Senior IAS officer, Pradeep Singh Kharola has become the new chairman of the Air India CMO. Kharola, who is a cadre officer, is going to replace Rajiv Bansal, who was up till now serving as CMD for a little over 3 months. Bansal had been granted a three month extension when the this news was made known to the public. Pradeep is working as the Managing Director of Bangalore Metro Rail Corporation Ltd. Rajiv Bansal had taken the reigns of the position three months earlier, and had to replace Ashwani Lohani, who took office as the Railway Board officer.
Air India recieved a hefty loan of Rs 1500 crore from the Bank of India in order to meet the urgent capital after it tender came into considerable problems, a source from Airline India has said. There have been no response as to why the loan was needed specifically.
Air India has previously asked for a whopping Rs 3,250 crore loan as a tenure from its two lenders, Indusland Bank and Punjab National Bank.
There will be a lot of management issues to be solved as the chairman of Air India, as the authorities are still awaiting a reply for the aforementioned loan, but for now, congratulations are in order for Mr. Kharola.