Arvind Jadhav named new Air India chairman

May 1st, 2009 - 7:58 pm ICT by IANS  

New Delhi, May 1 (IANS) The government Friday appointed Arvind Jadhav, a 1978 batch Indian Administrative Service (IAS) officer, as the chairman of the state-run National Aviation Co of India Ltd (NACIL).
He will take charge from E.K. Bharat Bhushan, who was heading the aviation company for an interim period after the government, unhappy with the performance of Air India, removed Raghu Menon from the post Monday.

Bhushan is a joint secretary and financial adviser in the civil aviation ministry.

The government is yet to decide on Menon’s new role. Currently, he is on long leave till late next month.

Jadhav has been appointed for a period of three years, the ministry of civil aviation said in a statement.

“His appointment will be from the date of his taking over charge and for a period of three years, or until further orders, whichever is earlier,” it said.

The change at the helm has come in the backdrop of falling market share of Air India even though it is going through a major fleet expansion programme to induct 111 new Boeing and Airbus aircraft over the next few years.

The company has already sought Rs.2,500 crore from the government in the form of equity and soft loan to finance the fleet expansion.

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