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Home / News / Business News / Sanjiv Kapoor named new CEO of Jet Airways
Business

Sanjiv Kapoor named new CEO of Jet Airways

Sanjiv Kapoor named new CEO of Jet Airways
Written by Manzoor-ul-Hassan
Mar 04, 2022, 05:37 pm 2 min read
Sanjiv Kapoor named new CEO of Jet Airways
Sanjiv Kapoor has a remarkable track record in the aviation industry.

Jet Airways has appointed Sanjiv Kapoor as the new CEO of the airline company. Kapoor has previously served at SpiceJet as its Chief Operating Officer and at Vistara as its Chief Strategy and Commercial Officer, TOI reported. He resigned as the President of Oberoi Hotels on Thursday and is expected to take over his new role at Jet Airways from April 4, 2022.

Context
Why does this story matter?
  • Jet Airways ceased operations in April 2019, owing to mounting losses, debt, and dues.
  • In June 2021, the National Company Law Tribunal accepted the Jalan-Kalrock Consortium's resolution plan after two years of protracted insolvency proceedings.
  • Now, the airline is in the process of renewing its operating permit.
  • Jet already employs approximately 150 personnel and is in talks with vendors, including lessors, regarding the relaunch.
Profile
Kapoor's track record made his selection possible

Kapoor, who joined SpiceJet in November 2013, led the airline in a period of record-high oil prices. He helped it reduce losses by half and obtain a market share of 23% before it faced a cash crunch crisis. Also, Vistara expanded from nine to 45 aircraft during Kapoor's tenure. He oversaw the airline's major areas, including strategy, network, marketing, and commercial functions, among others.

Statement
Jet Airways has large fanbase of loyal customers: Kapoor

Following the news of his appointment, Kapoor issued a complimentary statement about Jet Airways. He said despite not operating for nearly three years, Jet still has "a large fanbase of loyal customers" who "can't wait for it to take to the skies again." "I look forward to leading the charge in rebuilding Jet Airways into the most preferred customer-oriented airline once again," Kapoor added.

Comments
Kapoor is people's person and great leader: Consortium's Lead Partner

Murari Lal Jalan—Lead Partner of Jalan-Kalrock Consortium and proposed Non-Executive Chairman of Jet Airways—said he was delighted to have Kapoor join his team. "Sanjiv is a people's person and has all qualities of a great leader," the Free Press Journal quoted him as saying. "I am certain he will be able to lead Jet Airways and make it...the most preferred full-service carrier," Jalan said.

Twitter Post
'Looking forward to flying our favourite airline,' tweets user

No one better than you @TheSanjivKapoor to get #jetairways back into the skies. Looking forward to flying our favourite airline in the Indian skies again 💫💫✌️✌️ wish you loads of luck and best wishes 🎉🎉👏👏

— Vikaas Kalantri (@VikasKalantri) March 4, 2022
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Manzoor-ul-Hassan
Manzoor-ul-Hassan
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Manzoor ul Hassan is a multi-media journalist and writer. His stories on healthcare, politics, society, and lifestyle were published by leading news organisations. He is currently working as a National Writer for NewsBytes. He has previously worked for national and international news organisations such as ARD (German TV), Healthwire.co, ORF Austria, Pear Video, BBC, and NDTV.
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