Jet Airways CEO-designate Sanjiv Kapoor has quit the grounded airline, according to a source. He had joined the airline as the chief executive officer in April last year. The source said that Friday was the last working day for Kapoor at the airline.
Grounded carrier Jet Airways on Friday announced the appointment of Sanjiv Kapoor as the chief executive officer. His appointment to the post comes days after the airline brought in former Sri Lankan Airlines CEO Vipula Gunatileka as the chief financial officer. Kapoor, who is currently the president of Oberoi Hotels and Resorts, has been associated with budget carriers SpiceJet and GoAir as well as with full-service carrier Vistara in various capacities in the past.
Chief Operating Officer, Sanjiv Kapoor will be leaving the company effective October 31, 2015 after two years with the organisation.
Bhansali Productions will retain creative control, and Sanjay Leela Bhansali, founder, Bhansali Productions, said that for him, powerful and meaningful cinema requires time, trust, and a deep respect for the process, which the company was able to align with Saregama India.
Unplanned, last-minute pricing is hurting the aviation sector, as is evident from the balance sheets of Indian carriers
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different. The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders. "We don't want to be in a rush," Kapoor said.
In signs of increasing differences, Jet Airways' winning bidder Jalan Kalrock Consortium on Tuesday asked the airline monitoring committee's authorised representative Ashish Chhawcharia not to issue any communication on behalf of the grounded carrier without approval of all the members of the committee. Amid the continuing uncertainty over the fate of Jet Airways, which shuttered operations in April 2019, the consortium on Tuesday wrote a letter to Chhawcharia. The latest development comes more than a week after Chhawchharia reportedly shot off a letter to Sanjiv Kapoor, asking him to refrain from using the title of CEO as he was only a CEO-designate.
Much of the discussion is happening at a "family level, not a corporate level". That means it is an Ambani or a Goenka in direct talks with Johar.
Jet Airways conducted its test flight to and from the Hyderabad airport on Thursday in a step towards obtaining the air operator certificate. Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium. On Thursday, the airline's CEO Sanjiv Kapoor said on Twitter that the test flight's operation was a very emotional moment "for all the wonderful folks who have been working hard to get Jet back in the skies".
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
SpiceJet's chief operating officer Sanjiv Kapoor has resigned after two years of service.
Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
A video clip of the heated exchange onboard the flight on December 16 was shared on social media on Wednesday.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
AirAsia's Rs 5 basic fare offer has triggered competition and criticism from rivals, with market leader IndiGo launching a Rs 1 basic fare on AirAsia's inaugural routes and SpiceJet Chief Operating Officer Sanjiv Kapoor questioning the silence of the Directorate General of Civil Aviation (DGCA) on the price war.
Jet's air operator certificate will lapse on May 19.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
'Mankind's experience, sharpness, and execution will make it happen. We are not going for short-term gains.'
Jet Airways will operate flights with female cabin crew members in its start-up phase and hire male cabin crew members once it reaches a certain operational scale, the airline said on Sunday. It will be following the footsteps of Vistara, which had started hiring male cabin crew in March 2018, approximately three years after it was launched. Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium. Aviation veteran Sanjiv Kapoor took charge as the chief executive officer of the airline on April 4.
The difficult period created by some "legacy issues" are over.
Vistara appoints Vinod Kannan as chief strategy officer; plans to launch its maiden international flight to Colombo in May
The airline notched an on-time performance score of 79.9 per cent across the Delhi, Mumbai, Bangalore, and Hyderabad
Jet Airways is looking to lease around 20 Airbus A320 aircraft from lessors by 2024 as it aims to restart operations and fly international routes in the next one-and-a-half years. Jet's A320 aircraft fleet, according to sources, will be a mix of the Ceo and the more fuel-efficient Neo variants. These planes were originally intended for Russian airlines but could not be delivered following western sanctions on Russia over its Ukraine invasion.
The airline's board decides to issue warrants to promoters on a preferential basis
Jet Airways is in discussions with aircraft manufacturers and lessors to lease 6-8 planes, including some of those which were to be delivered to Russian carriers prior to the Ukraine war, as it gets ready for the relaunch, according to sources. Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings, they said. Once a major player in the Indian aviation space, the carrier has not flown since April 17, 2019 and is being revived under the ownership of the Jalan-Kalrock consortium.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
The airline management has now sought a meeting with civil aviation minister Ashok Gajapathi Raju to present the airline's plan.
SpiceJet on Monday launched discounted ticket sales at 'rates cheaper than AC 2-Tier train fare.
Airlines' summer schedule in India commences from late March and lasts till October every year.
The chief operating officer said that the carrier will surmount the present crisis very soon.
SpiceJet recently posted a loss of over Rs 1,000 crore (Rs 10 billion) for fiscal 2014.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
SpiceJet is conducting a strategic review of fleet and network, which could see staff reductions and a possible phase out of Bombardier Q400 planes in three months.
SpiceJet COO says ATF price cut is need of the hour.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
Clearance of dues is a key step in airline's revival.
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After all its flights remained grounded for most part of the day on Wednesday, cash-strapped SpiceJet resumed operations in the evening as oil companies, which had stopped fuel supplies to its aircraft, eased the restriction.
Budget carrier SpiceJet on Wednesday joined the low fare race in the domestic market putting on the block half a million seats with ticket prices starting at Rs 1,499 under a limited period promotional offer.
Singapore-based Tigerair has terminated its passenger swapping pact with Spicejet over a year after the two budget carriers forged the inter-line arrangements.
No-frills carrier SpiceJet on Tuesday put on sale 1 lakh seats on its select domestic flights for just Re 1.
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