News Nation Logo


AirAsia India’s Managing Director and CEO Mittu Chandilya has quit?

Media Was Abuzz Today With Reports Saying No-frills Carrier AirAsia India’s Managing Director And CEO Mittu Chandilya Has Quit.

PTI | Updated on: 12 Feb 2016, 12:20:01 PM

New Delhi :

Media was abuzz today with reports saying no-frills carrier AirAsia India’s Managing Director and CEO Mittu Chandilya has quit.

However, reports could not independently be confirmed.

The media reports said Chandilya has put in papers amid differences over management issues.

While repeated calls and messages to Chandilya went unanswered, an AirAsia India spokesperson declined to comment.

Chandilya, who was appointed as CEO in 2013, was elevated as managing director in August last year. The carrier started operations in June 2014.

The airline is a three-way joint venture in which AirAsia Berhad owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia’s Telestra Tradeplace.

In December last year, Bhatia had expressed unhappiness over the state of affairs at the budget carrier, saying decisions are being taken by its Malaysian parent AirAsia.

“If you ask the CEO (of AirAsia India) what is happening, he says sir what can I do? I don’t have any information, everything is controlled by Malaysia, that is the situation today,” he had said.

Amid stiff competition and tough market conditions, AirAsia India saw its net loss widening to nearly Rs 65 crore in the 2015 September quarter.

For all the Latest Business News, Companies & Commodities News, Download News Nation Android and iOS Mobile Apps.

First Published : 12 Feb 2016, 12:17:00 PM