Tata Group to retain Air India's top management
AVIATION & AIRPORTS

Tata Group to retain Air India's top management

According to a report, the Tata Group aims to swiftly consolidate its airline business. Sources mentioned in the report indicated that all senior executives currently serving at Air India are anticipated to retain their positions post-merger. It was reported that Campbell Wilson is set to continue in his role as the chief executive officer, while Nipun Aggarwal and Sanjay Sharma will remain in their positions as the chief commercial and transformation officer, and chief financial officer, respectively.

In contrast, Vistara CEO Vinod Kannan is expected to return to Singapore Airlines (SIA), his parent company. Since 2019, Kannan had been seconded to Vistara, where he served as the chief strategy officer for the joint venture between Tata Sons and SIA. Under the terms of the joint venture agreement, SIA retained the right to appoint the CEO of Vistara, while the Tata Group selected its finance chief.

While a majority of Vistara employees are slated to transition to the merged entity, certain positions may face elimination due to redundancies, as Air India has already filled similar roles. Air India has actively pursued recruitment efforts, attracting talent from other Tata Group companies and startups to revamp its operations. Additionally, some Vistara employees have already been reassigned to roles within Air India.

A source quoted in the report remarked, "Vistara has been a remarkable brand. The team has performed exceptionally well, but there is a broader objective to ensure continuity within the larger entity."

According to a report, the Tata Group aims to swiftly consolidate its airline business. Sources mentioned in the report indicated that all senior executives currently serving at Air India are anticipated to retain their positions post-merger. It was reported that Campbell Wilson is set to continue in his role as the chief executive officer, while Nipun Aggarwal and Sanjay Sharma will remain in their positions as the chief commercial and transformation officer, and chief financial officer, respectively. In contrast, Vistara CEO Vinod Kannan is expected to return to Singapore Airlines (SIA), his parent company. Since 2019, Kannan had been seconded to Vistara, where he served as the chief strategy officer for the joint venture between Tata Sons and SIA. Under the terms of the joint venture agreement, SIA retained the right to appoint the CEO of Vistara, while the Tata Group selected its finance chief. While a majority of Vistara employees are slated to transition to the merged entity, certain positions may face elimination due to redundancies, as Air India has already filled similar roles. Air India has actively pursued recruitment efforts, attracting talent from other Tata Group companies and startups to revamp its operations. Additionally, some Vistara employees have already been reassigned to roles within Air India. A source quoted in the report remarked, Vistara has been a remarkable brand. The team has performed exceptionally well, but there is a broader objective to ensure continuity within the larger entity.

Next Story
Infrastructure Energy

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

Next Story
Infrastructure Energy

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Next Story
Infrastructure Energy

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App