Expat CEO to lead Air India; board to be reconstituted: Report

Mumbai/IBNS: Tata Sons has chosen a non-Indian CEO to head Air India and also shortlisted members for reconstituting the board of the acquired national career before it finally takes over in January 2022, media reports said.

Seven board members have been asked to resign. These include four functional directors, two government nominee directors, chairman, and managing director.

“The board of directors has to resign.. (before the transfer of control) takes place after the (last) board meeting of Air India,” the report quoted an airline official who requested anonymity.

Traditionally the chairman of Tata Sons is the chairman of all major operating companies in the group and it is likely to be so for Talace, too, which houses Air India, the report said.

Formal announcements in this connection with this will be made in January 2022 the officials told Economic Times.

Talace Ltd which houses Air India and Air Asia is working on a financial plan for working capital requirements.