India, Feb. 11 -- Praveen Iyer, a co-founder and chief commercial officer of Akasa Air, has quit the airline, in the second high-profile exit in less than three years of operations. He was also a member of the executive committee of the company.

"Praveen has been instrumental in shaping not just Akasa's commercial vision but the airline itself.," Vinay Dube, founder and chief executive officer at Akasa Air, said in a statement. "We are grateful for his leadership, clarity of thought, and long-term perspective during the formative years of the airline."

Anand Srinivasan, another co-founder and chief information officer, has taken charge as the new chief commercial officer. Akasa Air is now on the lookout for a new chief information offic...