Air India: The Air India management has appointed Air India Express CEO Aloke Singh as the chief of Air India’s low-cost airline business from January 1, 2023. The Low Cost Carrier (LCC) business will consist of AirAsia India and Air India Express. Air India signed agreements to complete the acquisition of 100% shareholding in AirAsia India (AAI) and to subsidiarise it under Air India.
According to the internal communication, current AirAsia India CEO Sunil Bhaskaran will assume the leadership of a new initiative, an aviation training academy. After taking over loss-making Air India in January this year, Tata group has been working on consolidating its airline business. On November 2, Air India said an operational review process is underway to integrate budget carrier AirAsia India with Air India Express and the merger is likely to be completed by the end of 2023.
Important takeaways for all competitive exams:
- Air India Headquarters:New Delhi;
- Air India Founded: 1932, Mumbai;
- Air India Founder: J. R. D. Tata.