Sunday, December 05, 2021

Aviation veteran Fred Reid could helm Air India under Tata group

Air India’s new owners Tata Sons is considering appointing aviation industry veteran Fred Reid as the Chief Executive Officer of the airline and Nipun Aggarwal as the Chief Financial Officer, according to sources in the know.

Fred Reid has over 35 years of experience in the aviation industry. He has had stints as a president with Lufthansa German Airlines, COO & president of Delta Airlines, CEO of Virgin America, Senior Advisor to the CEO and Co-founder of Airbnb and currently is the president for Surf Air Mobility, among several other positions. Reid is not new to the Tata group and had worked as a resort manager at Taj Group of Hotels between 1974 and 1976.

In October this year, after an 18-month-long hustle, the Indian Government managed to sell Indian flag carrier, Air India, to the Tatas for ₹18,000 crore. Post this, the Tatas have started scouting for the right people to run Air India.

Aggarwal, who is being considered for the position of CFO is a senior vice president with Tata Sons at present having joined the group in April 2017. He has been spearheading the strategy and M&A segment for the steel, Infrastructure, and defence cluster. He has worked with Standard Chartered Bank, Merrill Lynch, and Corporate Sector with L&T and BP plc in India and abroad.

05/12/21 Debangana Ghosh/Forum Gandhi/Business Line

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