The Jalan Kalrock Consortium, which is the new promoter of Jet Airways, has announced the appointment of Sanjiv Kapoor as chief executive officer (CEO).
Vipula Gunatilleka was earlier appointed as chief financial officer (CFO) of Jet Airways.
"I am confident Jet Airways will soon regain its lost glory," Gunatilleka said in a statement.
Kapoor, currently president of Oberoi Hotels & Resorts, will be joining from April 4. Before the Oberoi Group, Kapoor was chief strategy and commercial officer at Vistara from 2016 to 2019 and grew the airline from nine aircraft and 40 flights a day to 38 aircraft and over 200 flights a day.
Before Vistara, Kapoor led India’s second largest low cost carrier SpiceJet in 2014-2015 as chief operating officer and de facto CEO from November 2013 to October 2015.
Commenting on Kapoor's appointment, Murari Lal Jalan, lead partner of the Jalan-Kalrock Consortium and proposed non-executive chairman of Jet Airways, said, “Kapoor is a seasoned aviation professional who has the right blend and demeanour to stitch a team together.”
“I always believe in investing in human capital and by having Kapoor as the CEO and Gunatilleka as CFO, I am certain Jet Airways will reclaim its lost glory and surpass everyone’s expectation,” he added.
Jet Airways' share price hit 5 percent upper circuit to Rs 81.15 on the BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
