The appointment is part of a senior management rejig at the company that creates a power centre at the overseas subsidiary.
Shares of Interglobe Aviation, the airline’s parent, fell 2.29% to end the day at Rs 1,181.75 on the BSE, underperforming the benchmark Sensex that closed 0.46% lower.
The airline has also tried explaining its decision of firing the employee who shot the video of the incident and letting off the ones actually involved in the scuffle with just warning letters.
The stock of the publicly listed holding company Interglobe Aviation, slipped as much as about 2% to Rs 1182.9 during morning trading on the Bombay Stock Exchange.
The incident happened on October 15. The video shows the passengers Rajiv Katiyal who has just deplaned from a Chennai-Delhi and is about to board a shuttle to the airport terminal.
The first of such initiatives is likely to be a proposal for a centre of research on water conservation in Maharashtra, said Smith.
The delivery of three B777-300 ER planes is scheduled to be completed in February next year, with two expected to be bought in January.
This is the first time when Pieter Elbers, the chief of KLM Royal Dutch Airlines, has in specific terms mentioned the joint venture and how close the airlines are to forming it.
Some planes were grounded for several months, leading to flight cancellations by the hundreds, said people with knowledge of the matter.
The subsidiary of the diversified conglomerate Mahindra & Mahindra had reported a profit after tax of Rs 60 crore for 2016-17.
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