Air India eyes Garuda Indonesia's former finance chief for CFO role

Air India has identified Kunduvara, who recently stepped down as finance chief at Indonesia's state-owned Garuda Indonesia, as a leading candidate for its chief financial officer position. The appointment would mark a significant move in the Indian carrier's efforts to address mounting financial pressures and operational challenges.

Kunduvara's potential recruitment comes at a critical juncture for Air India, which recorded a substantial financial loss in the previous fiscal year. The airline has undertaken sweeping reforms under its current leadership structure to return to profitability and strengthen its competitive position in the region's crowded aviation market.

The search for a new CFO reflects Air India's broader restructuring efforts aimed at improving corporate governance and financial discipline. Kunduvara's experience managing finances at a major Southeast Asian carrier could provide valuable expertise as Air India navigates current industry headwinds affecting regional aviation operations.

The appointment remains under consideration and has not yet been finalised. Air India's board has been evaluating several candidates as it seeks to position the airline for sustainable growth and operational efficiency.