Saturday, March 12, 2016

Tata Set to Select New AirAsia India CFO Amid Claims of Foreign Control

Tata Sons Ltd is likely to appoint a chief financial officer (CFO) for AirAsia India to silence critics that say the airline is controlled from foreign shores.

The new chief executive officer (CEO), who is in the process of being appointed, will, however, be an AirAsia Bhd nominee, according to a person familiar with the matter who asked not to be named.

The CEO will likely be of Indian origin, though, like incumbent managing director and CEO Mittu Chandilya, who is expected to leave the company, the person said.

The airline is also set to hire a new commercial head from a local airport firm, the person cited above added.
The new hires are part of the company's effort to replace the top team, most of which has left (or is leaving). It is also aimed at reviving the prospects of an airline that is floundering after its 2014 launch and which has come under fire for allegedly being controlled by AirAsia Bhd.
11/03/16 Tarun Shukla/Mcclatchy/AviationPros
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