Mumbai / New Delhi: Ramki Sundaram, executive vice-president at Kingfisher Airlines Ltd and former chief executive officer of Deccan Aviation Ltd, has resigned.
He will return to London-based Investec Bank (UK) Ltd in July as global head for mergers and acquisitions and an adviser to its aviation business.
Tight-lipped: Ramki Sundaram confirmed the development, but declined to give any details about his reasons for quitting. Jadgeeshan NV / Mint
Sundaram confirmed the development but did not say why he quit.
Sundaram has been an investment banker in the aviation industry for at least a decade. He was instrumental in structuring aircraft sales and lease-back deals for Deccan Aviation, which ran Air Deccan, the country’s first low-fare airline, till it was acquired by and later merged with Kingfisher Airlines.
G.R. Gopinath, then managing director of Deccan Aviation, had brought Sundaram to India from London to take over as its chief financial officer in 2007. After the acquisition by Kingfisher Airlines, Sundaram was appointed chief executive of Deccan Aviation until the merger.
Kingfisher Airlines’ vice-president, operations, D.D. Gandhi, one of the carrier’s first employees, left the company earlier in June.
Gandhi had joined Kingfisher in 2005 after a year with Deccan Aviation to head the airline’s domestic and international expansion.