Senior IAS Officer Pradeep Singh Kharola Is The New Chairman And MD Of Air India

| December 11 , 2017 , 15:55 IST

Senior IAS officer Pradeep Singh Kharola from Karnataka cadre assumed charge of Air India as the Chairman and Managing Director on Monday, replacing the interim CMD Rajiv Bansal. Kharola was previously the Managing Director of Bangalore Metro Rail Corporation. The appointment comes as the government is in the process of finalising the strategic disinvestment of the national carrier.

In late August, Ashwani Lohani, the then CMD of Air India had been posted back to the Railway Board as its chairman and Rajiv Bansal, an IAS officer from Nagaland cadre serving as an additional secretary in the Petroleum Ministry was appointed as the interim Air India CMD.

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The new CMD of Air India, Kharola is a 1985 batch Karnataka cadre Indian Administrative Service (IAS) officer hailing from Dehradun, Uttarakhand. He was given additional charge of the post of additional chief secretary to tourism department, government of Karnataka in 2015.

Since the formation of Bangalore Metropolitan Transport Corporation in 1997, Kharola has been its managing director and also held the post of chairman of Karnataka Urban Infrastructure Development and Finance Corporation in 2013.

Air India has been bogged down by heavy debts, which stood at Rs 52,000 crore as of June 2017 with Rs 22,000 crore as aircraft loans and the remaining as working capital loans and other liabilities. The National carrier Air India is seeking further loans of Rs 1,100 for modification of two of its Boeing aircrafts for ferrying VVIPs, news agencies reported.