Ramki Sundaram exits Kingfisher Airlines

Mumbai: Ramki Sundaram, executive vice-president at Kingfisher Airlines Ltd and former chief executive officer of Deccan Aviation Ltd, has resigned. He returns to London-based Investec Bank (UK) Ltd in July as global head for mergers and acquisitions and an adviser to its aviation business.

Reports say Sundaram has confirmed the development, though without comment.

Sundaram has been an investment banker in the aviation industry and was instrumental in structuring aircraft sales and lease-back deals for Air Deccan, the country's first low-fare airline, till it was acquired by and later merged with Kingfisher Airlines.

He was brought into Deccan Aviation in 2007 by Capt GR Gopinath, then managing director, to take over as its chief financial officer.

After the acquisition by Kingfisher Airlines, Sundaram was appointed chief executive of Deccan Aviation until the merger.