1. Home >
  2. Export Import News >
  3. Economy News >
  4. Moving ahead! Troubled AirAsia India finally gets a CEO after six months – Sunil Bhaskaran >
  5. Moving ahead! Troubled AirAsia India finally gets a CEO after six months – Sunil Bhaskaran

Online Export Import Data Search

Complete Training Video : Click Here

Moving ahead! Troubled AirAsia India finally gets a CEO after six months – Sunil Bhaskaran.

Date: 11-10-2018
Subject: Moving ahead! Troubled AirAsia India finally gets a CEO after six months – Sunil Bhaskaran
After nearly six months of leadership vacuum, AirAsia India will have a new CEO and managing director in Sunil Bhaskaran, who will take charge from November 15, a company statement said on Wednesday.

Both Tata Sons and AirAsia Berhad of Malaysia hold 49% each in AirAsia India while chairman S Ramadorai and director R Venkataramanan hold 1.5% and 0.5%, respectively. Tata Sons plans to buy the stake of Ramadorai and Venkataramanan and take its stake to 51% in the airline.

Sources told FE that the next step would be to reconstitute the board, which is likely to see Tony Fernandes, group CEO, AirAsia Berhad, and Bo Lingam, deputy group CEO stepping down.

Bhaskaran’s appointment comes at a time when the airline and some of its executives are being investigated for alleged wrongdoing by the CBI. The agency in May filed a case against Fernandes and AirAsia India over allegations of corruption and breaking rules in obtaining a flying licence.

The CBI chargesheet accused the airline, some of its employees and third parties of violating foreign direct investment (FDI) rules for the aviation sector while obtaining the licence, and of allegedly bribing government officials in an attempt to get regulations relaxed to allow AirAsia India to fly international routes.

On its part, AirAsia India has refuted allegations of any wrongdoing.

Bhaskaran is a Tata Group veteran and currently is vice-president of corporate services at Tata Steel. He has over three decades of experience in the fields of manufacturing, export and commercial operations with the group.

Commenting on the new appointment, chairman Ramadorai said, “We are delighted to welcome Bhaskaran as the new CEO & MD of AirAsia India. 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 Bhaskaran”.

The previous CEO of AirAsia, Amar Abrol, had resigned in April.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 16-02-2019
Notification No.05/2019-Customs
seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, 1975 to impose basic customs duty of 200% on all goods originating in or exported from Pakistan.

Date: 15-02-2019
Notification No. 10/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.

Date: 15-02-2019
Notification No.11/2019 - Customs (N.T.)
Exchange Rates Notification No.11/2019-Custom(NT) dated 15.02.2019.

Date: 08-02-2019
Notification No. 8/2019 – Central Tax
Seeks to extend the due date for furnishing of FORM GSTR – 7 for the month of January, 2019 till 28.02.2019

Date: 07-02-2019
Notification No.09/2019 - Customs (N.T.)
Exchange Rates Notification No.09/2019-Custom(NT) dated 07.02.2019.

Date: 07-02-2019
Notification No. 4 /2019- Customs
Seeks to further amend Notification No. 08/2016- customs dated the 5th February 2016 to allow temporary importation of aircrafts, for the purposes of participation in Aero Show organised by the Central Government, without furnishing a bank guarantee or cash deposit.

Date: 06-02-2019
Notification No. 08/2019 - Customs (N.T.)
Amendment of CBLR 2018

Date: 04-02-2019
Notification No. 2/2019- Integrated Tax (Rate)
Seeks to rescind Sl. No. 10D of Notification No. 09/2017-Integrated Tax (Rate) dated 28.06.2017 in relation to exemption of IGST on supply of services having place of supply in Nepal or Bhutan, against payment in Indian Rupees.

Date: 01-02-2019
Notification No. 4/2019-Customs (N.T./CAA/DRI)
Appointment of Common Adjudicating Authority by DGRI-reg.

Date: 31-01-2019
Notification No. 07/2019 – Central Tax
Seeks to extend the due date for furnishing of FORM GSTR – 7 for the months of October, 2018 to December, 2018 till 28.02.2019.

Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001