Basil Kwauk Appointed New COO of Air India Starting January 2025

05 Dec 2024 CW Team

Air India announced the appointment of Captain Basil Kwauk as its new Chief Operations Officer (COO), effective January 2025. "Basil brings extensive expertise from his 25-year career at Singapore Airlines and Vistara. We are excited for his leadership as we embark on the next phase of our transformation," said Campbell Wilson, Air India's CEO, in an internal email reviewed by ET. Kwauk, a skilled pilot and mechanical engineer, has a diverse background in operating aircraft, from Airbus A319s to Boeing 787s. He will be relocating to New Delhi in the coming weeks. Captain Klaus Goersch, the current COO who has been instrumental in the airline’s merger, will step down at the end of December to take on a senior position in the United States, where he will be closer to his family. (ET)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

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Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..