New Delhi: AirAsia chief Tony Fernandes has selected the chief executive officer (CEO) for the joint venture airline he proposes to launch here with the Tatas and Telstra Tradeplace. "I have selected our CEO for AirAsia India. Very smart boy from the south, Madras. An amazing CV. A real winner. That will bring new meaning to competition," Fernandes tweeted on Tuesday, a day before the Foreign Investment Promotion Board (FIPB) meets to decide the application for the proposed JV airline.
By appointing an Indian as the CEO, Fernandes has shown compliance with the FDI norms for foreign airlines in India that mandate the chairman of a JV under the new rules should be an Indian citizen. Similarly two-thirds of the directors should also be Indians.
05/03/13 Saurabh Sinha/Times of India