Arvind Jadhav, the current Chairman and Managing Director, is being blamed for his inability to turn around the loss making airline. Moreover, there were three major strikes by employees and pilots of the airlines during his tenure.
Nandan, who is a 1982-batch (UP Cadre) IAS officer, will be supported by a management panel that will function in close coordination with the Ministry. The panel would be probably headed by Aviation Secretary Dr SNA Zaidi, along with two independent Directors and a Joint MD. Dr. Zaidi reported that Nandan's candidature is a strong possibility and he is amongst the people who are being considered for the post. The official announcement is expected very soon.
However, the airline claims that although they are financially unstable but still are operationally sound. In the last three years, the airline has witnessed improvements in areas like load-factor, revenue-passengers and capacity utilization.
The company reported in its presentation, "The passenger load factor, which indicates the efficiency of utilizing seat capacity, has improved from 59.5 percent in 2008-09 to 66.7 percent in the year 2010-11."