Indian-origin Nikhil Ravishankar named new CEO of Air New Zealand
Incidentally, Air India CEO and MD Campbell Wilson is from New Zealand.
"Currently the airline's Chief Digital Officer, Nikhil will officially take over as CEO on 20 October 2025. In the nearly five years that Nikhil has been at Air New Zealand he has gained a deep understanding of the aviation sector, and the airline. He has also led major advances in the airline's technology backbone, loyalty programme and customer proposition," Air New Zealand said in a statement on July 30.
Also Read: Air India, Air New Zealand forge new partnership
Ravishankar earlier held top roles at Vector and Accenture
Prior to joining the airline, Ravishankar was Chief Digital Officer at Vector and Managing Director of Accenture.
"I'm both thrilled and humbled to be given this opportunity to lead Air New Zealand... airlines are complex, and safety underpins every decision we make," he said in the statement.
Air New Zealand offers more than 400 flights a day to 49 domestic and international destinations. It has a fleet of more than 100 planes, including Boeing 777s, 787s, Airbus 320s, ATRs and Q300s, as per its website.
Meanwhile, Air New Zealand and Air India, in March this year, announced that they will explore the introduction of a direct service between the two countries by the end of 2028, subject to new aircraft deliveries and approvals from relevant government regulators.
Air India, Air NZ sign MoU for 16-route codeshare deal
Both airlines had also inked a Memorandum of Understanding (MoU) to boost air connectivity between India and New Zealand. Both airlines will have a new codeshare partnership on 16 routes between India, Singapore, Australia, and New Zealand.
"Customers will now be able to travel from the Indian cities of Delhi, Mumbai, Bengaluru and Chennai on Air India, and connect at Sydney, Melbourne or Singapore onto Air New Zealand-operated flights to Auckland, Christchurch, Wellington and Queenstown," Air India said in March.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
10 minutes ago
- India Today
Sensex tumbles 400 points: Why is the stock market falling today?
Benchmark stock market indices fell sharply in early trade on Tuesday as investor sentiment soured following renewed tariff threats from US President Donald Trump, who warned of penalties over India's continued oil imports from Tapse, Senior Vice President (Research) at Mehta Equities, had indicated that the markets may continue to see a 'subdued to weak opening' amid the lacklustre trend in Gift Nifty. advertisementWhile gains in other Asian indices could offer some support, Tapse warned that 'nervousness may persist' after Trump's fresh threat to hike tariffs on India. He noted that Nifty bulls are likely to remain hesitant below the 25,000 mark, and a close below 24,473 could deepen downside risks. It may be noted that investor anxiety intensified after Trump threatened to substantially increase tariffs on Indian goods in retaliation for India's ongoing crude oil purchases from Russia, part of a larger geopolitical flashpoint that now threatens trade VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, called the threat a 'big risk' to India-US trade relations. If implemented, he warned, such tariffs could have a cascading impact on India's exports to the US—particularly in sectors like textiles, pharmaceuticals, and engineering—and in turn drag down GDP growth and corporate earnings in FY26.'The market, still trading at elevated valuations, has not discounted such an eventuality,' Vijayakumar said. He added that India's strong response—calling the move 'unjustified and unreasonable'—indicates the government is unlikely to yield.'In the near term, markets are in uncharted territory and could react sharply if Nifty breaks its support at 24,500,' he said, advising investors to consider a partial shift to fixed-income assets as a geopolitical tensions and trade uncertainty dominating the narrative, analysts expect volatility to remain elevated throughout the week.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsTune InMust Watch
News18
18 minutes ago
- News18
Paytm Shares Drop 1% As Antfin Plans To Sell 5.84% Stake Worth Rs 3,803 Crore
Last Updated: Paytm shares dipped 1% intraday as Antfin plans to sell its 5.84% stake worth Rs 3,803 crore via a block deal. Paytm Share Price: Paytm shares on Tuesday morning saw a dip of 1 per cent intraday ahead of its promoter Antfin (Netherlands) Holding B.V. planning to sell its entire 5.84 per cent stake worth Rs 3,803 crore in the company via a block deal. According to Moneycontrol report, the proposed sale involved up to 3.77 crore equity shares out of the total remaining shares of 5.84 per cent. The floor price has been fixed at Rs 1,020 per share, which is a 5.4 percent discount to Paytm's last closing price of Rs 1,078.20 on August 4 on the NSE, the MC report added. The MC report confirmed that Citi and Goldman are likely to be onboarded as placement agents. Shares are expected to settle on August 6 on a T+1 basis. Antfin has been steadily reducing its stake in Paytm over the past two years. Its latest stake sale, worth Rs 3,803 crore, follows a series of earlier block deals — including one in August 2023, when it offloaded shares worth around Rs 1,371 crore. The ongoing sell-off reflects Antfin's strategy to lower its exposure and aligns with broader regulatory sentiment concerning long-term Chinese-origin investors. Paytm's scrip was trading at Rs 1066.40 apiece with a fall of 1.09 per cent, against the previous close at Rs 1,078.20 apiece. The scrip opened at Rs 1,067.60 apiece. There has been a substantial recovery in Paytm shares in the past one year. The shares are up 113 per cent to above Rs 1000 apiece. Shares hit a record low after the RBI's action to ban Paytm payment bank due to regulatory compliance issues. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
24 minutes ago
- Economic Times
India plans Rs 20,000-crore Export Promotion Mission to offset US tariff impact, boost global trade
Synopsis India is set to launch a ₹20,000 crore Export Promotion Mission by September, aiming to protect exporters from global trade uncertainties. The initiative, driven by multiple ministries, includes measures for easy export credit, tackling non-tariff barriers, and promoting Brand India. This plan seeks to mitigate the impact of the US's 25% tariff on Indian goods and boost overall export competitiveness. TIL Creatives Representational New Delhi: India is looking to unveil a ₹20,000 crore long-term plan by September to shield its exporters from global trade uncertainties and fluctuations, officials said. A raft of measures aimed at facilitating easy access to export credit and tackling non-tariff barriers in overseas markets are being planned under the new Export Promotion Mission, the officials said. The government's initiative assumes significance in light of the commerce and industry ministry urging exporters to build and promote homegrown brands for coping with the 25% tariff levied by the US. "For the mission to operationalise as a scheme, more than ₹20,000 crore are required for the next five-six years. This is under consultation," said an mission is being driven jointly by the ministries of commerce and industry, micro, small and medium enterprises (MSME), and finance."The mission will implicitly help exports bound for the US, and wherever our exports go. We will have to close it by August so that it is operational by September," said the official cited above. Ecommerce Hubs The plan also involves elevating Brand India on the global stage on the lines of Japan, Korea, and Switzerland, supporting the setting up of ecommerce hubs, and developing districts as export centres."It will be positive if such a large fund can support our exports in these challenging times," said Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO).Washington has imposed an across-the-board 25% tariff on all Indian-origin goods, effective August 7, along with an unspecified penalty. India's rivals including Pakistan, Vietnam, Bangladesh and Turkey are in the 15-20% range. The steep duty could impact nearly half of India's exports of more than $85 billion annually to the mission will have five components - trade finance, non-trade finance dealing with regulation, standards and market access, better brand recall for Brand India, ecommerce hubs and warehousing, and trade MSME exporters, the plan is to offer fully or partially collateral-free loans with a cap on individual exporters and based on their credit history.
