Natarajan Chandrasekaran, CEO of Tata Sons, has been appointed chairman of Air India, which the Tata Group regained control of after 69 years in January.
In February, Chandrasekaran was reappointed as Tata Son’s executive chairman for another five years.
- He joined Tata Sons’ board in October 2016 and was appointed Chairman for the first time in January 2017 following the acrimonious departure of former Chairman Cyrus Mistry.
- He also serves on the boards of several group operating companies, including
- Tata Steel,
- Tata Motors,
- Tata Power,
- and Tata Consultancy Services (TCS), where he served as CEO from 2009 to 2017.
Earlier this month, Ilker Ayci turned down Tata Group’s offer to lead the airline, citing “attempts” to cast his appointment in “unfavourable light.”
“My appointment as (CEO of) Air India within Tata Group was announced earlier this month, with an April 1 start date.”
Since the announcement, I’ve been sadly following news in some sections of the media in an attempt to colour my perception.
With a bid of Rs 18,000 crore, the Tata Group emerged as the winning bidder for 100% of Air India (including the airline’s 100% stake in budget airline Air India Express and 50% stake in ground handling firm AI-SATS) in October last year.
Tatas were to assume Rs 15,300 crore in debt and pay the government Rs 2,700 crore in cash out of this amount.
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