Search for an Indian entity has begun because a foreign firm can’t hold more than 49% stake in the airline.
This comes weeks after former Shell CEO Vikram Singh Mehta resigned from the airline’s board as independent director and audit committee member.
Sanjay Kumar, an aviation industry veteran who played key roles in shaping the operations of India’s two top low fare carriers IndiGo and SpiceJet from ground up.
Ghosh, 43, saw more merit in joining hospitality startup OYO Hotels as its CEO.
Tata is set to exit AirAsia India and run the only full-service private airline, which is Vistara-plus-Jet.
Jet promoter Naresh Goyal could exit by selling stake to Tatas’ partner Singapore Airlines after merger.
Revenue for the airline grew 10 per cent to Rs 6,161 crore.
An average of 3 analyst estimates have pegged real losses at up to Rs 2k cr for the July-Sept quarter.
Employees at Air India Air Transport Services Ltd., the national carrier’s subsidiary for ground services have called for the industrial action after the airline refused to reinstate some sacked contract workers.
More than 50 pilots have resigned in the last couple of months with a notice period of just 48 hours.
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