New Delhi: Eight months after taking over the reins of AirAsia India as CEO, Amar Abrol has been appointed managing director of the no-frills airline in addition to the current role.
AirAsia India, a joint venture between Tatas and Malaysia’s AirAsia Berhad, flies to 11 destinations. The airline recently came into focus after ousted Tata Sons chairman Cyrus Mistry alleged fraudulent transactions worth Rs22 crore took place at the carrier. The airline today said the decision was taken at its board meeting held on 29 November.
“I would like to congratulate Amar on being unanimously chosen by the AirAsia India Board to become the MD in addition to his current role as the CEO. Amar joined the airline at the most opportune time eight months ago; together with his enthusiastic team of Allstars, Amar has propelled the airline towards its growth trajectory,” AirAsia India chairman S.Ramadorai said in a release.
Abrol, who has over two decades of experience in different markets including Hong Kong, Singapore, the UK and Malaysia, was appointed as CEO in April 2016. At the end of October, AirAsia India had a market share of 2.7% and carried 2.36 lakh passengers that month.
Last month, Abrol told PTI that the airline would continue to make investments and expand fleet size to 10 in the current financial year. It has eight aircraft. “We will have around 1,000 people, hopefully by March… Things are looking good and we continue to invest in India,” he had said.
Following Mistry’s allegation, AirAsia India, on 31 October, had said that probe is going on against certain former executives for “irregular personal expense claims” and other charges. In the airline, Tata Sons owns 49% while two of the airline’s directors—S.Ramadorai and R.Venkataramanan—have 2% shareholding, and the remaining is with AirAsia Berhad.