HIGHLIGHTS-
- Sanjiv Kapoor was appointed as the new CEO of Jet Airways.
- The airline prepares to resume operations this summer.
- Sanjiv Kapoor is a travel industry veteran with over 20 years of experience in the airline sector.
Jet Airways has appointed Sanjiv Kapoor as its new Chief Executive Officer (CEO). Sanjiv Kapoor will take charge as the new CEO from April 4 as the airline prepares to resume operations this summer. Mr. Kapoor is Jet Airways’ second high-level announcement, following the appointment of Captain PP Singh.
Singh is a former Indian Air Force (IAF) squadron leader and Nepal Airlines Corporation official. He has been appointed as the airline’s next accountable manager, replacing Sudhir Gaur.
Sanjiv Kapoor, New CEO of Jet Airways
Sanjiv Kapoor is a travel industry veteran. He has experience of over 20 years in the airline sector. He has worked as a management consultant with airlines in Asia, Europe, and the United States. Kapoor has also worked as an investment advisor in the aviation space.
Mr. Kapoor is currently the president of Oberoi Hotels and Resorts. He has previously worked for budget carriers SpiceJet and GoAir, as well as full-service carrier Vistara.
“I’m excited to return to the world of aviation”
Mr. Kapoor stated, “I’m excited to return to the world of aviation. Despite the fact that Jet Airways has been out of business for three years, it continues to have a strong fan base of loyal customers who miss it every day and eagerly await its return to the sky.” He further stated that he is looking forward to leading the charge in resurrecting Jet Airways as the most favored customer-oriented airline in the digital age.
Jet Airways took over by CalRock Capital and Murari Lal Jalan
Jet Airways is planning to resume operation in the first quarter of 2022. Jet Airways was forced to halt operations in April 2019 due to financial difficulties. Following that, a group led by CalRock Capital and Murari Lal Jalan won Jet Airways’ bid in the bankruptcy resolution process.
Hai Jalan Jalan is a Dubai-based Indian-origin businessman. CalRock Capital Management Limited, on the other hand, is a London-based worldwide financial advising and alternative asset management organization created by Florian Frech.
Jet Airways founder
In the early 1990s, Jet Airways was founded by Naresh Goyal. Goyal is a ticketing agent-turned-entrepreneur. He gave an alternative to Air India by launching Jet Airways. Jet Airways had a total of 120 planes at one point. The airline was known for its slogan, “The Joy of Flying.” Due to large debt, the airline was forced to close on April 17, 2019.
