The Kalrock Jalan consortium is putting together a senior management team as it looks to revive Jet Airways.
On Friday the consortium announced the appointment of aviation sector veteran Sanjiv Kapoor as its chief executive officer. Kapoor will take charge on April 4.
Kapoor is currently the president of Oberoi Hotels and Resorts. Prior to joining the Oberoi group, he was the chief strategy and commercial officer at Vistara, and oversaw strategy, marketing, network planning and other functions.
He led SpiceJet as its COO in 2014-15 implementing innovative pricing and marketing strategies. The period also saw the airline face a cash crunch amid high oil fares and led to a change in ownership. Kapoor left SpiceJet in 2016.
Last month the consortium appointed former Sri Lankan Airlines Chief Executive Officer Vipul Gunatilleka as the Jet’s chief financial officer.
“I always believe in investing in human capital and by having Sanjiv as the CEO and Vipula as the CFO, I am certain Jet Airways will reclaim its lost glory and surpass everyone’s expectation,” Murari Lal Jalan, lead partner of the consortium and non executive chairman of Jet Airways, said.
“Working together with a very strong team of experienced aviation professionals that is being put together by the Jalan-Kalrock Consortium, I look forward to leading the charge in rebuilding Jet Airways into the most preferred customer-oriented airline once again, a people-focused airline for the digital age,” Kapoor said in a statement.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Leave a Reply