NEW DELHI: Beginning January 1, 2023, Aloke Singh, CEO of Air India Express, will lead Air India's low-cost airline division.
AirAsia India and Air India Express will be part of the Low-Cost Carrier (LCC) industry. Air India made arrangements earlier last month to complete the purchase of a 100% ownership stake in AirAsia India (AAI) and to subsidise it under Air India.
The two constituent airlines will continue to have the full complement of regulatory post-holders until the merger is complete, according to an internal communication from Campbell Wilson, CEO and Managing Director of Air India, but for the time being, a single CEO will provide the clarity and singular accountability required to navigate the process.
Moreover, Sunil Bhaskaran, the current CEO of AirAsia India, will be in charge of the airline's new initiative: an aviation training academy.
Singapore Airlines (SIA) and Tata Sons (Tata) recently reached an agreement to combine Air India and Vistara. As part of the deal, SIA invested S$360 million (Rs 20,585 million/$250 million) in Air India.
As part of its transformation plan Vihaan.AI, Air India has set up a thorough roadmap with distinct milestones that is focused on dramatically expanding both its network and fleet, creating a completely redesigned customer proposition, enhancing dependability and on-time performance, and assuming a leadership role in technology, sustainability, and innovation while making aggressive investments in the best available talent.
Indigo surpasses 55.7% market share after Vistara, Air India
Qantas expands its Freight Capacity to Pre-Covid Level ahead of Christmas
IndiGo seeks final DGCA approval before wet leasing B777 aircraft
IndiGo issues advisory, passengers to reach airport 3.5 hours early