Jet Airways’ new owner, the Jalan-Kalrock consortium, has chosen former SpiceJet and Vistara executive Sanjiv Kapoor as the airline’s chief executive. Kapoor, who was most recently president of Oberoi Hotels, will join the airline on April 4.
“Sanjiv is a seasoned aviation professional who has the right blend and demeanour to stitch a team together,” Murari Lal Jalan, the lead partner of the consortium and proposed non-executive chairman of Jet Airways, was quoted as saying in a company news release. Kapoor’s previous stints in civil aviation included the roles of chief operating officer at SpiceJet and chief strategy and commercial officer at Vistara. He resigned from Oberoi Hotels on Thursday. Kapoor, who had joined SpiceJet from Bangladesh-based GMG Airlines in November 2013, helmed the airline at a time when oil prices were at a record high.
During his stint, SpiceJet saw a reduction in losses by half and reached a 23% market share. After that, a cash crunch led to a severe crisis at the airline and an eventual change of ownership.