Boeing

BA

US0970231058

Aerospace & Defense

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India's Akasa Air says co-founder Iyer leaving airline

Published on 02/11/2026 at 03:00 am EST - Modified on 02/11/2026 at 03:40 am EST

Reuters

BOEING

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INTERGLOBE AVIATION LIMITED

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India's Akasa Air says co-founder Iyer leaving airline

NEW DELHI, Feb 11 (Reuters) - Indian airline Akasa Air said on Wednesday its co-founder and chief commercial officer, Praveen Iyer, will be leaving in April, at a time when the firm is navigating delayed Boeing jet deliveries.

Iyer will be succeeded by Anand Srinivasan, another co-founder and the chief information officer, Akasa said, without offering more details.

It marks the second high-profile departure at the airline in recent months, following the exit of Neelu Khatri, another co-founder, last year.

Akasa Air started commercial operations in 2022 in the intensely competitive domestic airlines market, dominated by market leader IndiGo and Tata Group-backed Air India.

(Reporting by Abhijith Ganaparavam in New Delhi and Hritam Mukherjee in Bengaluru; Editing by Christian Schmollinger and Harikrishnan Nair)

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Company Profile

The Boeing Company is the worldwide leader in aeronautical construction. Net sales (including intragroup) break down by market as follows: - defense, space and security (46.3%): military aircraft and mobility systems (warplanes, helicopters, and air defense missiles), support services (logistics, engineering, maintenance and training services) and space equipment (satellites, launch pads, etc.); - commercial aviation (30.4%). In addition to commercial aircraft, the group supplies spare parts and offers technical support, maintenance and engineering services. The remaining sales (23.3%) are from services (logistics and supply management, engineering, maintenance, modification and training services, etc.), and commercial and private aircraft financing as well as aircraft equipment leasing activities. Net sales are distributed geographically as follows: the United States (53.8%), Asia (18.4%), Europe (12.8%), Middle East (7.8%), Canada (2%), Oceania (1.8%), Africa (1.8%) and other (1.6%).

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182,000

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Aerospace & Defense

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