N Chandrasekaran, the chairman of Tata Sons, has been officially appointed as the chairman of Air India
The appointment was cleared at a board meeting held on Monday by Air India.
Alice GeeVarghese Vaidyan, former CMD of General Insurance Corporation, will also be inducted as an independent director on board, reported Economic Times on Monday.
The development comes days after former Turkish Airlines head Mehmet Ilker Ayci declined the Tata Group’s offer to be the chief executive officer and managing director of Air India as “some sections of the Indian media” have attempted to “colour” his appointment in an undesirable manner, PTI reported.
Chandrasekaran’s appointment comes after former Turkish Airlines chairman Ilker Ayci, earlier this month, declined the Tata Group’s offer to be the chief executive officer and managing director of Air India as “some sections of the Indian media” have attempted to “colour” his appointment in an undesirable manner. Tata Sons will soon announce a new CEO for Air India, the newspaper reported.
The Tata Group bought the debt-ridden state-owned Air India from the Central government in October last year. Tatas won the bid for Air India through competitive bidding for Rs 18,000 crore, including the cash component of Rs 2,700 crore. It took full control of the airline on January 27.
