Tuesday, January 18, 2022

Vikram Dev Dutt appointed Air India chief

The Centre on Tuesday appointed senior IAS officer Vikram Dev Dutt as the Chairman and Managing Director of Air India to preside over the handing over of the national carrier to Tata Sons, which has bought it.

Dutt's appointment is part of a bureaucratic reshuffle effected by the Narendra Modi government in the top bureaucracy.

A 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre, Dutt is presently Principal Secretary (Health) in Delhi government and was handling the Covid-19 containment measures in the national capital. He has been appointed as the Air India chief in the rank and pay of Additional Secretary.

The government had on October 8 last year announced the Tata Sons' Special Purpose Vehicle M/s Talace Pvt Ltd as the buyer of Air India after bidding Rs 18,000 crore. The losing bid of SpiceJet Chairman and Managing Director Ajay Singh quoted Rs 15,100 crore.

The government was hoping to close the transaction by December-end after issuing the Letter of Intent (LOI), signing of the Share Purchase Agreement (SPA) and regulatory approvals. However, there has been a delay and it is now expected to complete soon.

18/01/22 Shemin Joy/Deccan Herald

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