Tata Group veteran Sunil Bhaskaran has been appointed as the Chief Executive Officer and Managing Director of low cost carrier AirAsia India with effect from November 15, 2018.
He will oversee the next phase of expansion and growth of the company, AirAsia India said in a statement. The airline, jointly owned by Tata Sons and Air Asia Bhd, has been without a CEO for the past six months.
Mr. Bhaskaran is currently vice-president, Corporate Services at Tata Steel. He has more than three decades’ experience in the fields of manufacturing, export and commercial operations with the Tata Group. “We are delighted to welcome Mr. Bhaskaran as the new CEO & MD of AirAsia India,” S. Ramadorai, chairman, AirAsia India, said. “With India’s aviation sector growing at a rapid pace, we are confident his extensive experience, ability to drive performance and work seamlessly with all stakeholders will be a great asset for AirAsia India. I am thankful to the Board and the shareholders [Tata Sons and AirAsia Bhd] for meeting with the shortlisted candidates in arriving at the unanimous selection of Mr. Bhaskaran,” he said.
AirAsia India has a market share of less than 5% and a fleet of 19 aircraft.
