Singapore Airlines CEO set to join board of Air India
AVIATION & AIRPORTS

Singapore Airlines CEO set to join board of Air India

Following the dissolution of Vistara, Singapore Airlines (SIA) has nominated its chief executive officer, Goh Choon Phong, as its representative on the board of Air India, people familiar with the matter said. Additionally, PB Balaji, group CFO at Tata Motors, is also joining the airline's board, the people said. The appointments will be taken up and approved by the Air India board after the civil aviation ministry gives its consent to SIA's investment into Air India, which will give it a 25.1% stake in the airline. Vistara, a joint venture of SIA and Tata Group, is being merged into Air India effective 12 November. "We can confirm that SIA will have a seat on the Air India board once the transaction has been completed. Our board nominee will be announced at the appropriate time," said a spokesperson for SIA. Air India did not respond to ET's queries. The board of Air India is slated to hold a meeting to discuss key areas on the way forward post the official merger of the airlines, the people said. Goh joined SIA in 1990 and has held senior management positions in various divisions in Singapore and overseas, ranging from marketing to information technology to finance and cargo. Goh is also the chairman of Budget Aviation Holdings Pte Ltd, which oversees SIA's low-cost subsidiary Scoot. Balaji, who joined Tata Motors in November 2017, also got noted for his contributions in steering the financial turnaround of Tata Motors. Tatas will have the pilot's seat in Air India with key management roles being appointed by the salt-to-steel conglomerate. SIA will send its officials for deputation in flight operations and engineering. Meanwhile, Hamish Maxwell, a SIA employee who headed flight operations for Vistara, has been appointed as chief operating officer at Air India Express- the low-cost arm of Air India. "SIA will send some more officials on secondment to Air India as the airline grows its multi-hub strategy," a person aware of the process said. The two airlines finalised their merger plan in November 2022. Tatas had sought approval from SIA to bid for Air India on the agreement that the latter would get a stake and position on board of Air India. Tata Group has merged Vistara into Air India for operational and cost efficiencies. Through this merger, the Air India group will have a combined market share of 29% in the Indian market, giving SIA a strong presence in one of the world's fastest growing aviation markets. SIA's multi-hub strategy includes having equity partnerships in airlines in different countries as the domestic market of Singapore is negligible. "Our multi-hub strategy is really to enable us to participate directly in the growth in that particular region or country, in a way that we cannot do if we are just based in Singapore. Vistara operates 11 international points from India. Singapore Airlines will never be able to operate from India to domestic India, nor to so many international points from India," Phong had earlier said, justifying SIA's investment in India.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Following the dissolution of Vistara, Singapore Airlines (SIA) has nominated its chief executive officer, Goh Choon Phong, as its representative on the board of Air India, people familiar with the matter said. Additionally, PB Balaji, group CFO at Tata Motors, is also joining the airline's board, the people said. The appointments will be taken up and approved by the Air India board after the civil aviation ministry gives its consent to SIA's investment into Air India, which will give it a 25.1% stake in the airline. Vistara, a joint venture of SIA and Tata Group, is being merged into Air India effective 12 November. We can confirm that SIA will have a seat on the Air India board once the transaction has been completed. Our board nominee will be announced at the appropriate time, said a spokesperson for SIA. Air India did not respond to ET's queries. The board of Air India is slated to hold a meeting to discuss key areas on the way forward post the official merger of the airlines, the people said. Goh joined SIA in 1990 and has held senior management positions in various divisions in Singapore and overseas, ranging from marketing to information technology to finance and cargo. Goh is also the chairman of Budget Aviation Holdings Pte Ltd, which oversees SIA's low-cost subsidiary Scoot. Balaji, who joined Tata Motors in November 2017, also got noted for his contributions in steering the financial turnaround of Tata Motors. Tatas will have the pilot's seat in Air India with key management roles being appointed by the salt-to-steel conglomerate. SIA will send its officials for deputation in flight operations and engineering. Meanwhile, Hamish Maxwell, a SIA employee who headed flight operations for Vistara, has been appointed as chief operating officer at Air India Express- the low-cost arm of Air India. SIA will send some more officials on secondment to Air India as the airline grows its multi-hub strategy, a person aware of the process said. The two airlines finalised their merger plan in November 2022. Tatas had sought approval from SIA to bid for Air India on the agreement that the latter would get a stake and position on board of Air India. Tata Group has merged Vistara into Air India for operational and cost efficiencies. Through this merger, the Air India group will have a combined market share of 29% in the Indian market, giving SIA a strong presence in one of the world's fastest growing aviation markets. SIA's multi-hub strategy includes having equity partnerships in airlines in different countries as the domestic market of Singapore is negligible. Our multi-hub strategy is really to enable us to participate directly in the growth in that particular region or country, in a way that we cannot do if we are just based in Singapore. Vistara operates 11 international points from India. Singapore Airlines will never be able to operate from India to domestic India, nor to so many international points from India, Phong had earlier said, justifying SIA's investment in India.

Next Story
Building Material

Concrete Roof Leaks? Here's Your DIY Guide to Waterproofing and Repair

Monsoon rains in India are a blessing for many, bringing much-needed relief from the scorching summer heat. However, they also bring challenges, especially for homeowners. Concrete roofs are susceptible to leaks, seepage, and dampness, which can cause significant damage if not addressed promptly.The monsoon season in India can be both a boon and a bane. While it replenishes water bodies and nourishes crops, it also poses severe challenges for homes. Constant exposure to heavy rains can lead to:Roof Leaks: Water seeping through cracks and pores in the concrete, leading to dripping ceilings and ..

Next Story
Real Estate

Museum of Memoirs

The Smritivan Earthquake Memorial Museum in Bhuj, Gujarat, has been honoured as one of the world’s seven most beautiful museums globally by UNESCO’s Prix Versailles Award for Architecture and Design. Smritivan (Forest of Memories) is the first museum in India to receive international recognition for its adherence to local culture, environmental conservation and sustainable practices. These annual awards honour exceptional architecture and design on a global scale with categories spanning different sectors such as airports, campuses, passenger stations, sports facilities, museums, emporiums..

Next Story
Infrastructure Urban

CE industry: Need 200,000 operators annually

As India undertakes transformative infrastructure projects, the need for a skilled workforce is more critical than ever. While the construction industry is a major economic contributor, it faces challenges in workforce development, especially with a significant portion operating informally and lacking formal training. CONSTRUCTION WORLD and Equipment India organised a panel discussion featuring industry leaders discussing the urgent need for skilling in the construction equipment sector. Here are some highlights.Growing demand for skilled labourThe construction and engineer..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000