India, Feb. 11 -- Akasa Air co-founder and Chief Commercial Officer Praveen Iyer has stepped down from the airline, marking the second major leadership exit at the carrier in less than three years of operations.

Announcing the development, Akasa Air founder and Chief Executive Officer Vinay Dube credited Iyer for his role in shaping the airline's commercial direction during its formative years.

"Praveen has been instrumental in shaping not just Akasa's commercial vision but the airline itself.," Dube said, thanking him for his leadership and long-term perspective.

Praveen Iyer is a co-founder of Akasa Air and served as its Chief Commercial Officer. He was also a member of the airline's executive committee.

Before joining Akasa, Iyer h...