Wednesday, August 31, 2016

Amar Abrol to be new CEO of AirAsia India

New Delhi: Amar Abrol will be the CEO of AirAsia India (AAIPL) from next month as incumbent Mittu Chandilya has chosen not to renew his three-year contract. Chandilya, along with AAIPL's 10% stakeholder Arun Bhatia of Telestra Tradeplace, have complained that the Tata-AirAsia JV airline is totally dominated by the Malaysian partner.

TOI had first reported Chandilya's decision of leaving AAIPL on February 11.

Trying to counter this allegation, AirAsia chief Tony Fernandes has applied for an Overseas Citizen of India card (OCI) last week as his father hailed from India. AirAsia holds 49% in the JV with Tata Sons having 41% and Bhatia the remaining 10%.

Sources close to Chandilya had said that "AAIPL is completely run by parent AirAsia, which takes decision on vital issues like network planning and revenue management". Bhatia also threatened to take the company to court on this issue

Abrol has been with Tune Money (a startup that delivers low-cost financial products in Southeast Asia) and spent 19 years with American Express. AAIPL also announced the appointment of Ankur Khanna as CFO and Kiran Jain as head of commercial business.
31/08/16 Brandwire/Economic Times
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