Tata Steel takes over AirAsia, Sunil Bhaskaran appointed CEO

Low-fare airline AirAsia India Limited on Wednesday appointed Sunil Bhaskaran, vice president (corporate services) at Tata Steel Ltd, as its new managing director and chief executive officer.

The airline is also restructuring its board, with AirAsia group CEO Tony Fernandes and deputy group CEO Bo Lingam stepping down. According to reports, the airline is likely to  get Banmali Agrawala, who heads Tata group’s defence and aerospace business, as chairman, replacing S Ramadorai.

The restructuring implies the Tatas will manage the AirAsia India operations. This is for the first time that the airline’s top appointments are being done without consulting Fernandes.  Read More

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