Tata Sons will have more control at Air Asia India after CEO Amar Abrol’s resignation on Wednesday.
While the official reason given was Abrol’s intention to spend more time with family at Malaysia, sources suggest that the process of removal had started months back after Tata Sons expressed reservation over his way of functioning. Air Asia India is a joint venture of Tata Sons and Air Asia in which the Tatas hold a majority stake. “Tatas are not happy, the airline is losing money despite being a low-cost carrier, though he had the support of Tony, it did not ...
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First Published: Thu, May 03 2018. 17:30 IST
