"Next (after Chandilya), Arun Bhatia could move out. They (other promoters) are in the process of negotiating (buying out his stake) with him," a source who did not want to be named, claimed. Calls to Bhatia were unanswered.
On Friday, the market was abuzz with rumours that the hand-picked chief of the joint venture low-fare airline of Tatas, Malaysia's AirAsia Bhd and Telestra Tradeplace Pvt Ltd would not be renewing his contract that expires in March.
Though, there was no official confirmation on the same. Chandilya's mobile phone was unreachable when dna tried to contact him. A text message sent to his phone was unanswered.
The company's spokesperson also said they would not "deny or confirm" the speculation that has gripped the aviation market.
"We have no official information on it (Chandilya's exit). I'm neither denying nor confirming it," she said.
13/02/16 Daily News & Analysis