Aloke Singh to be chief of Air India's Low Cost Carrier business
Earlier, last month, Air India signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiarise it under Air India.
The Air India management has appointed Air India Express CEO Aloke Singh as the chief of Air India's low-cost airline business from January 1, 2023.
The Low Cost Carrier (LCC) business will consist of AirAsia India and Air India Express.
Earlier, last month, Air India signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiarise it under Air India.
As per an internal communication, Air India CEO and Managing Director Campbell Wilson said that the two constituent airlines will continue to have the full complement of regulatory post-holders until the merger is complete but, for now, a single CEO will provide the clarity and singular accountability necessary to navigate the process.
Moreover, current AirAsia India CEO Sunil Bhaskaran will take charge of an aviation training academy, the new initiative of the airline.
Recently, Singapore Airlines (SIA) and Tata Sons (Tata) agreed to merge Air India and Vistara, with SIA investing S$360 million (Rs 20,585 million/$250 million) in Air India as part of the transaction.
As part of its transformation plan Vihaan.AI, Air India has put into place a detailed roadmap with clear milestones focussing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability, and innovation, while aggressively investing behind the best industry talent.
Also Read | Joe Biden approves more military aid as Ukrainian counterpart visits Washington
Click Here For Latest Updates On Stock Market | Zee Business Live
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
IPL Auction 2025 Free Live Streaming: When and where to watch Indian Premier League 2025 mega auction live online, on TV, Mobile Apps, and Laptop?
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
09:04 AM IST