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Akasa Air co-founder Praveen Iyer resigns as chief commercial officer

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Date
Company
Akasa Air
What it does
Low-cost commercial airline operator
Kind
People
Based in
Mumbai
Founded
2022
Sector
Mobility & Logistics

What they do

Akasa Air operates a commercial airline connecting domestic and international destinations with a growing fleet of aircraft

What happened

Co-founder and Chief Commercial Officer Praveen Iyer has resigned from the airline and will step down in April

Why it matters

Co-founder and Chief Information Officer Anand Srinivasan will take over the chief commercial officer role starting in May

The details

  • Akasa Air co-founder and Chief Commercial Officer Praveen Iyer has submitted his resignation from the airline.
  • He will remain with the company to ensure a smooth transition through April 30, 2026.
  • This departure marks the second high-profile exit of a co-founder in less than three years of operations.
  • Co-founder and Chief Information Officer Anand Srinivasan will assume the role of Chief Commercial Officer effective May 1.
  • The airline's IT function will temporarily report to Chief Financial Officer Ankur Goel while a search for a new chief information officer is underway.

The bigger picture

  • The exit follows a series of senior management departures over the preceding months, including co-founder Neelu Khatri.
  • The leadership reshuffle occurs as the airline scales up operations and expands its fleet following recent aircraft deliveries.

What happens next

  • The airline has initiated an executive search for a new chief information officer.

The deal

Type
people

Founders

  • Vinay Dube, Founder and Chief Executive Officer
  • Praveen Iyer, Co-founder and Chief Commercial Officer
  • Anand Srinivasan, Co-founder and Chief Information Officer

About Akasa Air

Customers
Travellers booking domestic and regional flights
How it makes money
Sells passenger air tickets and related travel services
What sets it apart
Emphasis on customer experience, safety, reliability, and newer aircraft

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