3 September 2020: In a recent announcement by Air Works, Dr. Haseeb A. Drabu has joined the five-member board of Air Works as an independent director. He is a noted economist, a policy maker and has advised several institutions and corporates on issues such as macro and monetary policy, banking and finance operations, fund management, corporate investment, and governance advisory. His work a member of GST council in India is well known. Prior to joining Air Works he was the Finance Minister Jammu & Kashmir. However his appointment is subject to the receipt of all requisite government and regulatory approvals, including security clearance.
Commenting on his appointment, Dr. Haseeb A. Drabu said, “I see Air Works, as a model enterprise, not only for the Indian aviation ecosystem of which it is a quintessential part, but for business in general. The company has had a rich legacy, and a richer brand equity build on performance and values. As such, notwithstanding the on-going circumstances, it is uniquely positioned to be the key player in making India an MRO hub. I am keen to engage with other members of the Board and the Air Works’ management to help realize their collective vision and ambition.”
Dr. Drabu has also been the Chairman and Chief Executive of the J&K Bank Ltd. (2005 – 2010). He was also involved with economics and policy making in India with the Tenth Finance Commission, Economic Advisory Council of the Prime Minister and the Planning Commission of India.
Welcoming his appointment to the Air Works’ Board, Mr. D Anand Bhaskar, MD & CEO Air Works said, “Dr. Drabu’s addition to the Air Works’ Board is extremely well-timed. His deep understanding and experience in the areas of policy, planning, banking and economics will have an invaluable bearing on Air Works’ overall business strategy and destiny, in light of the unprecedented fluctuation in the economic scenario and the current state of Indian aviation due to Covid-19. Despite having a resilient DNA, we look forward to leverage his rich experience and further strengthen Air Works, embracing both emerging and best practices in corporate governance in order to reinvent our business in sync with the new, emerging normal.”
Dr. Drabu’s appointment in the board of directors of Air Works will go a long way in strengthening the Air Works Board which currently comprises five members and is running strong at its 70th year of operation.
