11 October 2018 Current Affairs:
Sunil Bhaskaran, Tata Group veteran, has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of low-cost carrier AirAsia India with effect from November 15, 2018.
Mr.Bhaskaran was the vice-president, Corporate Services at Tata Steel. He has more than three decades’ experience in the fields of manufacturing, export and commercial operations with the Tata Group.
Mr.Bhaskaran is to oversee the next phase of expansion and growth of the company, AirAsia India. The airline is jointly owned by Tata Sons and Air Asia Bhd. AirAsia India has a market share of less than 5% and a fleet of 19 aircraft.