Who is Praveen Iyer? Akasa Air co-founder quits in second high-level exit in 3 years

Praveen Iyer, co-founder and Chief Commercial Officer of Akasa Air, has resigned, marking the second significant leadership departure from the airline in three years. His exit raises questions about the stability of the airline's management as it works to establish itself in the competitive Indian aviation market. Iyer played a crucial role in shaping Akasa Air's commercial strategies and was integral to its executive committee. Launched in August 2022, Akasa Air aimed to offer affordable air travel while prioritizing innovative customer experiences. The airline, founded by billionaire investor Rakesh Jhunjhunwala, has faced challenges in its early stages, including navigating regulatory hurdles and competition from established players. Iyer's departure comes at a time when Akasa is striving to expand its fleet and route network, highlighting the need for strong leadership to guide the airline through its growth phase. As the aviation sector in India continues to recover post-pandemic, the focus will intensify on how Akasa Air adapts to these challenges and ensures effective management continuity amidst high-profile exits.