Sanjiv Kapoor To Stay CEO-Designate Of Jet Airways


Sanjiv Kapoor To Remain CEO-Designate Of Jet Airways

The consortium had final 12 months introduced the appointment of Sanjiv Kapoor because the CEO


Grounded service Jet Airways on Monday mentioned Sanjiv Kapoor stays the CEO-designate of the corporate until the airline’s possession is transferred to the consortium by the lenders.

Earlier CNBCTV18 reported that the pinnacle of the Jet Airways administration committee and erstwhile Decision Skilled Ashish Chhawchharia in a discover to Mr Kapoor has requested him to chorus from utilizing the title of CEO of the airline.

In October 2020, the airline’s committee of collectors (CoC) permitted the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and the UK’s Kalrock Capital.

After the Insolvency decision course of in June 2021, Jalan-Kalrock Consortium (JKC) was declared the profitable bidder for Jet Airways.

The consortium had in March final 12 months introduced the appointment of Mr Kapoor because the CEO of the airline with impact from April 4, 2022.

“Sanjiv Kapoor has been designated because the CEO of the to-be revived Jet Airways by JKC after receipt of his safety clearance from the Ministry of Civil Aviation, Authorities of India.

“Nonetheless, till the possession of Jet Airways is transferred to JKC, he stays CEO-designate. His mandate is to guide ‘Jet 2.0’ post-handover, and he has been centered on the preparation for that,” a JKC consortium spokesperson mentioned in a press release.

The airline’s air operator certificates was revalidated by aviation security regulator DGCA in Might this 12 months following which it introduced its plans to recommence operations in September 2022 however later pushed the relaunch date additional.

The airline has not flown since April 2019 when it ceased all operations as a result of monetary misery.

In late December, amid uncertainties across the recommencement of business operations, at the very least two key senior-level executives moreover some pilots and cabin crew left the airline.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)

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