Don’t miss the latest developments in business and finance.

AirAsia India chief Mittu Chandilya quits: Reports

The media reports said that he has put in papers amid differences over management issues

Mittu Chandilya
Press Trust of India New Delhi
Last Updated : Feb 11 2016 | 10:03 PM IST
Media was abuzz on Thursday with reports saying no-frills carrier AirAsia India's MD and CEO Mittu Chandilya has quit.

However, reports could not independently be confirmed.

The media reports said Chandilya has put in papers amid differences over management issues.

Also Read

While repeated calls and messages to Chandilya went unanswered, an AirAsia India spokesperson declined to comment.

Chandilya, who was appointed as CEO in 2013, was elevated as managing director in August last year. The carrier started operations in June 2014.

The airline is a three-way joint venture in which AirAsia Berhad owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia's Telestra Tradeplace.

In December last year, Bhatia had expressed unhappiness over the state of affairs at the budget carrier, saying decisions are being taken by its Malaysian parent AirAsia.

"If you ask the CEO (of AirAsia India) what is happening, he says sir what can I do? I don't have any information, everything is controlled by Malaysia, that is the situation today," he had said.

Amid stiff competition and tough market conditions, AirAsia India saw its net loss widening to nearly Rs 65 crore in the 2015 September quarter.

More From This Section

First Published: Feb 11 2016 | 9:57 PM IST

Next Story