New Delhi: Tata Sons will be headed by N Chandrasekaran. President of Air India, People say that his appointment was approved in the board meeting in Delhi on Monday.
Former CMD of General Insurance Corporation Alice Gevarghese Vaidyan will be inducted on the airline’s board as an independent director.
AI founder JRD Tata remained at the head of the airline for decades after its nationalisation. He was the president till February 1978 when the Morarji Desai government removed him from the post.
In 1982, the Indira Gandhi government re-appointed JRD to the board of Air-India (as then spelled with hyphens). His successor Ratan Tata was AI President from 1986–87 to the early 1990s.
Now after 32 years, the head of the Tata Group is again the captain of AI with the Maharaja in the group awaiting a change in the hands of the founder along with his passengers.
Chandra’s priority is to get a professional CEO for the airline, who can then hire a team of top-notch aviation personnel to turn the fortunes of Air India – seen as one of the most challenging changes in contemporary aviation. .
Industry insiders warned that Tata should not make the same mistake the government made when it came to running AI.
“Under the control of the government, with a few respectable exceptions – uninvited bureaucrats who had little or no knowledge of aviation – run airlines. The lack of professionals running AI ruined it. We AI Let’s be nostalgic about the JRD era but that was then. Tata’s second stint in aviation, beginning with the AirAsia India joint venture in 2014 and then Vistara a year later, has not been profitable so far The people sitting at the helm of the Tata JV are not dressed in the colors of aviation professionals and the impact is visible,” said an old-timer, who did not wish to be named.
The formerly state-run airline’s wait to get an aviation giant as CEO continues as Turkish Airlines’ former chairman Ilkar Ayci recently declined the AI MD and CEO position.
A new CEO – likely to be finalized soon – is expected to form a team of professionals with a proven track record in aviation.
“Chandra (as the chairman is known) is taking a personal interest in the airline. He has been taking detailed presentations from all the board members since last week,” say officials.
Outlining Tata’s vision for the airline he founded, Chandra recently promised AI to be a world-class airline in both customer service, technology, fleet, network and “the best possible hospitality in flight”. to which he is entitled. and out of flight. All these will require a team of top notch experts.
“AI will quickly have to become a more attractive option to prevent foreign airlines from turning away their bubble-time passengers by evening using its core strengths of medium/long and ultra-long haul international direct connectivity in terms of cabin comfort. be taken advantage of. In the domestic segment, IndiGo – with a very low cost base – has around 55% market share,” said an industry insider.
With regular international flights starting March 27, people will again have the option of taking one-stops through nearby hubs to fly between India and the rest of the world.
The bubble system – from March 23, 2020 to end on March 26, 2022 – means fewer flights by foreign airlines.
DGCA data shows that in the last pre-pandemic quarter, October-December 2019, Indian carriers accounted for 39.2% of international travel to and from India, while foreign carriers accounted for 60.8%. The share of AI (11.5%) and AI Express (7.3%) was 18.8%. On a standalone basis, IndiGo had the highest international market share.
The latest pandemic time DGCA is for July-September 2021 when the share of Indian carriers increased to 48.1% and that of foreign carriers fell to 51.9%.
The combined share of AI (14.5%) and AI Express (11.8%) increased by 40% to 26.3% during this period. And on a standalone basis, AI had the highest international market share.
Former CMD of General Insurance Corporation Alice Gevarghese Vaidyan will be inducted on the airline’s board as an independent director.
AI founder JRD Tata remained at the head of the airline for decades after its nationalisation. He was the president till February 1978 when the Morarji Desai government removed him from the post.
In 1982, the Indira Gandhi government re-appointed JRD to the board of Air-India (as then spelled with hyphens). His successor Ratan Tata was AI President from 1986–87 to the early 1990s.
Now after 32 years, the head of the Tata Group is again the captain of AI with the Maharaja in the group awaiting a change in the hands of the founder along with his passengers.
Chandra’s priority is to get a professional CEO for the airline, who can then hire a team of top-notch aviation personnel to turn the fortunes of Air India – seen as one of the most challenging changes in contemporary aviation. .
Industry insiders warned that Tata should not make the same mistake the government made when it came to running AI.
“Under the control of the government, with a few respectable exceptions – uninvited bureaucrats who had little or no knowledge of aviation – run airlines. The lack of professionals running AI ruined it. We AI Let’s be nostalgic about the JRD era but that was then. Tata’s second stint in aviation, beginning with the AirAsia India joint venture in 2014 and then Vistara a year later, has not been profitable so far The people sitting at the helm of the Tata JV are not dressed in the colors of aviation professionals and the impact is visible,” said an old-timer, who did not wish to be named.
The formerly state-run airline’s wait to get an aviation giant as CEO continues as Turkish Airlines’ former chairman Ilkar Ayci recently declined the AI MD and CEO position.
A new CEO – likely to be finalized soon – is expected to form a team of professionals with a proven track record in aviation.
“Chandra (as the chairman is known) is taking a personal interest in the airline. He has been taking detailed presentations from all the board members since last week,” say officials.
Outlining Tata’s vision for the airline he founded, Chandra recently promised AI to be a world-class airline in both customer service, technology, fleet, network and “the best possible hospitality in flight”. to which he is entitled. and out of flight. All these will require a team of top notch experts.
“AI will quickly have to become a more attractive option to prevent foreign airlines from turning away their bubble-time passengers by evening using its core strengths of medium/long and ultra-long haul international direct connectivity in terms of cabin comfort. be taken advantage of. In the domestic segment, IndiGo – with a very low cost base – has around 55% market share,” said an industry insider.
With regular international flights starting March 27, people will again have the option of taking one-stops through nearby hubs to fly between India and the rest of the world.
The bubble system – from March 23, 2020 to end on March 26, 2022 – means fewer flights by foreign airlines.
DGCA data shows that in the last pre-pandemic quarter, October-December 2019, Indian carriers accounted for 39.2% of international travel to and from India, while foreign carriers accounted for 60.8%. The share of AI (11.5%) and AI Express (7.3%) was 18.8%. On a standalone basis, IndiGo had the highest international market share.
The latest pandemic time DGCA is for July-September 2021 when the share of Indian carriers increased to 48.1% and that of foreign carriers fell to 51.9%.
The combined share of AI (14.5%) and AI Express (11.8%) increased by 40% to 26.3% during this period. And on a standalone basis, AI had the highest international market share.