Mittu Chandilya to become AirAsia India Managing Director

Mittu Chandilya to become AirAsia India Managing Director

AirAsia India is likely to entrust the additional responsibility of Managing Director to current Chief Executive Officer Mittu Chandilya in its first management revamp since commencing operations in June last year.

The no-frills carrier, which has put on hold its fleet expansion plan amid stiff competition, is also likely to name a new Chief Financial Officer. The incumbent CFO Vijay Gopalan has put in papers sometime back and the airlines is in the process of finding a suitable replacement for him.

“Our CFO, Vijay Gopalan has decided to resign for personal reasons.... We, through our Board of Directors, are already in the process of identifying a suitable replacement for this critical position,” AirAsia India said in a statement.

The carrier is embarking on a major management restructuring exercise in the days to come, sources said.

Under the rejig, Chandilya — who has been the CEO since the carrier’s inception — is expected to be elevated as Managing Director in addition to his current responsibility.

AirAsia India is a three-way joint venture in which AirAsia Berhard owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia’s Telestra Tradeplace.

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