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SpiceJet COO Sanjiv Kapoor quits; headed to Vistara?

Kapoor, 48, was appointed to the post by then owner Kalanithi Maran in November 2013. His abrupt resignation comes over a year before the expiry of his employment contract, SpiceJet sources said.

October 30, 2015 / 08:03 IST
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SpiceJet's Chief Operating Officer Sanjiv Kapoor today put in his papers, nearly ten months after original promoter Ajay Singh took over the reins of the budget airline. Kapoor, 48, was appointed to the post by then owner Kalanithi Maran in November 2013. His abrupt resignation comes over a year before the expiry of his employment contract, SpiceJet sources said.He worked for a total of two years at the airline.“After overcoming significant challenges and under the new ownership, SpiceJet has not only returned to profitability, it has been a fundamental catalyst behind the world leading market growth in India," Kapoor said in the company's press release."Thanks to SpiceJet, competition has been kept alive in the Indian airline industry. I wish the entire SpiceJet family continued success, a success story I can always look back at with pride,” he added.

Kapoor is believed to have been sidelined after the new management took over earlier this year following the Marans offloading their entire holding to Singh. An avid user of micro blogging site Twitter, Kapoor has been a visible face of the no-frills airline and a strong supporter of flash sales of discounted ticketsSpiceJet has seen many senior-level exits since the change in ownership. Those who parted ways with the airline include its Chief Commercial Officer Kaneswaran Avili and IT head Sudhakar Kondisetty.

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A co-founder of SpiceJet, Singh, who exited the airline in 2010, took back its control after acquiring the entire 58.46 percent stake of Kalanithi Maran and Kal Airways Pvt. Ltd in February as part of a revival plan. SpiceJet also does not have a chief executive officer ever since July 2013 when the then CEO Neil Mills quit the airline.

Sources told CNBC-TV18 that outgoing COO Kapoor is headed to upstart rival Vistara, promoted by the Tata Group and Singapore Airlines, where he will done the role of chief commercial officer (CCO), and will be in charge of network planning, revenue and sales management at the carrier. A formal announcement is expected by Vistara tomorrow.- With inputs from CNBC-TV18.

first published: Oct 29, 2015 04:25 pm

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