Scoot chief Wilson named Air India CEO
The chief executive officer of Singapore Airlines Ltd's budget unit is leaving to head Tata Groupowned Air India Ltd, taking on a role that a former Turkish Airlines chairman recently turned down after facing political opposition.
Campbell Wilson, 50, will leave Scoot Tigerair Pte on June 16 and will be replaced by Leslie Thng, who was until recently the CEO of Vistara-- an Indian joint venture between Tata and Singapore Airlines -- the city-state's flag carrier said in a statement on Thursday. Air India's board accepted the appointment, which is subject to requisite regulatory approval, the former state-run carrier said in a separate statement.
Wilson is taking up a challenging job of turning around a once-popular, money-losing carrier, which has seen its market share slump as a slew of budget airlines started offering cheap, on-time flights. The Tata Group was already burdened with majority stakes in two other airlines, Vistara and AirAsia India Ltd—
neither of which ever made money—before the purchase of Air India added a third airline brand to the group.
Wilson "is an industry veteran having worked in key global markets cutting across multiple functions," Natarajan Chandrasekaran, chairman of Air India, said in the statement. "Air India would benefit from his added experience of having built an airline brand in Asia."
The incoming CEO will also have to pare Air India's debt of Rs 15,300 crore ($2 billion), modernise its fleet and rationalise its routes. Under government control, Air India was known for a highly unionised workforce with a history of disrupting schedules for demands, and an ageing and mixed fleet of more than 150 aircraft, which, potentially, further complicates Wilson's job.