Sanjiv Kapoor, the CEO-designate of the grounded airline Jet Airways, has resigned from the company. Kapoor will leave the company on Monday, said Jalan Kalrock Consortium (JKC), which is all set to takeover ownership of the airlines. It added the executive committee will oversee the responsibilities until a replacement is in place.
Kapoor, an experienced aviation professional, had taken on the role of Chief Executive Officer (CEO) at Jet Airways on April last year.
In a statement shared by JKC, Sanjiv Kapoor said, “I am proud to have been part of a fantastic team that came together with JKC to create history by reviving an airline for the first time in India. It is not an ordinary airline we set out to revive-it is Jet Airways was one of the most loved airlines in India for the last 25 years it operated before ceasing operations in 2019.”
“Sanjiv joined us in April 2022 to spearhead the revival of Jet Airways, and drove the business and launch plan as we prepared to re-start the commercial operations of Jet Airways JKC is grateful to Sanjiv for his contribution to the launch plans of Jet Airways during his time with us and we wish him the very best for his future endeavours,” said Ankit Jalan, board member of JKC.
Jet Airways ceased operations in 2019 due to financial difficulties. Sanjiv Kapoor was appointed to serve as CEO-designate until the lenders transfer control of the airline to a consortium led by Dubai-based Murari Lal Jalan and the United Kingdom’s Kalrock Capital.
The departure is a big setback for Jet Airways’ recovery plans. The airline’s ownership transfer under the insolvency resolution plan has already been hampered by disagreements between the successful bidder and lenders.
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