New Delhi, Feb. 11 -- Akasa Air co-founder and chief commercial officer Praveen Iyer has quit the budget airline, the company said on Wednesday in a statement.

Anand Srinivasan, co-founder and chief information officer, will replace Iyer in the role of chief commercial officer, Akasa Air said.

This is the second high-profile exit in less than three years of the airline's operations.

Praveen Iyer, who was among the group of industry executives who founded Akasa Air, was also a member of the executive committee of the company.

In October last year, Neelu Khatri, who was the head of international operations of the airline, had also stepped down from her role at the company. This makes Iyer's resignation the second high-level exit in less...