Both Tata Sons and AirAsia Berhad of Malaysia hold 49 per cent each in AirAsia India while chairman S Ramadorai and director R Venkataramanan hold 1.5 per cent and 0.5 per cent, respectively. It is being reported that Tata Sons plans to buy the stake of Ramadorai and Venkataramanan and take its stake to 51 per cent in the airline.
Currently, Bhaskaran is the vice-president, Corporate Services at Tata Steel. He has more than three decades of experience in the areas of manufacturing, export and commercial operations with the Tata Group where he has held several positions. He is also on the Global Advisory Board of Social Accountability International (SAI), New York. He was with Tata International from 2001 till 2005.
The airline was has witnessed an upside down journey over last few months after CBI raided its offices and investigated one of its board of directors over allegations of having influenced the government to change the norms for flying international routes. Earlier, the airline had filed a case with the police claiming that its former CEO, Mittu Chandilya, had misappropriated funds. AirAsia aims to expand its wings in Indian aviation market by providing affordable airfares and improved customer experience. The airline recently announced Navratri sale where flight tickets are available from Rs 999 for a limited period.