N Chandrasekaran, Tata Sons chief, appointed as chairman of Air India

N Chandrasekaran, chairman of Tata Sons, has been appointed as the chairman of Air India by the airline’s board, aviation industry sources said on Monday.

Salt-to-software conglomerate Tata Group had on October 8 last year won the bid to acquire debt-laden state-run Air India by offering Rs 18,000 crore for it.

Tata Sons is yet to appoint the chief executive officer and managing director (CEO&MD) of Air India.

Sources said Chandrasekaran’s appointment as the chairman of the airline was cleared by its board last week.

The conglomerate had on February 14 announced that former Turkish Airlines chairman Ilker Ayci will be the CEO&MD of Air India.

On March 1, Ayci declined the Tata Sons’ offer stating that “some sections of the Indian media” have attempted to “colour” his appointment in an undesirable manner.

Ayci is considered to be close to Turkish President Recep Tayyip Erdogan, an ally of Pakistan, which led to a controversy once his appointment was announced.

While the airline has lucrative landing slots, debt-laden Air India faces an uphill task to upgrade its aging fleet and turn around its financials and service levels.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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