Air India appointed Bharat Bhushan as interim chairman and managing director to replace only a year in charge old chairman. Bharat Bhushan is the Joint Secretary and Financial Advisor at the Ministry of Civil Aviation, will take charge with immediate effect until government appoints new head at National Aviation Company Of India which is Air India’s parent company. The appointment was confirmed in a statement but a no reason was provided for the change. It has been found from sources that Menon got replaced due to differences with civil aviation minister. It has been also known through various news papers that the news centered around the slow pace of integration with Indian Airlines, the carrier that merged with Air India in 2007 to form NACIL.
The company has also been under financial crisis, with some reports depicting that they needed more money from the government to pay for its operations and new Boeing and Airbus passenger aircraft which is being ordered before the merger. An opposition by Menon to a proposed joint venture with Singapore Airport Terminal Services (SATS) for ground handling can be one of the possible reasons as well.
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