Two senior AirAsia India executives resign

Two senior AirAsia India executives resign

Two senior AirAsia India executives resign

AirAsia India is seeing senior level churn with two more exits, including that of flight operations in-charge, amid stiff competition.

Sources said Captain Sumant Misra, Director of Flight Operations and Captain Jamshed Menon, Chief Pilot Operations, recently put in their papers at the carrier.
When contacted, AirAsia India CEO Amar Abrol confirmed the two officials have resigned.

Misra, who put in his papers a few months ago would be relieved of his duties soon, while Menon recently resigned, Abrol said in an e-mailed statement to PTI.
The AirAsia India chief also thanked the two executives for their contribution and support to the airline.

"Exits are a part and parcel of all businesses including the airline sector where all of us deal with each exit in our own way. The number of exits that we have seen is way below industry standards," Abrol said in the statement.

Abrol also said the airline has been conducting road shows across the country, recruiting pilots as part of expansion plans.

In March, the carrier had announced the quitting of then CEO Mittu Chandilya -- who was at the helm since the airline started operations in 2014.

The budget carrier, which currently has seven aircraft, has been grappling with stiff competition and its market share stood at 2.2 per cent in July.

In the three months ended June, the airline's net loss narrowed to Rs 20.36 crore while revenues rose to Rs 189 crore during the same period.

"During the quarter (ended June 2016), AirAsia India posted a smaller net loss of Rs 203.63 million (narrowed by 56 per cent Year-on-Year)," AirAsia Berhad said in a release earlier this week.

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