Controversies, continuing losses, corner room changes. For AirAsia India, 2018 was no different from 2017. Its Chief Executive Officer Amar Abrol left following a disciplinary enquiry and the company had a hard time finding his replacement. Its image took a nosedive when the Central Bureau of Investigation accused chairman Tony Fernandes of bribing government officials for regulatory approvals.
The upshot of all this was a change in the dynamics of the company’s management. Tata Sons, the majority shareholder, is now playing a far more active role. For the first time, the CEO has been handpicked by Bombay House. Sunil Bhaskaran, a former Tata Steel honcho with experience in dealing with corporate affairs (read: dealing with government and regulators) has been appointed CEO. To streamline operations, it has roped in Sanjay Kumar, a veteran in Indian aviation, as chief operating officer. The airline has started a re-evaluation of its route network and is cutting the number of destinations to which it flies. This marks a major change from the days when, it was alleged, the company’s day-to-day operations were handled from AirAsia headquarters in Malaysia.
27/12/18 Arindam Majumder/Business Standard
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The upshot of all this was a change in the dynamics of the company’s management. Tata Sons, the majority shareholder, is now playing a far more active role. For the first time, the CEO has been handpicked by Bombay House. Sunil Bhaskaran, a former Tata Steel honcho with experience in dealing with corporate affairs (read: dealing with government and regulators) has been appointed CEO. To streamline operations, it has roped in Sanjay Kumar, a veteran in Indian aviation, as chief operating officer. The airline has started a re-evaluation of its route network and is cutting the number of destinations to which it flies. This marks a major change from the days when, it was alleged, the company’s day-to-day operations were handled from AirAsia headquarters in Malaysia.
27/12/18 Arindam Majumder/Business Standard
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