founder of Indian low-cost behemoth IndiGo, would be appointed as the new independent Chair of the Board of Directors, according to Airline Economics.
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