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Sources say that the Air India CEO search has narrowed down to Singapore Air executive Kannan and insider Aggarwal.

Two sources who have direct knowledge of this matter say that Vinod Kanan, the Singapore Airlines CEO and Air India's Nipun Aggarwal, the commercial head of Air India are the frontrunners for the position of new CEO at Air India.

This suggests that the search for the next CEO of India's second largest airline is close to completion. New Zealander Campbell Wilson announced last month that he resigned from the airline due to its persistent losses and regulatory scrutiny.

One source said that the board of 'Tata Sons', the majority owners of the airline is currently discussing both names. There has not been a final decision and another candidate could emerge as the frontrunner.

Tata Sons' spokesperson did not respond to a comment request. Air India refused to comment. Aggarwal and Kannan did not reply to text messages seeking a comment.

Singapore Airlines owns a quarter of Air India. The rest is owned by Tata Sons.

Air India's choice of a CEO is made at a critical time. The airline is facing heavy losses, increased regulatory scrutiny following a fatal crash last year and operational disruptions caused by the Iran War, which has?driven up costs and compounded effects of Pakistan’s airspace restriction.

In April last year, Pakistan banned Indian carriers in its airspace following tensions between the two neighbours.

Kannan was the CEO of Vistara - the joint venture between Tata Airlines and Singapore Airlines - before it merged with Air India.

Kannan is a seasoned aviation professional who began his career in 2001 with Singapore Airlines. He has since held various roles within the airline.

Aggarwal began working for Air India in 2022, after Tata Sons acquired the airline from the Indian government. According to Air India, he played a "key role" in the transformations of several Tata Group Companies between 2017 and 2020.

He has also worked as an investment banker with Bank of America Merrill Lynch.

(source: Reuters)