The government had announced Srivastava's appointment on December 19 for five years.
Srivastava is a 1984-batch Jharkhand-cadre IAS officer.
Raheja, a Board member (Planning), was in charge of the post since late August last year.
The post of chairman was lying vacant after the then UPA government terminated midway the six-month extension to the then chairman V P Aggarwal and gave additional charge to Alok Sinha, who was working as joint secretary in the Civil Aviation Ministry at that time.
The selection board had interviewed 10 senior officials including Srivastava for the post of AAI chairman on September 25 last year.
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