Sanjiv Kapoor has been named Chief Executive Officer (CEO) of Jet Airways by the Jalan Kalrock Consortium, the airline's new promoters. Kapoor was formerly with Indian full-service carrier Vistara and budget airline SpiceJet before becoming president of Oberoi Hotels & Resorts. He will begin working for Jet Airways on April 4, according to the airline.
"Sanjiv is an experienced aviation expert with the ideal mix of skills and attitude to bring a group together. I believe in investing in human capital, and I am confident that with Sanjiv as CEO and Vipula as CFO, Jet Airways will reclaim its lost glory and exceed everyone's expectations "Murari Lal Jalan, the Jalan-Kalrock Consortium's lead partner and proposed non-executive chairman of Jet Airways, said as much.
Jet Airways was forced to cancel flights on April 17th, 2019, due to a financial shortage. The NCLT authorised the Jalan-Kalrock consortium's resolution plan in June 2021, which included UAE-based entrepreneur Murari Lal Jalan and UK-based Kalrock Capital. From the revenues of the asset sale and cash flow, the consortium proposes to pay creditors 1,183 crore over five years.
“I am looking forward to getting back to aviation. Despite the fact that Jet Airways has been out of business for three years, it still has a significant fan following of dedicated consumers who miss it every day and eagerly await its return," Sanjiv Kapoor remarked.
