Air India gets new CMD: Vikram Dev Dutt appointed in rank, pay of Additional Secretary, Civil Aviation Ministry
Senior bureaucrat Vikram Dev Dutt was on Tuesday named as the new Chairman and Managing Director of Air India.
Senior bureaucrat Vikram Dev Dutt was on Tuesday named as the new Chairman and Managing Director of Air India.
The Appointments Committee of the Cabinet (ACC) approved Dutt's appointment as the CMD of Air India in the rank and pay of an Additional Secretary in the Ministry of Civil Aviation.
At present, Dutt, a 1993 batch IAS officer, is based in his UT cadre. He succeeds Rajiv Bansal, who is currently the Union Civil Aviation Secretary.
"Shri Vikram Dev Dutt, lAS (UT:93), presently in the cadre, has been appointed Chairman and Managing Director, Air India Ltd, Ministry of Civil Aviation, in the rank and pay of Additional Secretary," ACC said in an order on Tuesday.
The appointment comes before the likely take-over of the airline's management by the Tata Group under the Centre's divestment programme.
Presently, Tata Group has entered into a share purchase agreement with the government for buying out the latter's stake in Air India, Air India Express and AISATS.
Tata Sons' subsidiary Talace emerged as the highest bidder for the national carrier under the divestment process.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Latest FD Rates: PSU bank pays these returns to senior citizens and other depositors on 1-year, 3-year and 5-year fixed deposits
Power of Rs 15,000 SIP: How long it will take to achieve Rs 7 crore corpus? See calculations to know
SIP Stock Pick For New Year 2025: Anil Singhvi recommends buying this largecap pharma stock on 10% dip
Shark Tank India Season 4: Social Media influencer Gaurav Taneja shocks sharks with his earnings, earns Rs 1 crore in 1 hour!
Largecap, Midcap Stocks To Buy: Analysts recommend buying L&T, Tata Motors, 3 other stocks for 2 weeks; check targets
SIP in Stocks For New Year 2025: Market guru Anil Singhvi recommends 1 largecap, 2 midcap scrips to buy in dips; note down targets
PPF vs SIP: Rs 12,000 monthly investment for 30 years; see which can create higher retirement corpus
09:53 PM IST