Kingfisher Airlines’ executive vice president, Ramki Sundaram has resigned from the post, reports Mint. The reason for his resignation from the post is not yet known. He will again join the London based, Investec Bank as its global head for mergers and acquisitions. He will also be the advisor for the bank’s aviation business.
Sundaram has an experience of more than 10 years of experience in the field of investment banking in the aviation sector. He was formerly the CFO Deccan Aviation, the parent company of Air Deccan, the country’s first low cost airline. He joined the company in 2007 and worked with it till it was acquired by Kingfisher Airlines.
DD Gandhi, the former vice president operation at Kingfisher also quit form the company earlier this month. Gandhi, who had joined the company in 2005, was one of the first employees of the air carrier.
Last week, Kingfisher hiked its fuel surcharge on tickets by 400 rupees across both long and short haul domestic routes. The company is reportedly looking to rollover around Rs 800 crore of its short term debt. It is also learnt to be finalizing the paper work for borrowing an additional Rs 1,500 crore from Indian public sector banks.
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