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Air Asia India, the joint venture between Tata Sons Ltd and Malaysia-based Air Asia Investment, is set for a major management revamp as it continues to face scrutiny from investigation agencies.
Tata Sons’ President Banmali Agrawala is expected to take over the reigns of AirAsia India as Chairman, replacing Subramanian Ramadorai.
At the board meeting on Wednesday, Agrawala’s appointment was discussed, but a final decision is still pending, sources said.
New CEO appointed
Meanwhile, the board approved the appointment of Sunil Bhaskaran as Chief Executive Officer and Managing Director with effect from November 15, to oversee the next phase of growth of the company.
Bhaskaran is currently Vice President, Corporate Services at Tata Steel. He has over three decades experience in manufacturing, export and commercial operations with the Tata group where he has held several senior positions. He is also on the Global Advisory Board of Social Accountability International (SAI), New York. He was with Tata International from 2001 till 2005.
“The airline is trying to infuse some fresh blood into the system to get back on its feet,” said a source close to the development.
The airline was been facing rough weather in last few months after CBI raided its offices and investigated one of its board of directors over allegations of having influenced the government to change the norms for flying international routes. Earlier, the airline had filed a case with the police claiming that its former CEO, Mittu Chandilya, had misappropriated funds.
AirAsia still has the position of commercial head lying vacant after Kiran Jain moved to a different role. The CEO position itself had been lying vacant for a few months now as Amar Abrol, resigned after spending just over two years in the company. Previous CEO Mittu Chandilya resigned from the company within three years after claiming that he was frustrated with micro-management by the Malaysian parent.
AirAsia India, a joint venture between the Tata Sons and AirAsia Bhd, is focused on expanding its presence in the Indian aviation market by providing affordable airfares and improved customer experience. The airline recently announced the induction of its 19th aircraft in its fleet.
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